Advanced Search

Home Health & Hospice Week

Gentiva Has Mixed Earnings In Wake Of Investigations

Published on Tue Oct 12, 2010

Gentiva Health Services Inc.'s revenues rose while profits dropped in the latest quarter. The Atlanta-based national chain reported net income of $8.2 million on revenues of $387.8 million for the quarter ended Sept. 27. That compares to a $15.4 million profit on $281.2 million in revenues for the same period in 2009. Gentiva closed its blockbuster acquisition of hospice chain Odyssey Inc. in the quarter. "We are well on our way to creating the leading provider of home health and hospice services in America," Gentiva CEO Tony Strange says in a release. Gentiva is the last of the four publicly traded home care chains under investigation for therapy utilization to report its earnings this quarter. Probes by the U.S. Senate, Securities and Exchange Commission, and Department of Justice continue.
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in Revenue Cycle Insider
  • 6 annual AAPC-approved CEUs
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more

Other Articles in this issue of

Home Health & Hospice Week

View All