Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2025

Revenue Recognition [Abstract]

Schedule Of Patient Care Service Revenue

The composition of patient care service revenue by payor and level of care for the quarter ended September 30, 2025 is as follows (in thousands):

	Medicare		Medicaid		Commercial		Total
Routine home care	$	341,571	$	11,604	$	9,230	$	362,405
Inpatient care		28,374		2,318		2,407		33,099
Continuous care		18,379		603		964		19,946
	$	388,324	$	14,525	$	12,601	$	415,450
All other revenue - self-pay, respite care, etc.								5,807
Subtotal							$	421,257
Medicare cap adjustment								(6,086)
Implicit price concessions								(3,571)
Room and board, net								(3,859)
Net revenue							$	407,741

The composition of patient care service revenue by payor and level of care for the quarter ended September 30, 2024 is as follows (in thousands):

	Medicare		Medicaid		Commercial		Total
Routine home care	$	319,151	$	12,013	$	7,180	$	338,344
Inpatient care		25,647		2,111		2,165		29,923
Continuous care		23,657		942		1,200		25,799
	$	368,455	$	15,066	$	10,545	$	394,066
All other revenue - self-pay, respite care, etc.								5,082
Subtotal							$	399,148
Medicare cap adjustment								(2,239)
Implicit price concessions								(2,167)
Room and board, net								(3,336)
Net revenue							$	391,406

The composition of patient care service revenue by payor and level of care for the nine months ended September 30, 2025 is as follows (in thousands):

	Medicare		Medicaid		Commercial		Total
Routine home care	$	1,012,360	$	33,915	$	25,739	$	1,072,014
Inpatient care		86,716		6,482		6,947		100,145
Continuous care		63,158		1,982		3,082		68,222
	$	1,162,234	$	42,379	$	35,768	$	1,240,381
All other revenue - self-pay, respite care, etc.								16,898
Subtotal							$	1,257,279
Medicare cap adjustment								(24,786)
Implicit price concessions								(9,875)
Room and board, net								(11,277)
Net revenue							$	1,211,341

‎

The composition of patient care service revenue by payor and level of care for the nine months ended September 30, 2024 is as follows (in thousands):

	Medicare		Medicaid		Commercial		Total
Routine home care	$	911,197	$	36,691	$	20,093	$	967,981
Inpatient care		76,905		6,740		5,652		89,297
Continuous care		68,649		2,588		3,058		74,295
	$	1,056,751	$	46,019	$	28,803	$	1,131,573
All other revenue - self-pay, respite care, etc.								13,900
Subtotal							$	1,145,473
Medicare cap adjustment								(5,989)
Implicit price concessions								(10,077)
Room and board, net								(9,437)
Net revenue							$	1,119,970

Schedule Of Disaggregated Revenue

The composition of disaggregated revenue for the third quarter is as follows (in thousands):

	September 30,
	2025		2024
Drain cleaning	$	55,454	$	56,049
Plumbing		45,753		43,471
Excavation		57,102		53,935
Other		220		218
Subtotal - short term core		158,529		153,673
Water restoration		45,196		42,412
Independent contractors		16,871		17,698
Franchisee fees		1,433		1,454
Other		4,449		5,408
Gross revenue		226,478		220,645
Implicit price concessions and credit memos		(9,319)		(5,870)
Net revenue	$	217,159	$	214,775

‎

The composition of disaggregated revenue for the first nine months is as follows (in thousands):

	September 30,
	2025		2024
Drain cleaning	$	170,553	$	175,535
Plumbing		137,097		137,614
Excavation		177,833		168,266
Other		595		665
Subtotal - short term core		486,078		482,080
Water restoration		149,183		131,867
Independent contractors		52,682		55,569
Franchisee fees		4,262		4,344
Other		14,127		17,287
Gross revenue		706,332		691,147
Implicit price concessions and credit memos		(27,032)		(19,823)
Net revenue	$	679,300	$	671,324