LHC Group, Inc. (NASDAQ: LHCG) had lots to boast about Tuesday morning, particularly, word that the Lafayette, La.-based firm continues to produce industry-leading quality and patient satisfaction scores, beating national averages and posting the largest quarter-to-quarter increase in average quality star rating among its peers – according to the latest Centers for Medicare and Medicaid Services (CMS) Five-Star Quality Rating System results released in October.
In evaluating the Q3 scores, Jefferies Group LLC – a New York-based global investment bank and institutional securities firm that provides financial advisory services – separated LHC Group’s results based on its previous standalone businesses from its pro forma star ratings based on the April 2018 merger with Almost Family (AFAM).
LHC Group, excluding Almost Family providers, achieved a score of 4.52 in the quality category to lead industry peers (an improvement over its 4.48 score in the previous report). Excluding other recently acquired providers, LHC Group’s quality score was 4.74.
This score significantly outperformed a national average of 3.28 for the quarter. In the patient satisfaction category, LHC Group providers scored at 4.20 – also tops among its peers and a favorable comparison to a national average of 3.48.
LHC provides quality, value-based healthcare to patients primarily within the comfort and privacy of their home or place of residence. LHC Group’s services cover a wide range of health-care needs for patients and families dealing with illness, injury, or chronic conditions.
LHCG stock gave up 32 cents to $98.77
