Question-and-Answer Session
Operator
(Operator instructions) Management requests that in the interest of time that callers limit themselves to one question and one follow up. Our first question comes from the line of Ralph Giacobbe with Credit Suisse.
Ralph Giacobbe – Credit Suisse
Great, thanks, good morning. Actually I guess can you help us out on the organic side? The Home Health revenue is up 19%, did you say 4 percentage points was acquisition related? Is that fair?
John Potapchuk
Ralph, the episodic revenue, overall was 19%. The episodic revenue was up 29% and of that 29%, 4% was the carryover effect of acquisitions completed in 2008.
Ralph Giacobbe – Credit Suisse
Okay. Anyway to sort of break that down, price, volume? I am sorry, price – yes, price, volume.
John Potapchuk
Well if you think about and I will focus on the episodic revenue, of that 29% we are seeing, 4% relates to acquisitions, 16% relates to revenue per episode increases, and the remaining amount is volume. So that’s 8% to 9% on just same-store volume.
Ralph Giacobbe – Credit Suisse
Right, okay. Right that’s helpful. And then just a follow-up question, can you tell us what percentage of your admissions come directly from the physician office?
Tony Strange
I don’t think we’ve – I don’t think we’ve broken that down. I don’t think we’ve broken that down publicly before. But as in general comment, we’re pretty well – we’re pretty well diversified between that which comes out of a hospital, that which comes from the physician, but there is also another segment of long-term care like assisted living facilities and nursing homes, and across that spectrum we’re pretty well diversified amongst those three buckets.
Ralph Giacobbe – Credit Suisse
Okay, so think of it as somewhat kind of even percentages among those three?
Tony Strange
I don’t think we’ve given that in terms of specific percentages in the past.
Ralph Giacobbe – Credit Suisse
Okay, thank you.
Tony Strange
Thanks Ralph.
Operator
Your next question comes from the line of Darren Lehrich with Deutsche Bank.
Darren Lehrich – Deutsche Bank
Thanks. I wanted to just touch on the SG&A levels we saw this quarter and get your thoughts about where do you think you are with regard to bringing SG&A cost down as a percentage for the balance of the year. Can you just help us think about that line item in particular and whether you think there were any unusual one-time cost besides the restructuring that you’ve outlaid in the press release inside this quarter?
- To read the full transcript on Seeking Alpha, click here »
