Hospice News November 7, 2024
Enhabit Inc.’s (NYSE: EHAB) hospice segment buoyed the company’s Q3 financial results amid losses in its home health business.
Also on Thursday, the company announced that Ryan Solomon will become its CFO effective Dec. 9, succeeding Crissy Carlisle.
Consistent sequential gains in Enhabit’s hospice average daily census (ADC), coupled with the Fiscal Year 2025 payment increase of 2.9% helped fuel that segment’s positive results. Hospice ADC rose 6.9% year-over-year to 3,622, up from 3,388 the prior year’s quarter.
“We are pleased with the continued progress of our hospice segment and anticipate continued growth,” CEO Barb Jacobsmeyer said in a Q3 earnings call. “Our priority has been on growing census and gaining operating leverage against the fixed cost structure associated with...
Today's Sponsors
Today's Sponsor