Home Health Care News February 28, 2025
Describing a year of “record breaking performance” for Pennant Group (Nasdaq: PNTG), leaders with the organization touted the home health segment in particular during the company’s Q4 2024 earnings call on Friday.
“When you look at our growth this year, it was really record breaking to have a 40% increase in home health admissions, to grow our revenue by 30%,” said Pennant President and COO John Gochnour.
Total home health admissions reached 59,741, which represented an increase of 37.3% over the prior year. For the year, total Medicare home health admissions hit 24,598, representing an increase of 26.9% compared to 2023. Same-store admissions in the home health and hospice segment grew 14.4% and same-store Medicare admissions grew 6.1% over the...
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