Amedisys noticed its internet source of revenue drop 63% to $29.6 million right through the second one quarter, which adopted a 36% loss in prior 3 months, the corporate disclosed Wednesday.
Throughout an profits name Thursday, President and CEO Chris Gerard attributed the adverse effects to fewer discharges to domestic well being from hospitals, staffing shortages and the continuing COVID-19 pandemic.
Over the primary two quarters, the Baton Rouge, Louisiana-based domestic well being and hospice supplier’s internet source of revenue fell 53% to $61.3 million, consistent with its profits record.
The large availability of telehealth products and services stemming from the pandemic has ended in fewer referrals for domestic well being products and services, Gerard stated.
Throughout the second one quarter, Amedisys shaped partnerships with Memorial Hermann Well being Machine in Houston and Baylor Scott and White Well being in Dallas thru Contessa, a hospital-at-home supplier it obtained final yr. The ones relationships are anticipated to be operational by means of the top of the yr, Gerard stated.
“We’re assured Contessa will proceed making important growth on extra partnerships as we shut out the second one part of the yr, each with well being methods in addition to with well being plans,” Gerard stated.