Amedisys Inc. earnings are down, but CEO William Borne says figures would have been worse if the Baton Rouge, La.-based chain hadn’t reduced operating expenses. The company said in June it was unloading or consolidating 50 locations (see Eli’s HCW, Vol. XXII, No. 20).
The for-profit chain reports net income of $1.8 million on revenues of $313.1 million for the quarter ended June 30, compared to a $7.9 million profit on $363.1 million in revenues for the same period in 2012. Sequestration reductions, costs associated with investigations, and lower volume all contributed to the decrease, Amedisys says.
