Home Health Care News August 8, 2024
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) is progressing with its preferred-payer strategy and strategic transformation, despite the challenges it has faced since going public in 2021.
On Thursday’s second-quarter earnings call, the company reported its overall revenue at $505 million, a 7% increase compared to the same time last year. This growth was driven by a $30.2 million increase in private-duty services (PDS) and a $3.6 million increase in the medical solutions segment.
However, these gains were partially offset by a $0.8 million decrease in home health and hospice (HHS) segment revenue. Nevertheless, the company is progressing in closing the revenue gap in the HHS segment, as it reported a $1.5 million decrease in the same segment in the first...
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