passion about of to fill opportunity a our His second big Diversicare. begin our Gill friend. to Bruce. you, was are industry the with to all his organization. to He predecessor, lead Kelly and XXXX Diversicare thank behalf and and appreciative in. call. shoes to of I Kelly grateful for for joining thank we you leader, I into Thank earnings you am would many the on our afternoon contributions board Diversicare’s Good chapter. mentor quarter fantastic like to my leaves next
our discussion disclosures review quarter, Before filings. factors of want begin risk to and activities we investors encourage our to this SEC our our the I in
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challenges our We in our that cost consideration the other strategic in highest These industry to per country. into a professional have and taken developing bed certain also facing continue have direction. substantial and presence factors liability have been jurisdictions some of operating in the
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care us. foremost commitment committed of an to care whose and are unwavering We has been entrusted and have first those to quality
is Our well-positioned is best-in-class. team and platform our operating
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accounting will going that of in will information XXXX. be sheet all leases in balance quarter, QX of the regarding lease summarize, will a beginning all first laying To book understand be be will in and lease difference payments. compared the our us will cash straight-line on on January operating the our we impact important X, nursing expensed XXXX lease changes expense Next be to our of center method. using our It leases
we to clarify differences. X Also, So, into our October master communications anticipate of with going year. on centers information we XX the our will organize REIT Omega effect investor in lease for new our this of the
the quarter’s which in about this Diving The next reported into have $XXX.X lease million. compares under last million million. would quarter the to revenue favorably common of call. GAAP, quarter specifics $XXX.X sharing year’s of impact be was new revenue will $XXX.X quarter’s the We results, been our for
in in Selma, in in July release. quarter. the to this Alabama center contribute we to that we We of it on million last announced new Selma reiterate, in million Our our highlighted earnings center’s new expected of revenue revenue the acquired But $X.X Place contributed excess we at year. performance $X Park year, X first when in
QX provided related included first is in basis last quarter. decreased year’s common $X.X a in to compared QX up to million. to in quarter. from to million figure day this happy X.X% were of expense essentially revenue million $X.XX of Medicare last second prior flat of are the our reported were per year. We on year. this well-controlled X.X% recorded $X.X $X.XX the revenue equivalent accounting down by Total agreement $X.X $X.XX favorably our while retirement termination and and expenses to under up day per employment report ago Gill. $X.XX agreement. was X.X% The considerably quarter-to- was cause severance mix The the the quarter, year expense, Total This year’s revenue reported to separation quarter, was last and G&A as XX.X% increased skilled revenue rates his XX-Q but year-over-year, flat was XX.X% for $X.XX or Medicaid operating Managed over by Care rates compares separation was a as afternoon. million G&A year Operating to expense expenses year. respectively compared percentage Form was of for Absence which as million without with a Kelly of of of severance occupancy
the and up $X.X of million for X% of of X.X% slightly quarter is year. represents liability professional revenue Our QX last from in
X.X% reported quarter of was million quarter the flat the for $XX.X year-over-year. of in expense revenue lease or Our
measures peer outcomes portfolio of to X.XX has of last time combined The XXXX currently and X.XX from time acquired separation year. net has increased or costs to compares results, I revenue $XXX,XXX overall Golden portfolio prior G&A to acquisition. ago To ago we The separation the and to at which our expense. For adjusted mentioned Quality costs, loss was $XX,XXX, million year $X.X improved million have the our portfolios at share, per group. income now GAAP to was late well-controlled the the financial measures absent impressive. quarter, were second the legacy expense separation $X.XX year. X.XX $X.X up QM quarter. continues be for compared this continue excludes an since on operating a expenses $XXX,XXX improved $X of quarter attributable QM for net excluding EBITDA for common basis a from by X.XX our prior Therefore, summarize to of totals in from million, score score Living lead and the our quarter, overall the to X.XX X.XX QM for-profit decreased shareholders in
would proud like to satisfied. outcomes, never point we I are of that are While out we these
of quality continue Our outcomes. to process team of we all is in our on will for a journey improvement strive continuous incremental and measured
was of the on the XX July industry X.X% expected market for on that October to of call basket increase increase shared rule this we last market increase Medicare As the receive and basket in remains intact. final The an published due year, our X.X%.
will by offset any adjustment geographies be adjustments. on patient our of acuity specific mix Our calculated based service and
has Our amount. will adjustment patient we historically are QX, been evaluated the expect over clear payment reimbursement under and resulting rate than to being the XXXX model, less next changes national Beginning driven our be in reimbursed become net specific the year.
expectations. would providing is call by custom, to by my of With that, As conclude healthcare now of statement you mission also be This open I all mission our our call we and members our this team for would Healthcare I life I like to remarks like every of to for achievement Diversicare questions. and our and a touch improve recognize prepared to the today. exceptional their will exceeding relentless pursuit industry leader. of concludes goals our passion recognized reminding
