LHC Group’s First-Quarter CMS Star Ratings Continue to Outperform National Averages
May 23 2018 - 7:00AM
Business Wire
Industry analysts note that company’s
performance “continues to shine”
LHC Group, Inc.’s (NASDAQ: LHCG) quality and patient
satisfaction ratings once again outperformed national averages and
industry peers – according to the latest Centers for Medicare and
Medicaid Services (CMS) Five-Star Quality Rating System results
released in April 2018.
On a standalone basis (excluding recent transactions), LHC Group
providers beat the national averages by a significant margin. LHC
Group achieved a quality score of 4.68 in the April report – an
improvement over its 4.55 score in the January report. This
compares favorably with a national average that has been within a
range of 3.25 to 3.28 for the last five quarters. LHC Group’s April
patient satisfaction score was 4.32, compared to the industry
average of 3.70.
LHC Group’s Q1 2018 ratings achievements include:
- 192 of LHC Group’s 195 in-home
healthcare providers – 98 percent – earned a four-star rating or
better in at least one category.
- 146 providers earned four stars or
better in both categories
- 112 providers earned a five-star rating
– the highest possible score – in at least one category
- 40 providers earned five stars in both
categories
Excluding recent transactions, LHC Group’s 195 providers operate
310 in-home healthcare locations throughout the nation.
In an independent analysis report also released in April,
Jefferies Group LLC remarked that LHC Group is one of a few
companies that “continues to shine” and “to outperform in care
quality and patient satisfaction.”
Jefferies, a New York-based global investment bank and
institutional securities firm that provides financial advisory
services, also noted that LHC Group “significantly outperformed the
industry in the percentage of their facilities rating four stars
and above.”
In analyzing the Q1 2018 ratings, Jefferies separated LHC
Group’s results based on its previous standalone businesses from
its pro forma star ratings based on the recently closed merger with
Almost Family (AFAM).
LHC Group and Almost Family finalized their merger on April 1,
2018, with the new company now operating under one name – LHC
Group.
The Jefferies report indicated:
- “LHCG (standalone) continues to lead
the stars performance on both quality and patient satisfaction
categories nationally…”
- “LHCG (both standalone & pro forma)
… significantly outperformed the industry…”
- “…The pro-forma business with AFAM
still leads the patient satisfaction survey.”
Jefferies analysts stated: “Given LHCG’s success in improving
their star ratings historically, we believe that the company will
be able to improve… the newly acquired AFAM agencies to LHCG’s
standalone business average over time.”
The CMS Five-Star Quality Rating System results are released
quarterly and rank providers in two categories: “Quality of Patient
Care” and “Patient Satisfaction.” The system was instituted by CMS
as part of its Home Health Compare website to provide a “tool for
consumers to use when choosing a home health care provider.”
About LHC Group, Inc.
LHC Group, Inc. is a national provider of in-home healthcare
services and innovations, providing quality, value-based healthcare
to patients primarily within the comfort and privacy of their home
or place of residence. LHC Group’s services cover a wide range of
healthcare needs for patients and families dealing with illness,
injury, or chronic conditions. The company’s approximately 30,000
employees deliver home health, hospice, personal care services, and
facility-based services from more than 780 locations in communities
in 37 states. Through its healthcare innovations business, LHC
Group drives increased utilization of home healthcare and enhances
patient and caregiver engagement. LHC Group is the preferred
in-home healthcare partner for 76 health systems, consisting of 336
leading hospitals around the country.
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version on businesswire.com: https://www.businesswire.com/news/home/20180523005519/en/
LHC Group, Inc.Investor Relations:Eric Elliot,
337-233-1307Eric.Elliot@LHCgroup.comorMedia Relations:Kayla
Hebert, 337-769-0790Kayla.Hebert@LHCgroup.com
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