Kindred Healthcare

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Kindred Healthcare, Inc.
Type Public
Traded as NYSEKND
Industry Healthcare
Founded 1985, Louisville, Kentucky, USA
Headquarters Louisville, Kentucky, USA
Key people Paul J. Diaz (CEO)
Phyllis R. Yale(Chairman)
Benjamin A. Breier (President/COO)
Stephen R. Cunanan (CPO)
Steven D. Farber (CFO)
Scott Blanchette (CIO)
Products Long-Term Acute Care Hospitals, Nursing and Rehabilitation Centers, Assisted Living Facilities, Rehabilitation Services, Hospice care, Home Care
Revenue $4.9 Billion USD (2013)[1]
Employees 78,000[2]
Divisions Transitional Care Hospitals, Nursing and Rehabilitation Centers, Home Health Care, Hospice
Website kindredhealthcare.com

Kindred Healthcare Incorporated (NYSEKND) is a healthcare services company that through its subsidiaries operates hospitals, nursing centers, and contract rehabilitation services across the United States. Kindred is the largest diversified post-acute healthcare provider in the U.S.[3]

The company was founded in 1985 as Vencor, Inc. The current name was adopted on April 20, 2001 following its emergence from Chapter 11 bankruptcy.[4] Kindred is a Fortune 500 company, and was ranked as 410 in 2013.[5]

At the close of 2012, 551 facilities were being run and operated by Kindred, including long-term acute care (LTACH) hospitals, Skilled Nursing Facilities, and rehabilitation services. Its headquarters and support center is located in Louisville, Kentucky.

History[edit]

Divisions[edit]

Kindred currently operates four separate divisions: the Hospital division, the Nursing Center division, RehabCare, and the Home Health and Hospice division. In 2013 Kindred renamed its Home Health and Hospice Division to Care Management Division, which includes Kindred at Home and enables Kindred and its partners to better manage episodes of care and create better transitions between different care settings.[6] A former fifth division, Kindred Pharmacy Services (KPS), was spun off in a merger with AmerisourceBergen, resulting in the creation of PharMerica.[7]

Transitional Care Hospitals[edit]

The Hospital Division of Kindred Healthcare specializes in providing long-term acute care services to medically complex patients. Kindred Healthcare currently operates 116 long-term acute care (LTAC) hospitals and six inpatient rehabilitation hospitals (IRF) in 26 states.[8]

Common services provided by Kindred Healthcare hospitals include:[9]

Kindred operates both freestanding hospitals and hospital-in-hospitals. As of December 31, 2011, Kindred ran 92 frestanding hospitals.[10] Along with traditional freestanding hospitals, Kindred operates 25 hospital-in-hospitals (HIH). An HIH operates in a "host hospital", where it provides LTAC services to patients it receives from the short-term acute care units.[11]

The Hospital Division had revenues of $2.9 billion in 2012,[12] Leading the Hospital Division is Division President Steven L. Monaghan.[13]

Every Kindred hospital is reviewed by internal quality auditors for compliance with the standards of the Joint Commission or the American Osteopathic Association (the “AOA”).[14]

Nursing and Rehabilitation Centers[edit]

The Nursing Center Division (NCD) of Kindred Healthcare operates nursing and rehabilitation centers and assisted living facilities. Kindred's centers care for both short-term residents (focus on rehabilitation) and long-term residents. As of 2012, Kindred operated 223 nursing and rehabilitation centers and six assisted living facilities in 27 states.[15]

The Nursing Center Division had $2.1 billion in revenues[12] in 2012.[16] The division is headed by Michael Beal.

Common services provided by NCD nursing and rehabilitation centers include:[17]

RehabCare[edit]

RehabCare Logo.jpg

In June 2011, Kindred acquired RehabCare.[18] As part of the transaction, Kindred combined its rehabilitation division, known as Peoplefirst Rehabilitation, and RehabCare. The combined division is called RehabCare.

The Rehabilitation Division of Kindred Healthcare provides various rehabilitation services, including physical and occupational therapies and speech pathology services. The Rehabilitation Division is organized into two operating segments: skilled nursing rehabilition services (SRS) and hospital rehabilitation services (HRS). The SRS operations provide primarily to freestanding skilled nursing centers, while the HRS operations provide program management and therapy services on an inpatient basis to hospital units and on an outpatient basis to hospital based satellite programs.[19]

Kindred's Rehabilitation division serves Kindred sites in addition to non-Kindred facilities. The rehab units in Kindred hospitals and nursing centers are staffed and managed by RehabCare. In 2011, RehabCare generated revenues of $1.0 billion.[20] This division is headed by Patricia M. Henry.[21]

Inpatient Rehabilitation Hospitals[edit]

Home Health Care[edit]

Care Management[edit]

The Care Management Division of Kindred Healthcare provides home health, hospice and private duty services to patients in a variety of settings, including homes, skilled nursing facilities and other residential settings.

Common services provided by the Home Health and Hospice Division are:

Hospice Care[edit]

Kindred Support Center[edit]

The support center (formally known as "Corporate") for all Kindred facilities is located at company headquarters in Louisville, Kentucky.

Data Center[edit]

Part of the Support Center's Information Systems department includes Kindred Healthcare's data center.

In 2014 Kindred is listed as #77 on InformationWeek's Elite 100.[22]

Awards and recognition[edit]

In 2012, the Kindred Support Center was named one of the Top 25 Best Places to Work in Kentucky among large-sized companies for the sixth year in a row.[23] It was presented to Kindred by the Kentucky Society for Human Resource Management State Council and the Kentucky Chamber of Commerce. The selection was based on an assessment of the company's employee policies and procedures, as well as the results of an internal employee survey.

In 2014, Kindred ranked 4th among Health Care: Medical Facilities in Fortune magazine's list of most admired companies.[24]

References[edit]

  1. ^ "Kindred Healthcare Inc.". Retrieved April 16, 2014. 
  2. ^ As of December 31, 2012.
  3. ^ "Kindred Healthcare, Nation's Largest Post-Acute Healthcare Provider, Selects Allscripts Referral Management". Bio-Web. November 20, 2008. 
  4. ^ "Vencor Emerges From Chapter 11; Changes Name to Kindred Healthcare, Inc.". Business Wire. April 20, 2001. Retrieved April 16, 2014. 
  5. ^ "Fortune 500 2013: Kindred Healthcare". CNN. Retrieved 2014-04-16. 
  6. ^ David A. Mann (2013). "Kindred creates Care Management Division". Retrieved April 16, 2014. 
  7. ^ Kindred Healthcare (2007). "Amerisourcebergen and kindred healthcare announce completion of transaction to create pharmerica corporation". Kindred Healthcare Press Release. Retrieved 2009-12-22. 
  8. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 3. Retrieved June 3, 2013. 
  9. ^ Kindred Healthcare Operating, Inc. (2007). Kindred Healthcare: A Diversified Post-acute Healthcare Company. p. 3. 
  10. ^ Kindred Healthcare (2010). "Kindred Healthcare Annual Report: SEC Form 10-K 2011" (PDF). p. 7. Retrieved March 12, 2011. 
  11. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 32. Retrieved June 3, 2013. 
  12. ^ a b before eliminations.
  13. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=129959&p=irol-newsArticle_Print&ID=1860028&highlight=
  14. ^ "Kindred Healthcare Annual Report: SEC Form 10-K 2014". 2014. p. 11. Retrieved April 16, 2014. 
  15. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 80. Retrieved June 3, 2013. 
  16. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 12. Retrieved June 3, 2013. 
  17. ^ Kindred Healthcare Operating, Inc. (2007). Kindred Healthcare: A Diversified Post-acute Healthcare Company. p. 5. 
  18. ^ Kindred Healthcare, Inc. (2011). "Kindred Healthcare Completes Acquisition of RehabCare Group". Press Release. Retrieved 5 July 2011. 
  19. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 17. Retrieved June 3, 2013. 
  20. ^ Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 19. Retrieved June 3, 2013. 
  21. ^ "Kindred Healthcare Promotes Patricia M. Henry to President of RehabCare Division". 
  22. ^ "2014 InformationWeek Elite 100 Winners". Retrieved April 16, 2014. 
  23. ^ Best Places to Work In Kentucky, Best Companies Group
  24. ^ "World's Most Admired Companies 2014: Kindred Healthcare snapshot". CNN. Retrieved 16 April 2014.