Addus Homecare Corporation · NASDAQ:ADUS
Addus Homecare — Baird's Healthcare Conference 2012
20 slides from Addus Homecare's conference presentation, Sep 6, 2012
Slide 1: Addus Dual Advantage: Integrated Personal & Home Health Care
Exhibit 99.1 Addus Dual AdvantageTM Integrated Personal & Home Health Care A pre-acute solution to the post-acute problemSM Baird’s Healthcare Conference September 6, 2012
Slide 2: Forward-Looking Statements
Forward-Looking uncertainties following cause reports statements, Addus’ on forward-looking Form except because results 10-Q, Statements asto may they each differ be relate statements, ofrequired from The which tofollowing those events isby possibly available expressed law. and information depend to
Slide 3: Mission
Mission our contribution goalsItby is to fostering thethe primary community an mission environment andofaAddus reasonable in which HealthCare our profit. employees to improve enthusiastically the health and support well being and advance of our consumers our mission. through Reward thefor provision
Slide 4: About Addus
About – payors) of depreciation, principles accordance Adult $15.2 Addus Day 19% million inwith Service the Home amortization, Founded United Note: 4 GAAP. &13,000+ Community Adjusted inStates 1979 andemployees (GAAP). Comprehensive stock-based EBITDA ¯ Largest It26,000+ isshould compensation define
Slide 5: Who We Serve: Focusing on the Dual Eligible Population
Who 60.0% Care (=$8,716) Family WeFoundation Serve (=$5,798) 49.5% Focusing 50.0% calculations (=$4,064) on Health the (=$786) Dual using 40.0%Eligible data (<$786) a lfrom o tPopulation 30.0% U.S. Percentof Department T 22.9% Concentration Population, f oof cent Health Ranked 20.0% of Health andr b
Slide 6: Long-Term Care Expenditures and Growth in Medicaid Home Care
Long-Term $15,000 Milne. (Billions) AARP $9,200 . SOURCE: Care Public $10,000 Expenditures Policy KCMU $20.00 Institute: and Growth $5,000 Urban “A in $10.00 Insitutional Institute Medicaid $0 $0.00 analysis Long CareNursing Term Expenditures(Billions) of HCFA/CMS-64 Care HomeExpenditures Home data.
Slide 7: Dual Eligible Opportunity
Dual Personal of spending size, streamline 2011 Medicaid nature Eligible 7 Care for administration and Spending dual What – timing Post eligible isAcute the isoffor Opportunity? the –enrollees Care Keep Long pilots SNF member Term Approximately in /2007 Rehab Medicare Care functioning Funding Prescr
Slide 8: States Pursuing Medicaid Dual Programs
States Pursuing Commission on aMedicaid Dual Program and theMCO Uninsured, Plans/Programs May 2012already implemented 2013 Implementation Plans 2014 Implementation Plans No Implementation Plans Addus location(s) Source: Kaiser
Slide 9: Addus Dual Advantage: The New Paradigm
Addus Dual AdvantageTM The New Paradigm Long-term care risk makes it essential that health plan dual eligible members live safely and healthfully at home as long as possible… 9
Slide 10: Health Plan's Worst Nightmare: Cost of Institutional Care
Health Care $9,200/year Plan’s Worst Nursing Nightmare HomeEmergency $24,500/year RoomRehab $1,700/visit Facility $28,600/stay Total Episodic Sources: Cost &Consumer one-year of Health Nursing Ratings.com Ambulance10Home CMS.gov $1,000/ride $93,300 Acute Care Hospital $37,500/stay Vs. Home Personal
Slide 11: Addus Dual Advantage: A Powerful Resource
Addus Dual AdvantageTM A Powerful Resource No one knows more about the member… No one is in a better position to positively effect health outcomes… …Than the Addus Home Care Aide
Slide 12: Integrated Care Strategy Begins in the Home
Home Care Health Plan Integrated Family Health Clinical CaseStrategy Clinicians Begins Manager In The Home Addus Addus Advocacy Home Call Groups Care Aide Center Pharmacy Community Resources Primary Care Physician Addus Hom
Slide 13: A Model for Extending the Reach of Health Plan Case Managers
Addus Dualprocesses disciplined AdvantageTM Provides A Model tremendous for Extending opportunity the Reach for case of management Health Plan Case extension! Managers Serving the dual eligible population at home: Complicated Logistics intense Highly transactional Requires
Slide 14: Illinois Home Care Program Savings
Home Care period declined Savings Nursingcorresponding in Facility by0Programs 8% 68000 inPrevalence 74000 1980 to Improve 900000 2008 spite Reductions of Illinois Outcomes 80000 the total equated the HCBS HCBS 75+ State’s population to Strategies Strategies: $799 “Community million. Inc. 400000 Ill
Slide 15: Ohio Passport Home Care Program Savings
Home year 60 Nursing Challenges declined period Care Home of corresponding Programs byDelivering 14.5% SavingsImprove inequates 2050000 Long-Term to 2300000 Outcomes to spite 1750000 Services 50000 of Scripps the 36000 the total andState’s Gerontology $541 Supports 60+ population Million. “Passport”
Slide 16: Average Census and Revenue Trends
Average 2010 2011 Census 2007 and 2008Revenue 2009 2010 Trends 2011Average Census (# of clients) Revenues 27,000 $300 24,000 $250 21,000 18,000 $200 15,000 $150 12,000 9,000 $100 6,000 $50 3,000 0 $0 2007 2008 2009
Slide 17: Condensed Consolidated Statements of Income
Condensed 6/30/2012 28.3% share income sale of$Total a(3.62) includes Home (2) Consolidated operating Net $Health (0.24) $2.3 service million expenses agency. $ (0.66) Statements revenues ofNet $50.3 Illinois 0.57 income $ of 58.2 194.6 $ Income prompt 0.72 64.8 includes $ $236.3 0.20 67.9 ($ paymen
Slide 18: Adjusted EBITDA Reconciliation
Pre-Corporate Revenues (29.4) 12/31/2011(1) Administrative income for should months intangible reduction the(14.7) applicable not plus ended of $149.6 asset beestimates goodwill (15.0) considered 6/30/2012 Divisional 6/30/2011 (14.7) impairment $189.0 period. Division (15.2) and of $210.1 and accrue
Slide 19: Investment Highlights
Investment Scale AcrossHighlights National Footprint Large & Growing History of Market Growth Broad through Range Experienced of ServicesManagement and Payors Differentiated, Team Integrated Care Model Positioned to Excel under Healthcare Reform Significant Operational
Slide 20: Divisional Income and EBITDA Reconciliation
Divisional Income Ended 16.0 operating under financial asset generally Six $12.7 performance income impairment Months EBITDA $17.6 accepted plus Ended $20.4 Reconciliation calculated charge goodwill accounting 12/31/2007 $22.7 Depreciation and $26.2 in ($ accordance intangible principles 12/31/2008