Almost Family, Inc., Q4 2008 Earnings Call Transcript

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2009-03-04 12:43:11.0

Tags: Almost Family Inc., Alliance, Industry, Call Transcript, Health Care, Earnings, Jefferies & Co., Strategy, Vertical Industries, Healthcare, Benefits, Management, Enterprise Software, Software, Human Resources, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Our first question is from the line of Art Henderson with Jefferies & Company. Please state your question.

Brian - Jefferies & Company

Hey, guys, it's is actually Brian. Congratulations on a good quarter.

William Yarmuth

Thanks, Brian.

Brian - Jefferies & Company

Bill, thank you for giving us that color on your view on the budget and all that stuff, but let me just ask you first, do you have any GAAP, or has the industry group figured out why the homecare sector was singled out in the manner that it was, particularly given Obama's campaign question to make sure that seniors have access to homecare services.

And then as a follow-up to that, what is the industry, I know, you guys have an alliance going on? What is alliance doing to justify to Medicare or to the administration, the value that you guys bring to table?

William Yarmuth

Well, first of all, it appears that a lot of the budget proposal neared a lot of what MedPac had proposed earlier in the year. So you could just go back, and kind of look at MedPac rationale, why they might have chosen to pursue the tap that they did with Home Health in the budget.

And so, relative to the actions they were going to take. First, there is the alliance for Home Health quality innovation that has been developed in particularly over the last year, and really our mission there is to try to educate and provide research on behalf of the industry to show that the benefits that it offers for the health care delivery system and we will continue to due that.

Relative to the budget proposal, we would look to the National Association of Home Care to lead the efforts as it relates to the proposal. And we will support them. And I think that what we will see is a meaningful grass root groundswell of people in the industry and people who exploit the industry to try to demonstrate its importance and communicate its importance to members of congress.

I think that will be vigorous, and I think we will all work together following the lead of the National Association of Home Caring, and relative to its real value. And demonstrating its real value a value, we have always sort of recommend that any member of congress calls some Home Health later in their district and go see a patient and see the care that we are providing in a level and quality of care and the skills that are being provided to people in their home. And I think once they see that, they will understand that that the President's proposal is not well founded.

 

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