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
revenue	1.17B -	2.42B 107.62%	3.11B 28.47%
cost of revenue	986.37M -	2.04B 107.19%	2.69B 31.63%
gross profit	180.19M -	378.37M 109.98%	421.44M 11.38%
selling and marketing expenses
general and administrative expenses	96.83M -	149.01M 53.88%	213.66M 43.39%
selling general and administrative expenses	96.83M -	149.01M 53.88%	213.66M 43.39%
research and development expenses
other expenses	3.35M -	3.22M 3.65%	-536K 116.63%
cost and expenses	1.08B -	2.19B 102.42%	2.90B 32.43%
operating expenses	96.83M -	149.01M 53.88%	213.66M 43.39%
interest expense	5.28M -	25.54M 383.86%	49.92M 95.47%
ebitda	90.51M -	251.67M 178.05%	233.40M 7.26%
operating income	83.36M -	229.36M 175.15%	207.77M 9.41%
depreciation and amortization	236.56K -	228.49K 3.41%	167.90K 26.52%
total other income expenses net	-1.93M -	-22.32M 1,054.42%	-50.45M 126.10%
income before tax	81.43M -	207.04M 154.27%	157.32M 24.02%
income tax expense	33.48M -	56.55M 68.91%	44.44M 21.42%
net income	47.95M -	150.50M 213.88%	112.87M 25.00%
weighted average shs out	150.15M -	150.15M 0%	150.15M 0%
weighted average shs out dil	150.15M -	150.15M 0%	150.15M 0%
eps	0.32 -	1 212.50%	0.75 25%
epsdiluted	0.32 -	1 212.50%	0.75 25%

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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