Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Equities analysts expect LHC Group, Inc. (NASDAQ:LHCG) to post $541.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for LHC Group’s earnings, with the highest sales estimate coming in at $548.70 million and the lowest estimate coming in at $530.04 million. LHC Group posted sales of $509.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is expected to report its next quarterly earnings results on Wednesday, February 26. According to Zacks, analysts expect that LHC Group will report full-year sales of $2.09 billion for the current year, with estimates ranging from $2.08 billion to $2.10 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.23 billion, with estimates ranging from $2.19 billion to $2.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for LHC Group.
LHC Group, Inc. (NASDAQ:LHCG) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $149.80 and last traded at $149.47, with a volume of 20047 shares changing hands. The stock had previously closed at $146.64. LHCG has been the topic of several recent research reports. SunTrust Banks upped their target price on shares of LHC Group from $145 to $160 and gave the company a “buy” rating in a research report on Friday, December 6. Stephens initiated coverage on shares of LHC Group in a research report on Monday, October 21. They set an “overweight” rating and a $132 target price on the stock. Zacks Investment Research upgraded shares of LHC Group from a “hold” rating to a “buy” rating and set a $145 target price on the stock in a research report on Monday, January 6.
On Sunday, about 100 million people will turn on their televisions to catch the last game of the football season. The sport’s popularity has turned the championship matchup into a spectacle that draws more eyeballs per year than any other television event. Believe it or not, there’s something to be learned from it — even for in-home care providers. The Kansas City Chiefs and the San Francisco 49ers will face off in Miami for the 54th Super Bowl. Being in the game at all proves that what each organization is doing — from the top-down — is working. NFL organizations, after all, are no different than other organizations in industries that don’t involve helmets and shoulder pads. They thrive with top-down continuity and strong company culture. In the world home-based care, those ideals have been exemplified in the recent successes of Encompass Health (NYSE: EHC), Senior Helpers, 24 Hour Home Care and several other providers. At Encompass Health, for example, a collaboration between decisionmakers and clinicians has led to a promising Patient-Driven Groupings Model (PDGM) strategy with “team admissions.” It’s a particularly turbulent time in-home health care, so maintaining a strong company culture and team-based approach helps weather the storm.
Massachusetts-based hospice and palliative care provider Care Dimensions has created a Learning Institute to educate the public, clinicians nationwide, and their own staff about hospice and palliative care. The organization has provided public education since its inception nearly 40 years ago, but recently decided to formalize their disparate programs under a single brand. Among their goals is bringing more patients into their care earlier in their illness trajectory. “The goal of the institute is to educate and enrich and empower. We talk to health care professionals and consumers on how to respond to the evolving needs of the seriously ill patients and their families,” Lyn Skarmeas, vice president for provider relations at Care Dimensions, told Hospice News.