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Published byBridget Lambert Modified over 10 years ago
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Gentiva Health Services, Inc.
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Forward-Looking Statements This presentation should be considered forward-looking and is subject to various risk factors and uncertainties. For more information on those risk factors, please refer to Gentiva's various filings with the Securities and Exchange Commission (SEC), including the Company’s annual report on Form 10-K. This presentation is also produced in compliance with the SEC's Regulation FD, which provides guidelines on all disclosures by publicly traded companies. The viewer or listener should not place undue reliance on forward-looking statements, which speak only as of the date indicated in this presentation. The Company is not obligated to publicly release any revisions to forward-looking statements to reflect unforeseen or other events after such date.
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Agenda Company Overview Market Drivers Financial Highlights Challenges
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Company Overview Leading U.S. provider of home healthcare and hospice services Revenue Mix * * Revenue mix calculated based on Q212 results. Average patient age Average daily census Locations Home Health Hospice States FT employees 79 85K 420 261 159 41 15K 45%55% 4
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5 AL AZ AR CA CO CT DE DC FL GA ID OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Source: Company filings. Before 2011 closing or divesting of branches. Key Home Health Locations Hospice Locations CON States Strong National Geographic Footprint 5
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M&A Growth Expect increased industry consolidation – Rate and regulatory pressures beginning to adjust seller expectations – Have seen an increase in our M&A pipeline Gentiva M&A priorities – Geographical fit with our existing business – Share same commitment to quality – Offer long-term growth opportunities Acquired Advocate Hospice in July 2012 – Quality hospice provider that compliments existing Gentiva operations – Provides geographical density in Indiana 6
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CACEP Research Study Highlights Study overview –1 st two parts of a four-part study –Focused on the best approaches for treating patients coming out of an acute care setting Key findings –Home health is cost effective setting for post- acute care Government saves $5,000 per patient when home health is first stop after acute stay 40% of patients go into home health after acute stay – but less than 30% of reimbursement –Home healthcare can help avoid preventable hospital admissions 7
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Company Overview Market Drivers Financial Highlights Challenges
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Growth in U.S. Population of 65+ 10,000 U.S. citizens become eligible for Medicare each day. This trend is expected to continue for the next 20 years. Reference: 2010 - U.S. Census Bureau. 2030 estimate - Administration on Aging, Dept. of Health & Human Services. 9
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Benefits of Home Healthcare Medicare Part A & Part B Average Payment Per Day (2) (1)Source: U.S. Census Bureau projections. (2)Source: CMS HCIS data files for 2006. Hospital data includes inpatient PPS and non-PPS. Home Health day calculated based on 60-day episode. Lower cost per day vs. hospitals and skilled nursing facilities (SNF) $1,479 $135 $303 $50 Hospice Home Health 10
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Company Overview Market Drivers Financial Highlights Challenges 11
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2012 Outlook 12 Full-Year Results Continuing Operations Net Revenues (1) (in billions) 2009$1.118 2010$1.414 2011$1.798 2012 Σ $1.800 (1) Includes Medicare rate reductions in 2011 and 2012 of 2-3% annually. Reaffirmed full-year 2012 outlook on Q212 earnings call Σ 12
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Market Position Compelling demographics Lowest cost setting and patient preferred Diversified business mix Fragmented industry Remote workforce 13
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Company Overview Market Drivers Financial Highlights Challenges
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Significant acquisition completed before first Medicare rate reduction Labor intense business model Revenue declines (rate reduction) but work/labor cost does not Communication to “mobile” workforce without company E-mail Employee centric service levels Minimize workforce disruption 15
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Responses Merge and improve acquired company benefit plans Maintain flat benefits cost per employee Print lots of paper or build internet based benefits hub In source benefits administration 16
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