The burgeoning 75-plus population, coupled with ever-increasing unsustainable healthcare costs, puts us in a very advantageous position, as an aging-in-place company, delivering the highest quality care at the lowest cost to seniors. So we're continuing to drive that down, continuing to show differentials there, and that's what a lot of the payers are interested in. Melissa Butler there has just done a fantastic job.

The coronavirus may have pressed pause on the home health industry consolidation some saw coming in 2020, but there’s a decent chance the stoppage will prove short-lived. AMED stock is also up a whopping 385% from levels seen in early 2018, two years ago. Our admit growth is very good and strong. And I think we're going to build it in a way that gives us some certain upside, if we do a great job that we think we will.

I was terminated 2 weeks ago. Motley Fool Transcribers (MFTranscribers) Oct 30, 2020 at …

And we've been able to utilize contract clinicians where necessary as well as kind of triaging visits if necessary as well so that we can make sure we take care of the patients. So most of the costs are baked in. And ultimately, when we see -- we are able to measure our success. In home health, we grew total admits by 5% and total volume by 6%, showing just how strong and quickly, the business has recovered from the initial impact of COVID-19. As a reminder, we have chosen to apply our Cares Act funds only to direct costs associated with COVID-19. Flag as Inappropriate Flag as Inappropriate. We've got to finalize a contract, which we're working pretty hard to get that done over the next few weeks. I want to provide a little more color on our PDGM performance and observations. One is rate. I was told it would be a minimum of two weeks before I heard anything. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Other items impacting the third quarter results of our home health segment include: an increase in G&A of approximately $3 million, mainly driven by planned wage increases; the addition of resources to support growth; higher health and workers' compensation costs; increases in incentive comp accruals and investments related to PDGM, partially offset by lower travel and training spend. And then you add in some of our innovative products that's going to ease even more growth. And the last piece I'd say is that we've really invested in new reps on the hospice side. For the quarter on an adjusted basis, our results were as follows: revenue increased $49 million or 10% to $544 million. We have deployed the use of telehealth visits in response to our patients' needs during the COVID-19 pandemic. Early exits, we define as employees that leave within their first 90 days has been a focus of ours this year, and we know how valuable our employees are and how hard it can be defined and secure the best talent. I also -- if you look at the fragmented nature of the industry, what you see is a lot of people are still paper-based. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images).

Our clinical staffing, we ended the quarter with a 46.7% LPN utilization, up from 40.6% in the third quarter of 2019 and a 49.6% PTA utilization, up from 43.7% in the third quarter of 2019.



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