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

	Dec '22	Dec '23
account payables	110.58M -	140.95M 27.47%
accumulated other comprehensive income loss
cash and cash equivalents	66.12M -	78.39M 18.57%
cash and short term investments	66.12M -	78.39M 18.57%
common stock	1K -	1K 0%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current
goodwill	55.22M -	59.02M 6.88%
goodwill and intangible assets	61.49M -	65.29M 6.18%
intangible assets	6.27M -	6.27M 0%
inventory
long term debt	438.34M -	715.71M 63.28%
long term investments	48.31M -	55.96M 15.84%
net debt	1.86B -	2.77B 48.82%
net receivables	420.12M -	600.07M 42.83%
other assets
other current assets	24.92M -	43.69M 75.29%
other current liabilities	190.86M -	188.78M 1.09%
other liabilities	1 -
other non current assets	65.32M -	84.00M 28.60%
other non current liabilities	1.47B -	2.24B 52.16%
othertotal stockholders equity
preferred stock
property plant equipment net	1.78B -	2.59B 45.60%
retained earnings	63.65M -	96.13M 51.03%
short term debt	182.43M -	127.20M 30.27%
short term investments
tax assets
tax payables
total assets	2.46B -	3.51B 42.68%
total current assets	511.16M -	722.15M 41.28%
total current liabilities	483.86M -	456.93M 5.57%
total debt	1.93B -	2.85B 47.78%
total investments	48.31M -	55.96M 15.84%
total liabilities	2.39B -	3.41B 42.53%
total liabilities and stockholders equity	2.46B -	3.51B 42.68%
total non current assets	1.95B -	2.79B 43.05%
total non current liabilities	1.91B -	2.95B 54.71%
total stockholders equity	63.65M -	96.13M 51.03%

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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