LHC Group (LHCG, Financial) filed Quarterly Report for the period ended 2010-06-30.
Lhc Group has a market cap of $410.5 million; its shares were traded at around $21.85 with a P/E ratio of 9 and P/S ratio of 0.8. Lhc Group had an annual average earning growth of 32.7% over the past 5 years.LHCG is in the portfolios of Chuck Royce of Royce& Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.
LTACHs. The federal standard rate for 2010 LTACH-PPS rate year (RY) will be $39,896 per Medicare discharge and the high cost outlier threshold will be $18,425. The standard federal rate for LTACH-PPS is increased or decreased based on each Medicare patients case mix index, which measures the severity of the patients condition. The high cost outlier threshold is the limit that triggers additional high cost outlier payments to an LTACH.
At June 30, 2010, the Companys allowance for uncollectible accounts, as a percentage of patient accounts receivable, was approximately 10.9%, or $9.3 million, compared to 10.1% or $8.3 million at December 31, 2009.
Consolidated net service revenue for the three months ended June 30, 2010 was $154.2 million, an increase of $21.2 million, or 16.0%, from $133.0 million for the three months ended June 30, 2009. Consolidated net service revenue for the six months ended June 30, 2010 was $299.9 million, an increase of $42.7 million, or 16.6%, from $257.2 million for the six months ended June 30, 2009.
Home-Based Services. Net service revenue for home-based services for the three months ended June 30, 2010 was $136.6 million, an increase of $18.3 million, or 15.4%, from $118.3 million for the three months ended June 30, 2009. Total admissions increased 14.0% to 22,540 during the current period, versus 19,779 for the same period in 2009. Average home-based patient census for the three months ended June 30, 2010, increased 7.4% to 31,345 patients as compared to 29,182 patients for the three months ended June 30, 2009.
Net service revenue for home-based services for the six months ended June 30, 2010 was $265.2 million, an increase of $37.5 million, or 16.5%, from $227.7 million for the six months ended June 30, 2009. Total admissions increased 17.1% to 44,345 during the current period, versus 37,883 for the same period in 2009. Average home-based patient census for the six months ended June 30, 2010, increased 8.9% to 31,033 patients as compared to 28,508 patients for the six months ended June 30, 2009.
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Lhc Group has a market cap of $410.5 million; its shares were traded at around $21.85 with a P/E ratio of 9 and P/S ratio of 0.8. Lhc Group had an annual average earning growth of 32.7% over the past 5 years.LHCG is in the portfolios of Chuck Royce of Royce& Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
Home Nursing. The base payment rate for Medicare home nursing in calendar year (CY) 2010 is $2,312.94 per 60-day episode. This is an increase of 1.8% over the CY 2009 base payment rate of $2,271.92. The increase includes a 2.2% market basket increase, a 2.75% coding adjustment decrease, and a 2.5% increase resulting from a modification to the current outlier policy.LTACHs. The federal standard rate for 2010 LTACH-PPS rate year (RY) will be $39,896 per Medicare discharge and the high cost outlier threshold will be $18,425. The standard federal rate for LTACH-PPS is increased or decreased based on each Medicare patients case mix index, which measures the severity of the patients condition. The high cost outlier threshold is the limit that triggers additional high cost outlier payments to an LTACH.
At June 30, 2010, the Companys allowance for uncollectible accounts, as a percentage of patient accounts receivable, was approximately 10.9%, or $9.3 million, compared to 10.1% or $8.3 million at December 31, 2009.
Consolidated net service revenue for the three months ended June 30, 2010 was $154.2 million, an increase of $21.2 million, or 16.0%, from $133.0 million for the three months ended June 30, 2009. Consolidated net service revenue for the six months ended June 30, 2010 was $299.9 million, an increase of $42.7 million, or 16.6%, from $257.2 million for the six months ended June 30, 2009.
Home-Based Services. Net service revenue for home-based services for the three months ended June 30, 2010 was $136.6 million, an increase of $18.3 million, or 15.4%, from $118.3 million for the three months ended June 30, 2009. Total admissions increased 14.0% to 22,540 during the current period, versus 19,779 for the same period in 2009. Average home-based patient census for the three months ended June 30, 2010, increased 7.4% to 31,345 patients as compared to 29,182 patients for the three months ended June 30, 2009.
Net service revenue for home-based services for the six months ended June 30, 2010 was $265.2 million, an increase of $37.5 million, or 16.5%, from $227.7 million for the six months ended June 30, 2009. Total admissions increased 17.1% to 44,345 during the current period, versus 37,883 for the same period in 2009. Average home-based patient census for the six months ended June 30, 2010, increased 8.9% to 31,033 patients as compared to 28,508 patients for the six months ended June 30, 2009.
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