Whereas its acquisition by UnitedHealth Group (NYSE: UNH) is pending, enterprise continues to be going robust at Amedisys Inc. (Nasdaq: AMED).

As instances proceed, extra of it continues to come back by way of fee sources aside from conventional Medicare, Wednesday's earnings launch confirmed.

Amedisys, based mostly in Baton Rouge, Louisiana, is among the largest suppliers of house well being and hospice care within the nation. Its 521 healthcare amenities and 19,000 staff span 37 states and the District of Columbia.

UnitedHealth Group's Optum agreed to amass Amedisys final June. That transaction is anticipated to shut someday this yr.

Within the fourth quarter of 2023, internet service revenues in Amedisys' house care phase had been $358.9 million, up 4% yr over yr. However internet income from Medicare providers fell about 1.7%, whereas non-Medicare income rose 14.7% yr over yr.

The identical was true all year long, with internet income from Medicare house well being providers declining barely and non-Medicare income hovering. Over your complete yr, whole internet income from house care providers elevated by roughly 4%.

Total, the corporate generated roughly $2.24 billion in internet providers income in 2023, up lower than 1% yr over yr. Fourth quarter income got here in at roughly $571 million, which was additionally solely a slight improve.

It’s placing that Amedisys' intensive care division continued its upward development within the final quarter of the yr. It introduced in $5.9 million in internet providers income, up from the $3.6 million it introduced in in the identical interval final yr.

For the complete yr, the excessive emergency care phase – ​​often known as Contessa Well being – introduced in $19 million, a giant improve from the $12.3 million it introduced in in 2022.