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 '21	Dec '22	Dec '23
net income	47.95M -	150.50M 213.88%	112.87M 25.00%
depreciation and amortization	7.15M -	22.31M 211.91%	25.63M 14.89%
deferred income tax	7.83M -	-1.92M 124.52%	-9.92M 416.55%
stock based compensation
change in working capital	-4.36M -	-94.29M 2,064.10%	-94.66M 0.39%
accounts receivables	-40.09M -	-114.62M 185.92%	-179.94M 56.99%
inventory
accounts payables	30.78M -	32.81M 6.60%	33.37M 1.72%
other working capital	4.95M -	-12.48M 351.97%	51.91M 515.95%
other non cash items	22.64M -	142.45M 529.17%	227.61M 59.78%
net cash provided by operating activities	57.60M -	92.61M 60.78%	63.70M 31.22%
investments in property plant and equipment	-124.09M -	-22.86M 81.58%	-45.78M 100.25%
acquisitions net	-79.68M -	-52.12M 34.59%	-125.69M 141.16%
purchases of investments	-15.71M -		-2.60M -
sales maturities of investments	877K -	2.90M 231.24%	1.86M 35.90%
other investing activites		10K -	750K 7,400%
net cash used for investing activites	-218.60M -	-72.08M 67.03%	-172.20M 138.92%
debt repayment	-235.84M -	-69.38M 70.58%	-209.40M 201.80%
common stock issued
common stock repurchased
dividends paid	-53.80M -	-60.28M 12.05%	-80.39M 33.37%
other financing activites		3.25M -	587K 81.92%
net cash used provided by financing activities	182.05M -	9.10M 95.00%	129.00M 1,317.01%
effect of forex changes on cash
net change in cash	21.05M -	-2.45M 111.62%	12.28M 601.92%
cash at beginning of period	47.51M -	68.56M 44.30%	66.12M 3.57%
cash at end of period	68.56M -	66.12M 3.57%	78.39M 18.57%
operating cash flow	57.60M -	92.61M 60.78%	63.70M 31.22%
capital expenditure	-124.09M -	-22.86M 81.58%	-45.78M 100.25%
free cash flow	-66.48M -	69.75M 204.92%	17.91M 74.32%

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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