Thank you, Brent, good morning, and everyone.
in with operating performance pleased We solid both potential untapped to segments. existing report are
increase Hospice year over million quarter. the and significant, Health of or $X.X experienced prior revenue million, growth Home Our an business XX.X% $XX with of
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decreased the segment-level result health calculated health home continued leadership by increased $X.X This admissions but grew home to business million total as X.X% in year additional margin from and prior and adjusted health or and growth X% Medicare prior over each quarter. cost admissions $XX.X Segment accelerate growth home year Our over steady EBITDA revenue also home is million abating investment pressure quarter. health continued decrease a X.X% increases. its labor of X.X%, of improved the and
In impact and had of addition, together health negative impact the rule of the sequestration negative the $X.X of approximately a reimplementation million. reimbursement home final
and leadership over sequential growth to benefits our the in started have quarter. improvement in margin prior the We investment the described see in above of
Home the each margin or $X.X XX.X%, segment EBITDA hospice adjusted quarter. point million increase health and over X.X%, basis EBITDA to improved a and sequentially first adjusted XX improved
continues clinical and yield to percentage versus scores star above home health of national on with above XX% hospice rating and X, XX% significantly strong results outcomes ratings quality community with agencies QX, prior star in quarter. our hospitalization rates, a composite focus Our In to the increased averages.
provider to CMS' see program. systems preferred outcomes home enter positive our positions and revenue deepen acute key care health health home referral us adjustments and by ability relationships sources to and drive Strong our with through purchasing clinical growth enhancing value-based to other
accurately rates geographic to and and relationships cost reflect care see delivery a in resulted care opportunities our of necessary payers payer addition, In providing performance excellent partners managed diversity provider more to with care establish contract existing clinical outcomes, clinical as efficient that of networks. part our and renegotiate their with new who effective has the
just are X.X%, year and up are prior visits visit each up managed X.X% per to impact of the now as We our care experience these efforts beginning quarter. is the revenue over
leadership As we've systems our done on extraordinary driving to and continue local and will support invest we improve leaders outcomes. in in to clusters side, clinical the operations
July, market permanent per year's net an CMS to XXXX regulatory in behavioral the X.X% of in the estimated last day update a contained offset Rule, rule. adjustments proposed X.X% applies Home payment all and in X.X% reduction XXXX. fee-for-service adjustment in aggregate a Hospice Health which and result released also behavioral in basket issued us. These payments, final net increase the On In Proposed payments for by Rule, a of for front, a yield of Final reimbursement the in late adjustments which Medicare X.X% included CMS will total update XXXX X.X% final are addition
rule, significant risk last access services costs quality cuts the The providers in over for the our combined few to significant home proposed years, uncertainty we've and create increase in health industry. the experienced with in reducing
difficulty to disruption to our the balance today, in periods strong industry the opportunistic flexible to operating and sheet While like of Pennant unwise through thrived began scalability and much growth. approach thanks model, and led acquisitive and of another is has locally unwelcome,
Even in right to change PDGM, an in change be work rule, ever-changing create should to as we reimbursement environment. the confident levers finalized. the like with we the prepare potential to to continue impact pull reimbursement industry Much even long-term it value are partners with closely ability our and we thoughtfully for the will
this undergone the the we a the remarkable over As has call, Brent throughout Living to our described and it momentum of years remainder transformation continuing XXXX. last X Senior build business at beginning of see
sequentially. the is revenue segment Living X.X% the showing XX.X% of Our partners $XX.X push of resource business, local is leaders on results. over in continue to Senior year every million financial dedicated up and which quarter facet prior the and
revenue QX grew adjusted leaders and XXX adjusted XX.X% the EBITDA X.X% and increase to margin prior sequentially rigorously our in X.X%, managed Senior As increased prior increased quarter. point over XXX.X% and year costs the from segment living a over and basis EBITDA quarter,
The quarter the prior quarter. levels over as up per pieces are ramp same-store room year the to for continue place in average up XXX at XX.X% occupancy XX.X%, is prior nears points pre-pandemic basis occupied this year and revenue over
to our center continue our service other in important in that correspond leaders these managed improved also make We investments our XXXX, us support teams to scale revenue our G&A and IT with growth. growth, have our allowing expense. carefully Throughout to investments adjusted achieve finance,
our X.X% G&A X.X%, internal below down In was revenue from 'XX a QX, as percentage and target. in of QX of adjusted
needs the are While expect the that have the same leaders we G&A our our rigor internal with in in targets. center fluctuate the organization, field outperform that to service will of applied pleased we the
located Springs, on X Benefit our and Colorado, continued within operations footprint a Side, we Your strategically and complements May, Colorado. acquisition Southwest acquired to This execute our quarter, Home deepening In attractive the we existing Colorado home care acquiring Care home agency our and Colorado strategy Benefit health long-term by our During Health Denver footprint. existing By growth in in continuum.
operation. health the health care we ecosystem. of June, hospice a in Bluebird relationships home community the part operating and Bluebird living in shares acquired Health's it market, Treasure home with core it deep and Boise, care service strategic a Valley existing market. home is operations provider assisted a our make Idaho critical a Bluebird In hospice and Health, center, recently a health acquisition acquired
we revolver as describe, in continuing flow flow see of to in cash plenty segments, meaningful Lynette our growth. With our of robust acquisition opportunity will for powder operations improve, dry and a opportunities significant both from
make right our stated an leadership deployment. impact growth As operational we that result first have is the clinical to and of for have market. new who, not the arbitrary We community the before, we capital making on focus or sure on goals a
positioned and pipeline, With financial well step the improve and growth of new results. clinical, our into cultural are that successfully operations to leadership we
our capital been will the we is has partnerships investments acquisitions at healthy disciplined we While extremely than allocation, organization. that of strategic several it pipeline more pricing for remain or where prioritizing markets clusters years, and new for in health robust have our opportunities long-term in our makes sense for
With review the over of that, financials. Lynette I'll it for hand a to Lynette?