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Home health, hospice firms see earnings slide
Modern Healthcare

Home health and hospice companies weathered a tough first quarter that was evident in bottom-line results that could not keep pace with last year.

While companies saw an increase in admissions, they faced challenges including reimbursement cuts as well as decreases in re-certifications from doctors to continue care.

As earnings season comes to a close, LHC Group, Lafayette, La., joined its peers Wednesday in reporting a decrease in net income; in its case, its first quarter net income of $6.3 million represented an 18.2% decrease compared to the same period last year.