[Under the new agreement Amedisys will receive payment on a per visit basis. Previously, Amedisys was reimbursed on an episodic basis]
Online PR News – 17-October-2012 – Las Vegas, NV – Amedisys, Inc. (NASDAQ: AMED) Humana Inc. (NYSE: HUM) AMED, recently has signed a new agreement with HUM to provide home health services. Under the new agreement Amedisys will receive payment on a per visit basis. Previously, Amedisys was reimbursed on an episodic basis. While the agreement is national in scope, not all markets served under the former agreement may be served under the new agreement. Revenue earned from Humana has been approximately $65-$70 million on an annualized basis, and we anticipate the new agreement will generate revenue levels of approximately half this amount. Revenue will be impacted beginning in the fourth quarter of 2012; however, the full impact will not occur until 2013. Amedisys, Inc. (NASDAQ: AMED) is a leading health care at home company delivering personalized home health and hospice care to more than 360,000 patients each year. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based recovery and rehabilitation after an operation or injury, care focused on empowering them to manage a chronic disease, palliative care for those with a terminal illness, or hospice care at the end of life. The Company's state-of-the-art advanced chronic care management programs and leading-edge technology enables it to deliver quality care based upon the latest evidence-based best practices. Amedisys is a recognized innovator, being one of the first in the industry to equip its clinicians with point-of-care laptop technology and referring physicians with an internet portal that enables real-time coordination of patient care seamlessly. Amedisys also has the industry's first-ever nationwide Care Transitions program, designed to reduce unnecessary hospital readmissions through patient and caregiver health coaching and care coordination, which starts in the hospital and continues throughout completion of the patient's home health plan of care. For more information about the Company, please visit www.amedisys.com. Humana Inc. (NYSE: HUM), headquartered in Louisville, Ky., is one of the nations largest health and supplemental benefits companies. For more information about Humana Inc. please visit www.humana.com.
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