Sunday, March 24, 2019

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

6 comments:

  1. "Humana Deems Home Health Care ‘New Frontier in Value-Based Medicine"

    ...integration and data sharing between Humana organizations and Kindred at Home has helped clinicians improve care, company executives said.

    The deal with WCAS sets Broussards former employer and KAH executives up for monstrous paydays.

    The other 49,990 KAH employees have gotten the shaft under Humana/financial rapscallion ownership.

    https://homehealthcarenews.com/2019/03/humana-deems-home-health-care-new-frontier-in-value-based-medicine/

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  2. http://www.deathnurse.com/2019/03/orange-crate-update-number-1.html

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  3. For 2018 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. Kindred at Home employees should keep this front and center as Humana begins its third party outreach.

    KAH employees should also keep in mind the tremendous damage Humana did to the hospice division with Homecare/Homebase and its garbage in-garbage out systems. Management cut staff deep into bone with the promises that HCHB would save time. It has been the opposite. HCHB is a time eater and we have less staff to serve customers.

    Humana and KAH executives can't hear any of this, whether is be Glassdoor, Indeed, Generic Hospice or direct employee feedback.

    Yes, our hospice was once a cut, maybe two or three cuts above at times. Humana and its greedy investment partners turned us into our crappy competition, built on a foundation of sand. This too, will not last.

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  4. The promised raise is now a merit adjustment. Management remains mum on the range that could be awarded.

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  5. One of our best home health nurses informed staff that Humana matches retirement at 125% of employee contributions up to 6% of salary. We get a paltry 25% match up to 4% of salary, which equals a 1% match. He knows as he left today to work for Humana's Medicare Advantage division. Also, he has significant bonus potential, something we don't.

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  6. Kindred at Home continues to make cuts at our hospice. This flies in the face of the company's "growth mandate." Customer service, which took a beating since the Humana buyout, can only get worse and leaders don't care. Survey says!

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