Humana Leaves Mark on Kindred Hospice

Strange Tony,

In a high stakes poker game someone is always the mark.  It turns out our hospice was it.

“We have always been anticipating that we would divest a majority stake in hospice,” said CFO Susan Diamond. 

Never heard anything like that from our hospice line of chiefs until late 2021.  Word was we might be taken public in an IPO.  I don't think the financial media made that up.

Humana executives hit their mark by stealing wages/benefits from and lying to us from the start, so this isn't anything new.  Their multiple king's ransoms will remain on this earth when their soul answers for the damage they did to staff, patients and patients' families.

Anonymous

Broussard Cites Home Health Nurse Staffing Problem

Strange Tony,

Humana CEO Bruce Broussard spoke with CNBC's Jim Cramer yesterday.  Broussard said:

 "We do have a staffing problem in home health... we can get it, we're getting the help.."

Funny, CFO Susan Diamond said Humana was solving the nursing shortage problem by training more nurses and offering both sign on and retention bonuses.  

Training new nurses isn't a short term solution.  Sign on bonuses can actually increase turnover as extrinsically motivated nurses chase the next big cash bolus.

Cramer did not ask about hospice which Broussard plans to flip to yet another financial rapscallion.  How big with his bonus be for abandoning hospice staff to the next round of greedy owners?  

Anonymous

Humana Expands CenterHell

 

Strange Tony,

Humana converted Kindred at Home home health operations in fourteen states to its new brand CenterWell.  I call it CenterHell, a characterization reinforced by recent online employee reviews.

Those locations will get new signage and marketing materials as well as employee uniforms. apparel and other branded materials.

That brings back our original hospice conversion under Humana, TPG and WCAS.  Executives promised no changes, only to turn around and layoff key employees, cut the number of holidays as well as holiday pay and implement unreliable technology that purposely underpaid staff for hours worked and miles driven.

We got new signs and branded apparel but no raises.  I'll venture this conversion is similar.  Humana executives will get king's ransom bonuses for making it nearly impossible to deliver quality home healthcare.  Numbers matter to those at the top.

Anonymous

CDR to Buy Baby Formula Maker, Kindred Hospice

Strange Tony,

There's more information about our new hospice owners.  CDR is buying the baby formula division of Reckitt Benckiser.  Big's Matt Stoller writes:

Clayton Dubilier & Rice is one of the original gangsters of private equity, founded in 1978. It had classic pedigree; Jack Welch was an advisor. The firm is perhaps best known for shipping respiratory equipment out of the U.S. in the early days of the Covid pandemic, as well as the standard stripping of assets from companies it buys, and then letting them go bankrupt. So one can expect Clayton Dubilier & Rice, if it buys Mead Johnson, to attempt to raise prices on formula, or cut corners."

CDR can't raise prices on hospice so Kindred Hospice employees can expect more corner cutting.  As if Humana, TPG and WCAS didn't already expose our poor hospice's bones.  Lord, save us from financial rapscallions as they deliver evil.

Anonymous