LHC Group is top performer in latest CMS Star quality and patient satisfaction scores.
ENPNewswire-June 12, 2019--LHC Group is top performer in latest CMS Star quality and patient satisfaction scores
(C)2019 ENPublishing - http://www.enpublishing.co.uk
Release date- 11062019 - LAFAYETTE - LHC Group, Inc.'s (NASDAQ: LHCG) most recent Centers for Medicare and Medicaid Services (CMS) Five-Star Quality Rating System results showed an increase in both quality and patient satisfaction ratings according to the latest CMS figures released in April 2019.
LHC Group maintained its position as the top-ranked home health company in both categories, and continues to significantly outperform national industry averages.
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.
In evaluating the April 2019 scores, Jefferies Group LLC - a New York-based global investment bank and institutional securities firm that provides financial advisory services - stated: 'Our view is that as hospitals and physicians increase focus on performance-based reimbursements, referral flows will continue to shift toward higher quality players.'
Given this trend, the analysts said they expect high-performing providers like LHC Group 'to continue delivering healthy, above-peers' organic growth rates going forward.'
Jefferies analysts once again separated LHC Group's results based on its previous standalone businesses from its pro forma star ratings based on the April 2018 acquisition of Almost Family (AFAM).
The Jefferies report pointed out the following: 'LHCG (standalone & including AFAM) leads its public peers in the patient satisfaction ratings'
'LHCG (standalone) continues to lead the Stars performance on both quality and patient satisfaction categories nationally. We note that LHCG (including AFAM) had the largest Q/Q increase in average quality star rating (implying the AFAM facilities had the largest Q/Q increase).'
'Improvements in LHCG's home health star ratings has translated to higher same-store revenue growth rates; we believe legacy AFAM star ratings could reach LHCG's average within 18 months,' the report further stated.
CMS rates providers on a scale of 1 to 5 stars for both categories - with 5 being the highest rating.
LHC Group, excluding Almost Family and other recently acquired...
To continue reading
Request your trial