Profile: Amedisys Inc (AMED.O)
Amedisys, Inc. (Amedisys), incorporated in 1982, is a health care company focused on bringing home the continuum of care. Amedisys delivers personalized health care services to patients and their families, with approximately 11 million visits per year. The Company operates in two segments: home health and hospice. As of December 31, 2011, it owned and operated 440 Medicare-certified home health care centers, 87 Medicare-certified hospice care centers and two hospice inpatient units in 41 states within the United States, the District of Columbia and Puerto Rico. Medicare represented approximately 85% of its net service revenue, during the year ended December 31, 2011. In 2011, the Company became an in-network home healthcare provider for 71 managed care plans across 24 states, which included three national agreements, and a hospice care provider for 27 managed care plans across 12 states. As of December 31, 2011, it had agreements with 240 managed care providers across the country and is focused on adding to its network. On November 1, 2011, it acquired Hospice of Hackensack University Medical Center (Hackensack Hospice). On June 7, 2011, Amedisys acquired Beacon Hospice, Inc.
Home Health Care
The Company’s home health segment delivers a range of services in the homes of individuals who may be recovering from an illness, injury or surgical procedure. The Medicare home health benefit is available to homebound patients who require ongoing intermittent skilled care. Its services are provided by home health care professionals. The Home Health Care Team includes: skilled nursing, nurse practitioners, home health aides, physical therapy, occupational therapy, speech therapy and medical social workers. The Company’s chronic care programs include programs for cardiovascular, respiratory, diabetes, behavioral health, rehabilitative and medical surgical conditions.
Amedisys’s hospice segment provides care that is designed to provide comfort and support for those who are facing a terminal illness. Individuals with a terminal illness such as heart disease, pulmonary disease, dementia, Alzheimer’s, HIV/AIDS or cancer are considered eligible for hospice care, if they have a life expectancy of six months or less. The Hospice Care team is a dedicated support network for the patient and includes the patient and family, attending physician, hospice physician, nurses, social workers, home health aides, volunteers, bereavement counselors, spiritual counselors.
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