Profile: Kindred Healthcare Inc (KND)
26 May 2017
Kindred Healthcare, Inc., incorporated on March 27, 1998, is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States. The Company operates through four divisions: the Kindred at Home division, the hospital division, the Kindred Rehabilitation Services division and the nursing center division. These divisions represent six segments: home health services, hospice services, hospitals, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers. The home health services and hospice services operating segments are contained within the Kindred at Home division while the Kindred Hospital Rehabilitation Services and RehabCare operating segments are both contained within the Kindred Rehabilitation Services division.
The Company's hospital division provided long-term acute care to post-intensive care and medically complex patients through the operation of a national network of 82 TC hospitals with 6,107 licensed beds in 18 states, as of December 31, 2016. A number of its hospitals also provide skilled nursing, sub-acute and outpatient services. Outpatient services include diagnostic services, outpatient wound care, rehabilitation therapy, computerized tomography (CT) scanning, one-day surgery and laboratory tests. In its TC hospitals, the Company treats medically complex and post-intensive care patients, including the critically ill, suffering from multiple organ system failures, such as the cardiovascular, pulmonary, kidney, gastro-intestinal, and cutaneous (skin) systems. Its TC hospitals employ a program of care for their patients that draws upon the talents of interdisciplinary teams, including physician specialists. Its TC hospital patients receive individualized treatment plans, which include rehabilitation, skin integrity management, and clinical pharmacology services. In addition, its TC hospitals offer a range of physician services, including pulmonology, internal medicine, infectious diseases, neurology, nephrology, cardiology, radiology and pathology.
The Company's hospital division receives payment for its services from third-party payers, including government reimbursement programs, such as Medicare and Medicaid and nongovernment sources, such as Medicare Advantage, Medicaid Managed, commercial insurance companies, health maintenance organizations, preferred provider organizations and contracted providers. The hospital division maintains a clinical outcomes and customer service program, which includes a review of its patient population measured against utilization and quality standards, clinical outcomes data collection, and patient/family, employee and physician satisfaction surveys.
Kindred at Home Division
The Company's Kindred at Home division primarily provides home health, hospice and community care services for patients in a range of settings, including their homes, nursing centers and other residential settings. Kindred at Home provided services in 635 locations in 40 states, as of December 31. 2016. Its home health operations offer medical care and other services for patients in their homes or other residential settings. Its services include nursing, physical, occupational and speech therapies, and medical social work. Its hospice operations provide a family-oriented care designed to meet the spiritual, emotional and physical needs of terminally ill patients and their families. Hospice services are provided in the home or other settings, such as nursing centers, assisted living facilities, hospitals and inpatient hospice units. Its community care services include personal care (bathing and grooming), meal preparation, companionship, light housekeeping, shopping, respite care and transportation. It also provides physician services focused on delivering primary and urgent care for patients in home-based settings, such as assisted living facilities, independent living facilities, and patients' homes, as well as care transition managers to follow patients with specific diagnoses and/or risk factors through the entire care continuum.
Kindred Rehabilitation Services Division
The Company's Kindred Rehabilitation Services division operates IRFs and acute rehabilitation units (ARUs), and provides rehabilitation services, including physical and occupational therapies and speech pathology services, to residents and patients of nursing centers, hospitals, outpatient clinics, home health agencies, and assisted living facilities. Within Kindred Rehabilitation Services division, the Company operates through two segments: Kindred Hospital Rehabilitation Services and RehabCare. Its Kindred Hospital Rehabilitation Services segment provides program management and therapy services on an inpatient basis in long-term acute care (LTAC) hospitals, sub-acute (or skilled nursing) units, as well as on an outpatient basis to hospital-based and other satellite programs. Its IRFs provide services to patients requiring intensive inpatient rehabilitative care.
The Company provides ARU management services on a contract basis. It operated approximately 100 ARUs, as of December 31. 2016. The Company, through ARUs, operates provide high acuity rehabilitation for patients recovering from strokes, medically complex and orthopedic conditions, traumatic brain injuries and other neurological disease processes. It provides rehabilitation and program management services, including physical and occupational therapies and speech pathology services, to LTAC hospitals. It provides specialized care programs that support patients with complex medical needs, such as wound care, pain management, and cognitive deficits, in addition to programs for neurologic, orthopedic, cardiac and pulmonary recovery. It operated therapy programs in 119 LTAC hospitals, as of December 31, 2016.
The Company managed therapy programs in five sub-acute (or skilled nursing) units, as of December 31, 2016. These hospital-based units provide lower intensity rehabilitation for medically complex patients. Patients' diagnoses cover a range of medical conditions, including stroke, post-surgical conditions, pulmonary disease, cancer, congestive heart failure, burns and wounds. It manages outpatient therapy programs that provide therapy services to patients with a range of medical, orthopedic and neurological conditions that may be related to work or sports injuries. It managed 132 hospital-based and satellite outpatient therapy programs, as of December 31, 2016.
Its RehabCare segment provides therapy management services primarily to nursing centers, assisted living facilities, independent living communities, home health agencies and hospice providers, allowing its customers to fulfill their continuing need for therapists on a full-time or part-time basis without the need to hire, train, and retain their own full-time staff. Its RehabCare segment provided rehabilitative services in 1,718 sites of service in 43 states, as of December 31, 2016. RehabCare provides specialized rehabilitation programs designed to meet the individual needs of the residents and patients it serves.
Nursing Center Division
The Company's nursing center division provided care through the operation of a national network of 91 nursing centers (11,568 licensed beds) and seven assisted living facilities (380 beds) located in 19 states, as of December 31, 2016. Through its nursing centers, the Company provides short-stay patients and long-stay residents with a range of medical, nursing, rehabilitative, pharmacy and routine services, including daily nutrition, social and recreational services. Its nursing center division also managed 12 hospital-based sub-acute units (461 licensed beds) in seven states, as of December 31, 2016. Seven of these units (234 licensed beds) are co-located within hospitals owned and operated by its hospital division, as of December 31, 2016. These units consisted of 20 to 50 beds, which offered skilled nursing services, provided a range of rehabilitation services, including physical, occupational, speech and ventilator or other respiratory therapy to patients recovering from a range of surgical procedures, as well as medical conditions, such as stroke and cardiac ailments, as of December 31, 2016.
Kindred Healthcare Inc
680 S 4th St
LOUISVILLE KY 40202-2407
Company Web Links
- BRIEF-Kindred healthcare reports first quarter 2017 results
- Deals of the day-Mergers and acquisitions
- Acute care provider Kindred Healthcare explores sale: sources
- BRIEF-Kindred Healthcare's CEO 2016 total compensation was about $7 mln
- BRIEF-Kindred Healthcare declares cash dividend of $0.12 per common share