Home Health & Hospice Week

Industry Notes

For-profit hospice chain Odyssey Inc.'s earnings are on the upswing.

The Dallas-based national chain's admission volume helped reduce the company's Medicare cap adjustment, said CEO Robert Lefton in a release. Odyssey also reduced its claims subject to additional development requests (ADRs), he said.

Odyssey reported net income of $13.7 million on revenues of $171.5 million for the quarter ended March 31. That's compared to an $8.9 million profit on revenues of $167.5 million for the same time period in 2009.

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