Segment Data

3 Months Ended

Mar. 31, 2014

Segment Data

Segment Data

2. Segment Data

The Company has two reportable segments, VN and Personal Care (PC), which operate locations in Florida, Ohio, Tennessee, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Pennsylvania, Georgia, Missouri, Illinois, Mississippi and Alabama.  Reportable segments have been identified based upon how management has organized the business by services provided to customers and the criteria in ASC 280, Segment Reporting.  The Company does not allocate certain expenses to the reportable segments.  These expenses are included in corporate expenses.

The VN segment provides skilled medical services in patients’ homes largely to enable recipients to reduce or avoid periods of hospitalization and/or nursing home care.  Approximately 90% of the VN segment revenues are generated from the Medicare program while the balance is generated from Medicaid and private insurance programs.  VN Medicare revenues include revenues from all Medicare sources including traditional Medicare and Medicare Advantage, whether paid on a per episode basis or a per visit basis.

The PC segment services are also provided in patients’ homes. These services (generally provided by paraprofessional staff such as home health aides) are generally of a custodial rather than skilled nature.  PC revenues are generated on an hourly basis.  Approximately 71% of the PC segment revenues are generated from Medicaid and other government programs while the balance is generated from insurance programs and private pay patients.

	Three Months Ended March 31,
	2014			2013
Net service revenues:
Visiting Nurse	$	95,756		$	66,551
Personal Care	24,276			18,902
	120,032			85,453
Operating income before corporate expenses:
Visiting Nurse	9,507			8,337
Personal Care	2,524			1,998
	12,031			10,335
Deal and transition costs	3,115			11
Corporate expenses	6,598			5,046
Operating income	2,318			5,278
Interest expense, net	(347		)	(18		)
Income tax expense	(817		)	(1,950		)
Net income from continuing operations	$	1,154		$	3,310