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Home Health & Hospice Week

Industry Note:

F2F Takes Its Toll Already

Published on Tue Jul 05, 2011

Face-to-face encounter requirements are hurting home health agencies' bottom lines, including those of publicly traded companies. Baton Rouge, La.-based chain Amedisys Inc. saw profits tumble 33 percent and revenues decrease 11 percent. In the quarter ended June 30, Amedisys reported a $21.7 million profit on $373.7 million in revenues, compared to $32.3 million in net income on $422.3 million in revenues for the same period in 2010. "We believe the Face-to-Face requirement had a negative impact on volumes during the quarter as physicians adjusted the referral behavior in light of the additional burden of the documentation," the company said in a conference call, according to Reuters. On the bright side, Amedisys is scheduled to receive a $4.7 million bonus from Medicare's pay for performance demonstration's second year, it says in a release. Louisville, Ky.-based Almost Family Inc. also saw earnings decreases, with profits nosediving 41 percent. The regional chain reported [...]
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