CMS Announces 6-Month Moratoria on New Medicare Enrollment for HH & Hospice Agencies as Part of Continued Crackdown on Fraud

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CMS Announces 6-Month Moratoria on New Medicare Enrollment for HH & Hospice Agencies as Part of Continued Crackdown on Fraud

Equity Research

Flash Comment — May 13, 2026

Healthcare Facilities

CMS Announces 6-Month Moratoria on

New Medicare Enrollment for HH & Hospice

Agencies as Part of Continued Crackdown on

Fraud

Our Call Stephen Baxter, CFA

CMS announced a 6-month moratoria on new Medicare enrollment for hospice and HH Equity Analyst | Wells Fargo Securities, LLC

Stephen.Baxter@wellsfargo.com | 212-214-8041

agencies as part of a continued crackdown on fraud. We view this as neutral for high-

Mitchell Ostrovskyquality providers such as PNTG / BTSG, which don't have NT dependency on de novos.

Associate Equity Analyst | Wells Fargo Securities, LLC

Mitchell.Ostrovsky@wellsfargo.com | 212-214-7243

Initial Thoughts James Lemmis

Home Health & Hospice Moratoria. This morning (5/13) CMS announced a nationwide James.Lemmis@wellsfargo.com | 212-214-5336

crackdown on Home Health (HH) and Hospice fraud, which includes the implementation Thomas Muller

of a six-month moratoria on new Medicare enrollment for hospices and home health Associate Equity Analyst | Wells Fargo Securities, LLC

agencies. The moratoria apply specifically to application for initial Medicare enrollment Thomas.Muller@wellsfargo.com | 332-214-6218

(new providers) and will not affect existing providers. Additionally, CMS will continue to

aggressively identify and investigate existing fraudulent providers.

This action coincides with the agency's heightened oversight activity of newly enrolled

hospice providers in states with "elevated fraud risk," which includes Arizona, California,

Georgia, Ohio, Nevada, and Texas. The administration also plans on conducting hospice