CMS outlined the reduction in the Home Health Prospective Payment Systems Rate Update released on Nov. 3. While CMS has not issued definitive guidance, LHC Group is adjusting for rate cuts that will impact the fourth quarter of 2010.
The company has reaffirmed the 2010 full year net service revenue in the range of $625 million to $635 million.
Read the LHC Group release on the new outlook.
Read other coverage on LHC Group:
– LHC Group Promotes Donald Stelly to President and COO
– LHC Group Joint Ventures With Kentucky Hospital, Acquires Two Other Facilities
– 4 Best Practices for Successful ACO Homecare Nurses
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