Addus Achieves Rate Increases In 2 States
Reimbursement rate increases in key states led to a positive outlook from leaders at Addus HomeCare Corporation (Nasdaq: ADUS).
Two states where Addus operates, Texas and Illinois, have announced rate increases for personal care services. The Texas rate increase was effective on October, while the Illinois rate increase will be effective January.
"We believe the Illinois and Texas rate increases, as well as favorable reimbursement support from many of the states in which we operate is due to the recognition of the value that personal care services provide to both state Medicaid programs and managed care partners through a reduction in the overall cost of care,"
said CEO Dirk Allison on Tuesday during Addus’ third quarter earnings call.
Author summary: Addus HomeCare sees positive outlook.
More News
- Gov. Wes Moore starts Maryland redistricting efforts amid national voter map battle
- Robert Irwin ignites Paso Doble | TV Tonight
- Vintage Blakeman – your man in NYC
- Election roundup: Robinson, Carroll, Cantey, Thomas reelected to Lumberton City Council | Robesonian
- McPhaul edges out Kerr for Gainesville school board seat
- Mamdani prevails in New York City mayoral race
- Queen City Con: The cybersecurity conference that ignites hands-on learning - NKyTribune
- Democrats pick up seats in both Suffolk and Nassau legislatures
- Filmmaker Mira Nair’s Son Zohran Mamdani Makes History as New York City’s Youngest and First Muslim & South Asian Mayor –
- Vihari Ross: A generational cycle is starting, and investors are still on the sidelines