Posts Tagged ‘LHC Group’

Home Health Index Hits a Seven-Month Low

July 8, 2013

Stoneridge Partners announced that the home health index, which is comprised of the four public home health care agencies, hit a seven-month low following CMS’ June 27 announcement of proposed Medicare home health payment rates for 2014. The proposed would set rebasing at the maximum reduction of 3.5% for each of the next four years.

Although this is just a proposal it sent a shock wave to the stocks in our Stoneridge Partners Home Health Index, causing the index to drop over 10% in just a few hours, something Stoneridge Partners noted they have not seen in their 10 years of tracking.

Until the announcement, the HH Index had been up, however it’s now down about 7% for the month and 5% YTD. On the good news front, the index is still up from a year ago.

Here are the results for the HH Index: (more…)

Home Health Stock Index Shows an Uptick

June 5, 2013

Stoneridge Partners reports that for the month of May the Home Health Index showed an increase of 4.4%, and the S&P 500 continued its increase.up 2.1%.

All stocks were up, however the increase was primarily on the back of Amedisys. After hitting a low that goes back to 2003 of $10.04, the stock jumped 22.7% to 12.32. Last month, Stoneridge ruminated as to whether or not it was, at that low point, a buy. (more…)

Home Health Agencies See Gains on Stock Market in June

July 3, 2012

HCAF Associate Member Stoneridge Partners is reporting a 5.6% gain for the home health index (HH Index) for June. The HH Index measures the performance of four publicly traded home health companies, all listed on the NASDAQ — Almost Family (AFAM), LHC Group (LHCG), Gentiva (GTIV) and Amedisys (AMED). This index is updated monthly. (more…)

Four Publicly Traded Home Health Agencies See Increases on the Stock Market

April 5, 2012

Stoneridge Partners, an HCAF Associate member, is reporting that the S&P 500 closed out the month of March up 3.1% and the up 12% for the first quarter of the year, the best start to a year since 1998. Stoneridge reports that the four publicly traded home health agencies did even better. Bolstered by the strong market in general and perhaps a little clarity in future reimbursement, the Home Health Index gained 8.9% in March and is now up a whopping 44% for the first quarter. (more…)

Almost Family Posts Better-Than-Expected 4th Quarter Results

February 22, 2012

Reuters is reporting that Almost Family Inc followed peer Gentiva Health Services Inc in posting better-than-expected quarterly results, highlighting a recovery in the home health care sector, which has been battered by reimbursement cuts and new regulations. (more…)

Home-Health Firms Blasted: Senate Panel Alleges Big Providers Abused Medicare by Tailoring Patient Care to Maximize Profits

October 3, 2011

Published in The Wall Street Journal by John Carreyrou

An inquiry by the Senate Finance Committee has found that the nation’s three largest home-health companies tailored the care they provided to Medicare patients to maximize their reimbursements from the federal program.

The committee launched its investigation following an article last year in The Wall Street Journal that used Medicare-claims data to analyze the companies’ patterns of dispensing care. The article described how the companies’ Medicare patients received a high number of the most profitable home-therapy visits but few of the least profitable ones. (more…)