PACS Group, Inc.

PACS trains and hires healthcare leaders, and provides a wide array of back-office support services to healthcare facilities, reducing administrative burdens so local leadership and care teams can focus more of their efforts on the care, well-being, and quality of life of their patients. The PACS team consists of 300+ professionals who provide accounting, finance, human resources, payroll, accounts receivable and payable, legal, risk management, information technology and other business advice and support from its headquarters in Farmington, UT, and satellite offices across the United States. PACS provides back-office administrative support to more than 200 independently-operated healthcare facilities in nine states.

PACS

Building and maintaining trust between capital providers and operators in the skilled nursing industry can prove critical to the success and longevity of businesses in the sector. https://bit.ly/46aclHG

BREAKING: The price of a nursing home staffing mandate is 60% higher than projected by the Centers for Medicare & Medicaid Services and will require 100,000 more workers, a CLA (CliftonLarsonAllen) analysis conducted in conjunction with AHCA/NCAL finds.

#skillednursing #nursinghomes

A new CLA (CliftonLarsonAllen) analysis finds the federal staffing mandate would require hiring an estimated 102,154 additional full-time employees. The proposed mandate would also cost nursing homes approximately $6.8 billion/year – higher than CMS's estimate of $4 billion per year. 

“What CLA’s analysis confirms is that this proposed rule is deeply flawed, and the Biden Administration has woefully underestimated the feasibility and cost of this unfunded mandate,” said AHCA/NCAL President and CEO Mark Parkinson.

It was such an honor to be a part of the last day celebration for these CNAs grads from Charles A. Jones Career & Education Center 💥 Such a great group!

A new KFF analysis finds 80% of #nursinghomes (and more on the for-profit side) will need more nurses to comply with a proposed federal staffing mandate. With staffing shortages, KFF projects, there could be enough waivers  granted to mute the mandate's intended effect.

#skillednursing #longtermcare #staffing

AHCA/NCAL LeadingAge

What a message the Centers for Medicare & Medicaid Services is sending to the thousands of women and men who hold #lpn  jobs in America's #nursinghomes and meet the daily needs of so many patients.

#skillednursing #longtermcare #staffing #nursingjobs #nurses

Arden Park Post Acute hosted an Employee Appreciation Happy Hour today 🥳 And we had a full house in orientation at many of our locations!  Today was an amazing day! 

To see our hard working team take a minute to relax and have a good time was so great! 

Oh how I love this community ❤️

RETHINK is back after lunch with a panel on how to scale in a challenging environment lead by PACS’ Joseph Lee, Creative Solutions In HealthCare’s Gary Blake, and Cascadia Healthcare’s Steve LaForte

A staggering number of nursing homes reported challenges in meeting the care needs of their residents during public health emergencies and natural disasters due mostly to inadequate staffing. https://bit.ly/45ZmRkO

Proud to represent the SNF industry at Skilled Nursing News RETHINK conference to discuss, Scale Matters: How to expand in a challenging environment to drive future success. Kudos to Joseph Lee, Sr VP, Support Services from PACS operations team

	Mar '23	Mar '24	Jun '24
account payables		157M -	125.75M 19.91%
accumulated other comprehensive income loss	63.65M -	201K 99.68%
cash and cash equivalents	-58.27M -	93.28M 260.08%	77.85M 16.53%
cash and short term investments	58.27M -	93.28M 60.08%	77.85M 16.53%
common stock		129K -	152K 17.83%
deferred revenue		1 -
deferred revenue non current
deferrred tax liabilities non current
goodwill
goodwill and intangible assets		65.29M -
intangible assets
inventory
long term debt		767.86M -	475.11M 38.13%
long term investments		46.66M -	55.01M 17.90%
net debt	58.27M -	2.97B 4,997.72%	2.64B 11.25%
net receivables		688.75M -	660.97M 4.03%
other assets
other current assets		49.70M -	61.82M 24.39%
other current liabilities		243.13M -	212.34M 12.66%
other liabilities
other non current assets	-58.27M -	87.33M 249.87%	163.88M 87.65%
other non current liabilities		2.43B -	2.37B 2.40%
othertotal stockholders equity	5.00M -		471.47M -
preferred stock
property plant equipment net		2.84B -	2.88B 1.46%
retained earnings		127.66M -	100.50M 21.27%
short term debt		131.42M -	130.01M 1.07%
short term investments	116.54M -
tax assets
tax payables
total assets		3.87B -	3.90B 0.78%
total current assets	58.27M -	831.73M 1,327.39%	800.65M 3.74%
total current liabilities		531.55M -	468.10M 11.94%
total debt		3.06B -	2.71B 11.41%
total investments	116.54M -	46.66M 59.96%	55.01M 17.90%
total liabilities		3.73B -	3.32B 11.11%
total liabilities and stockholders equity	68.65M -	3.87B 5,531.86%	3.90B 0.78%
total non current assets	-58.27M -	3.03B 5,307.92%	3.10B 2.01%
total non current liabilities		3.20B -	2.85B 10.97%
total stockholders equity	68.65M -	127.99M 86.44%	572.13M 347.01%

PACS

COM:PACS

PACS Group, Inc.

Last Close

16.55

22/11 21:01

Market Cap

4.60B

Beta: -

Volume Today

2.39M

Avg: -

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