Monday, February 29, 2016

Who Do Kindred Execs Appreciate?


Kindred CEO Ben Breier opened yesterday's earnings call with:

"Let me start as I usually do by extending my deep appreciation on behalf of the entire leadership team to our more than 100,000 teammates across the country. Each day our partners at Kindred work hard to improve the lives of more the 1 million patients we care for annually. The excellent care delivery and clinical outcomes we generate are the direct results of their efforts."
The 40,000 from Gentiva don't feel the least bit appreciated by the leadership team if they've encountered our benefit reductions for 2016.  I'd be shocked if the other 60,000 feel appreciated given Kindred eliminated their retirement match in 2012.

Recent actions show who the leadership team appreciated.

Kindred's Chief People Officer has not been clear at all with former Gentiva associates on reductions in healthcare, retirement and sick leave benefits.  Kindred recently removed a hospice policy that committed to paying people equitably on an internal and external basis.

CEO Ben Breier talked repeatedly about Kindred's over $300 million in cash flow.  Surely a portion of that could return a 2% retirement match, provide health insurance employees can afford to use and ensure employees are paid fairly and equitably for the work they perform for the company.  It's clear they'd rather pay themselves. 

Anonymous (from Kindredful)

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