Amedisys Inc Stock Price, News & Analysis

Amedisys (NASDAQ: AMED) has partnered with the University of Arkansas for Medical Sciences (UAMS) and Contessa to introduce a comprehensive care-at-home program in Central Arkansas. This first-of-its-kind initiative includes Recovery Care, Rehabilitation Care, and Palliative Care at Home, allowing patients to receive essential medical services in their homes. The program aims to improve patient outcomes, increase access to care, and reduce overall healthcare costs. Services are set to begin later this year, boosting the region's healthcare offerings.

Amedisys, a leader in home health and hospice care, appointed Adam Holton as Chief People Officer on September 27, 2022. With over 20 years of HR experience, Holton aims to enhance talent acquisition and employee engagement strategies essential for the company's growth. Previously the Chief Human Resources Officer at Numotion and CHS, he brings extensive knowledge from various leadership roles, including his service as a Marine Corps Infantry Officer. Amedisys emphasizes that investing in human capital is vital for delivering high-quality patient care, especially in a competitive market.

Mount Sinai at Home, a joint venture between Mount Sinai Health System and Contessa, expands home-based care services in the New York area. This initiative combines home health, hospitalization, rehabilitation, and palliative care under the new name, aiming to enhance care delivery. The service currently treats nearly 3,000 patients annually, boasting a 96% patient satisfaction rate and a 4-star quality rating from CMS. Driven by patient demand for home care, this initiative aligns with emerging trends in healthcare delivery.

Amedisys, Inc. (AMED) reported a decrease in net service revenue, down $6.3 million to $557.9 million for Q2 2022. Net income was $29.6 million, a significant drop from $80.1 million in 2021, with EPS falling to $0.91 from $2.43. For the six-month period, revenue rose slightly to $1,103.1 million. Adjusted EBITDA also declined to $74.4 million. The company updated its 2022 revenue guidance to $2.290-$2.310 billion while reaffirming adjusted EBITDA guidance of $275-$285 million. CEO Chris Gerard noted challenges from COVID-19 and regulatory concerns.

Amedisys (NASDAQ: AMED) will disclose its Q2 results on July 27, 2022, post-market, with a conference call scheduled for July 28, 2022, at 11:00 a.m. ET. Investors can access the call by dialing toll-free numbers or via a live webcast on the company's investor relations site. Amedisys is dedicated to providing high-quality home health, hospice, personal care, and high-acuity care services across the U.S., partnering with over 3,000 hospitals and 90,000 physicians to deliver care to more than 445,000 patients annually.

Amedisys (NASDAQ: AMED) has partnered with Memorial Hermann Health System to provide home-based medical, rehabilitation, and palliative care. This collaboration allows patients to receive acute hospital care and rehabilitation in the comfort of their homes, reducing readmission rates by 44% and hospital stays by 35%. Patients will have the option to be discharged directly from the Emergency Center and monitored remotely. This innovative approach aligns with the growing trend towards community-based healthcare and enhances patient experience.

Amedisys (NASDAQ: AMED) announced a partnership with Baylor Scott & White Health to offer innovative at-home care solutions. This collaboration aims to deliver hospital-level care, including skilled nursing and palliative support, reducing hospital readmission rates by 44% and hospital stays by 35%. The program, set to roll out in 2023, will enhance patient outcomes and satisfaction, building on Baylor Scott & White's century-long reputation for quality care. Both organizations are committed to improving patient experiences by providing more convenient care options in the comfort of home.

Amedisys, a leader in home health and hospice care, announced its participation in several upcoming investor conferences. CEO Chris Gerard and CFO Scott Ginn will present at the Benchmark Healthcare House Calls Conference on June 2, at the William Blair Growth Stock Conference on June 6, and at the Jefferies Healthcare Conference on June 8. Amedisys provides personalized healthcare services to over 445,000 patients annually and partners with more than 3,000 hospitals.