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Significant Payors (Tables)
12 Months Ended
Dec. 31, 2023
Significant Payors [Abstract]  
Schedule of Revenue by Payor Type

For 2023, 2022 and 2021, the Company’s revenue by payor type was as follows:

 

 

 

Personal Care

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

State, local and other governmental programs

 

$

400,753

 

 

 

50.4

 

%

 

$

348,234

 

 

 

49.3

 

%

 

$

338,325

 

 

 

49.3

 

%

Managed care organizations

 

 

367,557

 

 

 

46.2

 

 

 

 

326,778

 

 

 

46.3

 

 

 

 

311,801

 

 

 

45.5

 

 

Private pay

 

 

16,268

 

 

 

2.0

 

 

 

 

18,301

 

 

 

2.6

 

 

 

 

19,991

 

 

 

2.9

 

 

Commercial insurance

 

 

6,321

 

 

 

0.8

 

 

 

 

7,689

 

 

 

1.1

 

 

 

 

9,820

 

 

 

1.4

 

 

Other

 

 

3,819

 

 

 

0.6

 

 

 

 

5,505

 

 

 

0.7

 

 

 

 

5,917

 

 

 

0.9

 

 

Total personal care segment net service revenues

 

$

794,718

 

 

 

100.0

 

%

 

$

706,507

 

 

 

100.0

 

%

 

$

685,854

 

 

 

100.0

 

%

 

 

 

Hospice

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

Medicare

 

$

186,317

 

 

 

89.9

 

%

 

$

183,407

 

 

 

90.9

 

%

 

$

142,086

 

 

 

93.3

 

%

Managed care organizations

 

 

7,037

 

 

 

3.4

 

 

 

 

7,353

 

 

 

3.6

 

 

 

 

5,664

 

 

 

3.7

 

 

Other

 

 

13,801

 

 

 

6.7

 

 

 

 

11,012

 

 

 

5.5

 

 

 

 

4,503

 

 

 

3.0

 

 

Total hospice segment net service revenues

 

$

207,155

 

 

 

100.0

 

%

 

$

201,772

 

 

 

100.0

 

%

 

$

152,253

 

 

 

100.0

 

%

 

 

 

Home Health

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

Medicare

 

$

41,078

 

 

 

72.3

 

%

 

$

31,505

 

 

 

73.5

 

%

 

$

20,700

 

 

 

78.4

 

%

Managed care organizations

 

 

12,613

 

 

 

22.2

 

 

 

 

8,698

 

 

 

20.3

 

 

 

 

4,457

 

 

 

16.9

 

 

Other

 

 

3,087

 

 

 

5.5

 

 

 

 

2,638

 

 

 

6.2

 

 

 

 

1,235

 

 

 

4.7

 

 

Total home health segment net service revenues

 

$

56,778

 

 

 

100.0

 

%

 

$

42,841

 

 

 

100.0

 

%

 

$

26,392

 

 

 

100.0

 

%

Schedule of Revenue by Geographic Location

The Company derives a significant amount of its revenue from its operations in Illinois, New Mexico and New York. The percentages of segment revenue for each of these significant states for 2023, 2022 and 2021 were as follows:

 

 

 

Personal Care

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of
Segment
Net
Service
Revenues

 

 

Illinois

 

$

411,081

 

 

 

51.7

 

%

 

$

360,778

 

 

 

51.1

 

%

 

$

328,619

 

 

 

47.9

 

%

New York

 

 

92,469

 

 

 

11.6

 

 

 

 

86,592

 

 

 

12.3

 

 

 

 

99,732

 

 

 

14.5

 

 

New Mexico

 

 

115,986

 

 

 

14.6

 

 

 

 

105,315

 

 

 

14.9

 

 

 

 

97,784

 

 

 

14.3

 

 

All other states

 

 

175,182

 

 

 

22.1

 

 

 

 

153,822

 

 

 

21.7

 

 

 

 

159,719

 

 

 

23.3

 

 

Total personal care segment net service revenues

 

$

794,718

 

 

 

100.0

 

%

 

$

706,507

 

 

 

100.0

 

%

 

$

685,854

 

 

 

100.0

 

%

 

 

 

Hospice

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

Ohio

 

$

74,871

 

 

 

36.1

 

%

 

$

70,503

 

 

 

35.0

 

%

 

$

61,415

 

 

 

40.3

 

%

New Mexico

 

 

30,782

 

 

 

14.9

 

 

 

 

30,722

 

 

 

15.2

 

 

 

 

36,063

 

 

 

23.7

 

 

Illinois

 

 

47,247

 

 

 

22.8

 

 

 

 

47,181

 

 

 

23.4

 

 

 

 

 

 

 

 

 

All other states

 

 

54,255

 

 

 

26.2

 

 

 

 

53,366

 

 

 

26.4

 

 

 

 

54,775

 

 

 

36.0

 

 

Total hospice segment net service revenues

 

$

207,155

 

 

 

100.0

 

%

 

$

201,772

 

 

 

100.0

 

%

 

$

152,253

 

 

 

100.0

 

%

 

With the acquisition of JourneyCare in 2022, the Company expanded its hospice services to patients in the state of Illinois.

 

 

 

Home Health

 

 

 

 

For the Years Ended December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

2021

 

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

 

Amount
(in Thousands)

 

 

% of Segment
Net Service
Revenues

 

 

New Mexico

 

$

32,949

 

 

 

58.0

 

%

 

$

34,111

 

 

 

79.6

 

%

 

$

24,735

 

 

 

93.7

 

%

Illinois

 

 

12,851

 

 

 

22.6

 

 

 

 

8,730

 

 

 

20.4

 

 

 

 

1,657

 

 

 

6.3

 

 

Tennessee

 

 

10,978

 

 

 

19.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total home health segment net service revenues

 

$

56,778

 

 

 

100.0

 

%

 

$

42,841

 

 

 

100.0

 

%

 

$

26,392

 

 

 

100.0

 

%