Generic Hospice

When hospice reverts to the lowest common denominator and leaders obsess about metrics, it's time to speak. Self-inflated leaders assume clinicians give until their backs break, given no raises for years. A clinical ladder is a rainbow’s pot of gold. Others have a sorrier job and must be motivated by money. Abysmal leaders dangle extrinsic rewards for admission, hiring and EDBITA targets. “Sign on” bonuses entice people into a poor work environment. Employees’ voice equals their raise, zero.

Sunday, November 20, 2016

Breier Flattens Gentiva Employee Retirement Match

Strange Tony,

Kindred struck the deal with Gentiva expecting to save and make more money. Two years ago Kindred President Ben Breier set the expectation. "Synergies expected to be north of $70 million at the end of year two of the transaction will be immediate — will be meaningfully accretive to our earnings."

Breier announced in his recent earnings call "on the Gentiva deal, we achieved $91 million of synergies, a savings at the high end of our already aggressive expectations."

That aggression completely wiped out Gentiva employees 401k match for 2017. How much will executive bonuses rise from stiffing employees? That information will be available in April.

If anyone feels run over this Thanksgiving it might have been Ben Breier on his Synergy bulldozer.

Anonymous (from Kindredful)

1 comment:

AnonymousDecember 9, 2016 at 8:46 AM
They fired over 130 people yesterday.
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