you, Good afternoon Diversicare's earnings quarter third Chris. and joining Thank call. XXXX thank you for
investigation, on other filings and to As you in our we no to outstanding material our principle. government documentation to continue saw we today, update the process than have say release through our in work related agreement
relating As our the required forms Tenncare and industry, as governmental preadmission before care we've subject by forms required and are program. the practices to Medicare unresolved noted therapy case by to in we our the investigations evaluation with others into PASRR is our practices,
settlements have material and accrual changes to total $X.X still Our million, tentative plan to is related been no matter government payment or there the the terms. other
As conditional a that made the is be that to $XXX,XXX will agreement of agreement when integrity five the an to finalized, for a it initial same planning over thereafter. It's X-year be the subject years expected reminder, for period. corporate payments payment calls
of the resolved see terms factors updated other including and risk for the upon settlement. of ask and that We the you finalization please matters today's complete explanation in that SEC an details, our the investigation further XX-Q disclosures will and of filings the settlement under with be
third consideration we cost our effective completing the and into developing jurisdictions of the taken which challenges to in that exit on shared direction. have factors strategic we our been Kentucky August our from in the anticipate XX. before, a last shared continued that highest per quarter, state potential did call industry operating some the We facing our country. have in in certain we other These we have As bed and of have professional liability and exposure had
majority have our line statements We recognized. of provide of provided our the expect going We book cost this our how was reflect through for to exit into Kentucky us. financial changing business insight of continue the and been forward that forma but some down state after our year, calendar pro
working filed exit, schedule In state. summary detail separates addition, Form and XXXX that for as operations. we the XXXX EBITDA this net we we a and provide X-K not income, continuing afternoon exit on did much discontinued were to to to operations the our that Prior quarters from provides EBITDAR why
centers opportunity Many numerous received questions add way with about We've over portfolio company's our of time. the back that to had and beginning we’ve the it. Kentucky the to Diversicare to all
some patients there local the residents. of with were Our and and best the teams state great wonderful leadership in
decision to the us, For risk came management. down
modest our bed cost attempted of best XXXX. the review statute. to and in we our in down risk reform course any that law state in with little But country, of court Kentucky's by some enact the reform, tort that panel struck state highest legislature supreme XXXX action passage the of and the reduce tort a liability determined hope With per the to medical was of was professional state. of exit
for this thank smooth completed end NASDAQ our OTCQX the transition one at to We'd of exchange. very the us. Also like team we a OTC the August, transition from making to for
to filings work their on remain press our appeals in and releases, efforts were exchange. As through with we our shared the but on NASDAQ, process SEC unsuccessful we
and remain in symbol the ticker Our done will still as past. the follow we SEC same we’ve requirements reporting the
supplementary operations million from for continuing continuing better under we the for $X.X compared a Form To year-ago operations of SEC with net today. realized provided we a quarter, million the loss quarter. third information X-K the to loss $X.X financial prior demonstrate For periods, net of
EBITDA third is the as information. of amount we to year's are for for to year-over-year continuing only last measure for of compared comparison continuing million making provide the a operations million valuation and was supplementary quarter shown clarity $XX EBITDAR $XX.X operations. on us, quarter a the Adjusted Slide X to our
quarter's Our $XXX of same-store primarily was patients. quarter stay Kerry occupancy his $XXX.X skilled a quarter. our result for results revenue of Revenue shorter as the will for more million comments. about for provide year-ago length decreased details the to compared million decreased the in and
occupancy skilled beds for XX.X% also down was XX% XX.X% available total with XX.X%. from to Year-over-year, from to mix down
$X.XX $X.XX, care rates decreased year-over-year rates Medicaid slightly managed while increased by and $X.XX. and Medicare respectively, quarterly by Our
There into a payment in on the PDPM CMS's clients hiccups we're that change. X, team and to effect of The have system the the ready. our been did good implementation was test other of and but for October industry processing for long-term went some ready of rollout happy guide, getting care report Medicare job
cautiously we October that the new expect slightly the effective are space, payment revenue X. increase methodology and others change will of our this market because our about increase Like basket optimistic and in coinciding
of to needs the with much of patients the our philosophy line and delivering PDPM methodology. overall in Our very care residents is
will With some our financial the Kerry over statements. that, remarks I turn for call specific to on
