April 30 U.S. home healthcare provider Amedisys
Inc cut its forecast for 2013, four days after
reporting first-quarter results below estimates due to lower
patient numbers and cuts in government reimbursements.
Amedisys cut its per-share earnings forecast for the year by
15 cents to between 45 and 55 cents.
Analysts expect 64 cents on average for 2013, according to
Thomson Reuters I/B/E/S.
The company also cut its service revenue forecast to $1.28
billion-$1.32 billion from the $1.43 billion-$1.45 billion
forecast in March. Analysts are looking for $1.43 billion.
Amedisys said last week that home health results were hurt
by sequestration, which caused a reduction 3 cents per share in
President Barack Obama's healthcare law imposes
reimbursement cuts on the home healthcare industry. Companies
such as Amedisys, Gentiva Health Services Inc, Almost
Family Inc and LHC Group Inc have struggled to
offset the impact.