R. Allison
Financial Brad our Operating today Third Earnings morning, Dru. Chief Call. Good XXXX and Officer. With you, me Bickham, Chief Brian our and are Quarter and welcome our to President Poff, Thank Officer;
comments, the I earnings each on more few with our detail. results in will third discuss As Brian a then we calls, will and begin quarter do of overall
X of happy any to questions. the to Following be would respond us comments, our
comments than CMS I and date proposed bring the status our take you the the turn the of want those array final before of part continues the overwhelmingly rescind of to on to The that payment to At proposal XX% direct proposed the time, agencies, to comments go Rule. results, wages. I the requiring this Before of issuing administration rule to the called submitted up to CMS Medicaid to X,XXX rule. to more a Medicaid a the from discussion for Access CMS, state broad of a submitted moment Medicaid providers caregiver including review
to the on the of quarter XX% we subcommittee final believe Commerce held late sometime on mandates are we first of cite increasing it. be States, from including and rescind along one-size-fits-all challenges or to hearing for published to Energy the beneficiaries likelihood of XXXX. in have week.
Based with the support of the Health rule from early the the in received reasons care submitted calls Similar the and generally for the the call data both comments to XX% of lack as feedback rescind Medicaid the last House coming the others inherent the rule, Congress, who to part mandate second Wednesday quarter a proposed to approach access industry sources, may
most rule finalized on the final or that challenge to we expect would if as rule, however, volume an We While more of may letters do, not currently rule the a have to be legal the and likely visibility have impact on proposed, do states. whether substance subject comment it proposed the one changed. the is be as materially will
withstand might begin or be a therefore, extended the implementation implemented as are these implementation period when proposed the there to and unknowns many important rule challenge. proposed remind around longer impact were time. if rule Among period issued, it the its when you full that know year and legal a proposed our unknowns, final operations to ultimate not for and be on It period will is of even do proposed we will be if
and efforts dedication active without team to I results our possible third the rule.
Yesterday, quality of hard thank be of financial results you This continue Our announced to will team, to be highlight to the employees for they our affect home. issue each provide of to we These changes work quarter care performance on not to our continued XXXX. our by continue this as want the attempt are strong would and as performance all appreciated. say to your any in clients Addus. member final patients we
the compared of to for share of $X.XX, total $XXX.X earnings to per the increase for of of resulted revenue million third for was an million, XXXX As third XX.X%. growth quarter XXXX. an of announced, revenue increase we earnings This compared $XXX.X adjusted as XXXX third quarter $X.XX in of share the as per our adjusted XX.X% of quarter
third the EBITDA XXXX. $XX.X adjusted was Our increase quarter of an of XX% of over million
see strong our million we of quarter cash as along to us reduce allowed balance with to at continued our while has the balance payers flow, and a in sheet cash management quarter. strong a operations manner. cash approximately the of continued timely from continued third This During the pay end states of XXXX, our have $XX other debt maintaining flow to of
next markets. growth to plans to opportunities Our over capacity to be with anticipate additional operations seeing align opportunistic home-based financial overall gives our levels It use quarters. coming of the all offering acquire to acquisition flexibility strategic us as remains that our low leverage several strategy in of the market X financial we our our care
to continued to care personal pertains labor During our the third it improving segment. we environment, as see an especially quarter,
hires year. experienced business XXXX, day, per care per quarter we business XX from solid of hires During quarter hiring up of in second third with personal the the day XX this
to our business per improvement In we addition to hiring our see in strong continue day. numbers, starts
to remain our our consumers care in quarters to home few growth growth actually hospice hires is these in our Hiring it's challenging more in improved, a rates more than clinical caring certain segment in challenge the -- also personal sure hires, those important personal and in but contributor markets care. a our segment, in markets. health While care making past has start key increase impacting with urban our difficult does for our
have Act from million, we those quarter $XX American quarters, with prior we care to and additional ARPA. which the we To date, received have retention services the $X.X of fourth as or in $XX of in remaining Plan deploy we future the ARPA receiving Rescue continue have the delivery approximately anticipate personal we utilize this funding in year. million We support funding As caregiver million we an have funds. help should continue to remaining the beginning to utilize. received been recruitment our the and in These of funds helpful efforts efforts to
our overall in market segment, and the in the largely of states have caregiver reimbursements service increase and through ARPA caregivers the retention of services retention our application enhanced care Illinois recruitment utilizing are training the receive in, to and addition caregiver recent largest funds for caregivers, funds direct we caregiver we continued experience of care also our implementation help utilizing effective rate quarter. majority for delivery.
In the most with our In to personal personal the improve we of our operate to that the development our will believe second of
the While to of negotiating be and aspects pressures, few over wage anticipate help we with agreements. mitigate access will union additional reimbursement collective quarters markets, of to we future care partners in increases our update our our enhance next to to certain bargaining
contribution appropriately that of we to rising we margin offset are see we see enhancements, compensated inflation overall in those volume margin from the Illinois anticipate in and will in care be caregivers work increase our impact negotiations expect by markets. certain increases slightly costs percentage lower may a as in that these Given from levels gross our these in onetime may segment near-term rate personal benefit The markets. we of result lower
final We home await on the of continue the to the for XXXX. release rate health rule
neutrality that in the over are years the expenses the received take that several past over past by and proposed calculating questionable cuts. budget months has rate or increase the in decrease surrounding consideration We rate home methodology feedback have few CMS behavioral aspects adjustment listened assumption and the health not providers used wages experienced proposed hopeful the and is into the adequately CMS to extensive
While of X.X%. original X.X% increase the currently proposed a finalized the X, was rule rate only with October cut proposed reimbursement home of hospice overall which during is rate over the effective rate is rule, the increase an health improvement XXXX, third quarter an hospice
the We some the improvement proposed home we will incremental the the which reduction in health reflect rule in our final home increased rate publication optimistic appropriately will more costs. health coming of with are days, cautiously that see
few next growth. continue home for are over believe years. as that we However, acquisition are such, likely pressures to as to health stated health strategic reimbursement to these Medicare opportunities moderate overall the our we we traditional And that look home before, will near-term
our for me discuss Now same-store growth quarter of let XXXX. the revenue third
our For quarter when same-store segment, the XX.X% XXXX. was care third revenue compared of personal to growth our
During quarterly and grow the slightly day X.X% in over care hours period business third XXXX, up the quarter sequential saw of per a personal same-store we XXXX same basis. on
contributing We are strong growth excited to sequential scheduling to improvement over past hiring our taking hold the our initiatives quarters. and several see and our various
compared operations. hospice quarter same-store clinical revenue in third to our the XXXX. when Turning X.X% increased to
an same-store XXXX, we ADC ADC X% quarter basically in same-store was last of quarter. when of to flat our compared over While the see third did increase
continued we patients see public to as length end quarter, following from the residing of an third increasing the we stay skilled the in emergency. anticipated During facilities nursing of health
was recently of Care acquired end of Care As hospice Journey our exclusive Tennessee length days, quarter, third the our of of stay Quality and medium operations. the XX
it comparison patients in our as due purposes, stay Journey our proportion Chicago excluded length area. have units to higher we inpatient operations of a of For the shorter Care historically has
continuing fourth volumes continue by admissions hospice those anticipate the the sequential in census and improvement We segment favorable our in into steady trends encouraged be and to quarter.
segment health the XXXX as do that we our reduce over same home cost. to currently adequate rates same-store payers in us to continued from not cover reimburse decreased quarter X.X% admissions Our revenue
see intentionally these see in volume incremental of we home as did admissions pricing result due contract lower Medicare we health primarily sequential in a of success staffing. limiting increase admissions and While nonstrategic X.X% plans, Advantage some clinical from to improvements did a
to a contract an in increase quarter rate of our limited While have rate XXXX. in of to third admissions of seen the the XXXX we in episodic overall third due XX% going XX% from we quarter rates, certain admission have
improvement episodic health the our third to our XX.X% seen XX.X% have quarter increase XXXX. we this of compared year to of gross in quarter third admission margin in an in home the With rate, in
our by continuum models personal to provide us and full We care. care our health home home-based allowing the services, operation complements value-based services as where in particularly we clinical excited it about participate both remain contracting our hospice of
in opportunities that strategic past personal home each the limited the both Over months, to we of reimbursement have continued to exists uncertainty due care few in segments. and see health these
will that we around opportunities that acquisition increasing more see these have meet our these clarity issues, strategic will particular believe objectives. start As to in we segments we
We is building density an overall This are the all acquisition, in strategically with within Care important levels which states. pleased squarely example that of strategy of our Tennessee X Quality operations of acquisition state of home fits has in strengthened type our Tennessee. providing and our of extremely the care
and most for results room the to have past mature in payers cost you at we material efforts, participate to have we our value-based care as agreements, that in the reduction effectiveness of members visits which in a been reduce the As value-based in were emergency programs. been that now our quarters readmitted data our well have both demonstrate care XX-day care overall several we percentage as at various helping our patients most improve to hospital of We are for a of value-based to our for gathering -- XX- intervals. able both and telling
HEDIS we've identify clinical In ability for to and as relating of care provide our changes scores skilled the to care with our been patient needed closure conditions services the success able care We these to help is both to and due to patients. specific gaps interventions. of believe improvement addition, resources personal and nonclinical
the related and years of accelerate couple our should strategies scale an this the value-based programs. of of resources. next give These as operation in investments opportunity part our during invest value-based revenue growth technology to continue increase We us we from our to
medical various quality them Addus using overall reduce of payers cost-effective as providing conversations Advantage and be We that improve of overall in part with loss can will their our members can part to care be care this showing information programs. by how ratio a significantly the participating members received of our Medicare the
care. can to we expand states With value-based now continue add contracts of Tennessee recent We Care, us these X the in well home of levels where addition believe markets. this we offer positions our have and to Quality all X coverage
Brian. the dedicated that, and will favorable and support caregivers so for quarter, our of elderly the opportunity proud As for clients, patients they question industry their are to patients. and There's continue providing that incredibly our believe cost-effective our operations and to to call majority of turn appreciate in of value care. be so I'm of receive home-based dependent disabled I places the say let me no team clients company. is our our We care growth care and and are consumers their receive awareness a outstanding one the the safest each care of heightened to understand remains most homes and patients on this worked hard and who our want to to We providing families.
With care for the which that over our and growth