Kindred at Home to Enrich Humana Investors

Strange Tony,

Humana's top five accomplishments at its annual Investor Day include "forming the nation's largest home health and hospice operator" via Kindred at Home/Curo Health Services.  Home Health is also one of the five most impactful areas of influence on health care utlization.

Home health is one of Humana's national platforms

The home health opportunity warranted a whole slide during Investor Day.

After splashing Kindred at Home as a key strategy/influencer/opportunity Humana cited the area as a "management distraction" which needed to be reduced.   Huh? 

Without full ownership there is no pressure for Humana to align pay and benefits across the company.  Kindred at Home employees continue to receive short shrift from executives across our ownership spectrum.

Humana's financial measures have grown substantially according to several slides, yet wages only increased 1.3%.  That did not keep up with inflation of 1.7%.  Kindred at Home has been a notorious miser in giving wage increases.  Management promised our nurses raises earlier this year.  They have not arrived yet.

This is all to enrich Kindred at Home executives, the two financial rapscallions and Humana's executive team.

Trend bender Kindred at Home is to make Humana's Medicare Advantage plans more profitable.  Our new technology is a huge barrier to serving patients and their families.  It also is a disaster for documenting continued Medicare hospice eligibility according to our nurses.  Humana's Investor Day made it clear our hospice is here to serve the greedy.

Anonymous

Humana Execs Rewarded for Buying Kindred at Home/Curo

Strange Tony,

Humana's top strategic accomplishment was buying Kindred at Home and Curo Health Services.  The SEC filing does not mention how Humana and its it financial rapscallion partners crammed Kindred's hospice division under Curo Health Services.  Curo then installed cumbersome, unreliable technology, decimated our office staff and created mountains of new non-value added work.  It is now difficult to give care, be paid fairly or accurately for hours worked and miles driven.

The filing does not state that Humana matches up to 6% for employee retirement, while Kindred at Home gives a mere 1% for those saving 4% in their 401k. 

The SEC document stated Humana made an extra $33 million thanks to its complicated buyout deal for Kindred at Home.  Before Kindred Healthcare was carved up by investment companies it contributed a mere $4,4 million toward employee retirement. 

Humana matches charitable contributions by board members up to $40,000.  We have numerous staff members that don't make $40,000 in a year.  Many of those staff members have gone years without raises. 

Humana executives recently were awarded stock compensation.  Most received multi-millions in pay for 2018.  As a fish rots from the head down so do we.  There is something significantly wrong in our hospice.

Anonymous