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Home Health & Hospice Week

Finance:

Home Care Chains' Profits Sag In Third Quarter

Published on Thu Nov 14, 2013

Amedisys settles fraud and self-referral charges for $150 million. Medicare rate reductions took their toll on publicly traded home care chains in the third quarter. Three of the four chains saw profits drop, while two of them saw revenues dip. Baton Rouge, La.-based Amedisys Inc. re-ported a whopping $91.8 million loss due to a newly announced settlement of fraud charges [...]
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