Diversicare Healthcare Services Inc's Business Segments
Diversicare Healthcare Services Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Diversicare Healthcare Services Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Medicaid47%
- Private Pay and Other23.3%
- Medicare16.7%
- Managed Care11%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Medicaid | $ 56 | 47% |
| Private Pay and Other | $ 27 | 23.3% |
| Medicare | $ 20 | 16.7% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Diversicare Healthcare Services Inc
is a leading provider of post-acute services, including skilled nursing, rehabilitation therapy, and home health and hospice services.
The company operates 64 facilities in nine states, with headquarters in Brentwood, Tennessee.
Diversicare's skilled nursing facilities provide care for patients with complex medical needs, including short-term rehabilitation following hospitalization, long-term skilled nursing care, and memory care for patients with dementia or Alzheimer's disease.
The company's rehabilitation therapy services include physical, occupational, and speech therapy, and are provided both in the skilled nursing facilities and in patients' homes.
Diversicare's home health and hospice services provide in-home care and support for patients recovering from illnesses or injuries, or for those with chronic conditions who require ongoing care.
These services include skilled nursing, physical and occupational therapy, medical social work, and hospice care.
In addition to its core post-acute services, Diversicare also offers consulting and management services to healthcare facilities seeking to improve their operations and clinical outcomes.
The company's consulting services include clinical documentation improvement, coding and reimbursement optimization, and regulatory compliance.
Diversicare's mission is to improve the quality of life for patients and their families through high-quality, compassionate care.
The company values innovation, teamwork, respect, and excellence in all aspects of its operations, and is committed to staying at the forefront of advances in healthcare technology and practice.
Segments:
1. Nursing Centers:
Diversicare operates a network of skilled nursing facilities across the country, catering primarily to elderly patients who require long-term care. These nursing centers employ teams of skilled nursing professionals equipped to provide medical and personal care. In addition to long-term care, these facilities offer short-term rehabilitation services, which include:
- Physical Therapy: Programs designed to aid patients in recovering mobility post-surgery or injury.
- Occupational Therapy: Services focused on helping individuals regain the skills needed for daily living and working.
- Speech Therapy: Specialized therapy to address communication and swallowing disorders.
2. Transitional Care Centers:
This segment emphasizes rehabilitation services for patients transitioning from acute hospital care back to their homes or lower levels of care. Transitional Care Centers provide:
- Wound Care Management: Targeted treatment for patients with complex or chronic wounds.
- Pulmonary Rehabilitation: Programs aimed at improving the physical and emotional well-being of patients with chronic respiratory conditions.
- Cardiac Rehabilitation: Support services that assist patients recovering from heart surgery or events, focusing on lifestyle changes and physical exercise programs.
3. Assisted Living:
Diversicares assisted living facilities accommodate elderly individuals who require varying degrees of assistance with activities of daily living (ADLs). These centers provide:
- Housing: Comfortable living arrangements that promote independence.
- Meal Services: Balanced meal programs tailored to dietary needs.
- Personal Care Assistance: Help with bathing, dressing, medication management, and other daily activities.
4. Independent Living:
This segment offers lifestyle options for seniors capable of managing their daily activities but who may benefit from some amenities and support. Independent living options typically include:
- Private Apartments/Cottages: Safe and secure living environments with various features based on residents preferences.
- Community Engagement: Opportunities for social interaction and organized activities designed to foster a sense of community.
5. Home Health Services:
Diversicare provides home health care services designed for patients who wish to receive care in their own homes. This segment includes:
- Periodic Check-ups: Regular evaluations by healthcare professionals to monitor patient health.
- Assistance with ADLs: Support in essential daily functions, promoting a higher quality of life.
Products and Services:
1. Skilled Nursing Services:
The core offering across Diversicares skilled nursing centers includes a comprehensive array of medical, nursing, and rehabilitative services provided by carefully trained professionals.
2. Rehabilitation Services:
Diversicare specializes in offering rehabilitation programs that ensure patients receive necessary therapies as they recover from injuries, surgeries, or illnesses. Services include:
- Physical Therapy
- Occupational Therapy
- Speech Therapy
These rehabilitation services play a critical role in helping patients regain independence and improve their quality of life.
3. Transportation Services:
To ensure patients can access essential medical appointments and social outings, Diversicare provides transportation services tailored to the needs of patients residing in their nursing centers.
4. Medical Management Services:
Diversicare focuses on holistic patient care through its medical management services, which include:
- Treatment Coordination: Ensuring continuity of care among various healthcare providers.
- Medication Management: Oversight and assistance with prescribed medications to enhance patient safety and compliance.
5. Specialty Programs:
Diversicare offers a variety of specialty programs tailored to complex patient needs. These include:
- Ventilator Care: Specialized services for patients dependent on mechanical ventilation.
- Wound Care Management: Advanced interventions for patients with challenging wound conditions.
6. Independent Living Services:
In their independent living facilities, Diversicare provides essential services that enhance the quality of life for residents, which may include:
- Meal Preparation
- Housekeeping Services
- Activities and Social Programs: Designed to engage residents and encourage socialization.
Home Health Services:
The company’s home health services extend to patients experiencing difficulties in navigating the healthcare system. Key components include:
- Skilled Nursing Visits: Regular visits from registered nursing staff.
- Therapy Services: On-site occupational, physical, and speech therapy as needed to support rehabilitation in the comfort of home.
Commitment to Quality Care
In summary, Diversicare Healthcare Services Inc. is deeply committed to enhancing the lives of its patients through a broad network of high-quality long-term care services. Their focus on service excellence, patient-centered care, and comprehensive rehabilitation programs underscores their position as a leader in the healthcare industry, dedicated to meeting the evolving needs of the individuals and families they serve.
