LHC Group’s CMS Star Ratings Continue to Stand out in Latest Report
September 06 2018 - 1:11PM
Business Wire
Analysts expect increased quality and
patient satisfaction performance to continue
LHC Group, Inc.’s (NASDAQ: LHCG) most recent star ratings
continue to stand out among the industry’s best, significantly
exceeding national averages for both quality and patient
satisfaction – according to the latest Centers for Medicare and
Medicaid Services (CMS) Five-Star Quality Rating System results
released in July 2018.
Excluding the recent merger with Almost Family, as well as other
2017 acquisitions, LHC Group standalone providers produced a score
of 4.70 in the quality category – an improvement over the 4.68
score in the April 2018 report. This compares favorably with a
national average that has been within a range of 3.25 to 3.28 over
the last five quarters. In the patient satisfaction category, LHC
Group providers scored at 4.36, also a favorable comparison to a
national industry average of 3.70.
With all LHC Group providers included (Almost Family legacy
locations and recent acquisitions), the company achieved a quality
score of 4.14 and an industry-leading patient satisfaction rating
of 4.14 in the July report – compared to national averages of 3.28
(quality) and 3.70 (patient satisfaction), respectively.
In an independent analysis report released in August, Jefferies
Group LLC – a New York-based global investment bank and
institutional securities firm that provides financial advisory
services – once again noted that LHC Group “significantly
outperformed the industry in the percentage of their facilities
rating four stars and above.”
In total, 98 percent of LHC Group standalone providers scored at
four stars or greater in the quality category, while 92 percent
scored four stars or better in the patient satisfaction
category.
In analyzing the Q2 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).
The Jefferies report indicated:
- “…LHCG (standalone) continues to lead
the Stars performance on both quality and patient satisfaction
categories nationally…”
- “LHCG (including AFAM) leads its public
peers in the patient satisfaction ratings…”
Jefferies analysts also stated that they expect LHC Group’s
recent acquisitions to reach the company’s standalone business
performance level, “Given LHCG’s success in improving their star
ratings historically…”
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, home and community based
services, and facility-based care from more than 780 locations in
communities in 36 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 337 leading hospitals around the country.
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version on businesswire.com: https://www.businesswire.com/news/home/20180906005798/en/
LHC Group, Inc.Investor Relations:Eric Elliot,
337-233-1307Eric.Elliot@LHCgroup.comorMedia Relations:Mark
Willis, 337-769-0673Mark.Willis@LHCgroup.com
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