Home Health Care News September 5, 2024
Enhabit Inc. (NYSE: EHAB) revealed last month that it had submitted a termination notice to UnitedHealth Group’s (NYSE: UNH) UnitedHealthcare.
Now, members of Enhabit’s leadership team are divulging more details about how the company, ultimately, came to this strategic decision.
“It’s important to remember that the reason we created are payer innovation strategy, about two years ago, was because at that time we had United as a large payer and then a few regional smaller contracts that had come along with acquisitions over the years,” Enhabit CEO Barb Jacobsmeyer said during a discussion at the 2024 Wells Fargo Healthcare Conference Thursday. “Those combined contracts had us at about a 40% discount to Medicare. Obviously, that’s not sustainable. We started...