Health

Amedisys posted a 63% loss in the second quarter

Amedisys’ net income fell 63% to $29.6 million in the second quarter, after a 36% loss in the previous three months, the company said on Wednesday.

During an earnings call on Thursday, President and CEO Chris Gerard attributed the negative results to fewer home hospital discharges, staffing shortages and the ongoing COVID-19 pandemic.

In the first two quarters, the Baton Rouge, Louisiana-based health care provider and hospice provider’s net income fell 53% to $61.3 million, according to the income statement.

The widespread availability of telehealth services caused by the pandemic has led to fewer calls for home health care services, Gerard said.

In the second quarter, Amedisys partnered with Memorial Hermann Health System in Houston and Baylor Scott and White Health in Dallas through Contessa, a home healthcare provider it acquired last year. The relationship is expected to be in place by the end of the year, Gerard said.

“We are confident that Contessa will continue to make significant progress with more partnerships as we close the second half of the year, with both health systems and health plans,” Gerard said.


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