In my daily google alert on home health care, I see that Amedisys, one of the leading companies in our home health care industry has reported a significant growth in their profit for the fourth quarter of 2008. The company said its fourth-quarter profit rose about 58%, on 75% revenue growth. Amedisys has outperformed estimates in the past four quarters, and the company said the results mark the sixth consecutive year that earnings per share growth has exceeded 20%.
What level of growth are you seeing in your revenues and profits? This report by Amedisys supports what I have been saying in my Keynote speech, Home Health Care 2020. Successful home health care companies are continuing to grow rapidly and show profitability in spite of the challenges with the reimbursement systems at CMS.
If your agency is not growing, and if you are not increasing in profitability, it’s time to get your executive team together to discuss your strategic focus, and to set new priorities for your strategic competencies.
What are you seeing in the home health care marketplace in terms of growth and profits? What is happening with your agency? What are the biggest barriers you see to growth and profits? Give us your comments below.