Hospice News August 8, 2024
The labor shortage and capacity constraints are the prevailing headwinds facing Aveanna Healthcare Holdings (NASDAQ: AVAH).
A cornerstone of the company’s strategy is fostering growth through value-based contracts in its private duty and home health businesses. The company sees this approach as a pathway for improving hiring and building clinical capacity.
Aveanna added four value-based payer contracts during Q1 for a total of 18 and set a goal for increasing that number to 22 by year’s end.
“The labor environment represented the primary challenge that we needed to address to see Aveanna resume the growth trajectory that we believe our company could achieve,” CEO Jeff Shaner said in a Q2 earnings call. “It is important to note that our industry...
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