afternoon. call. and from apologize to for the call Good Thank for Diversicare's want you, afternoon, Josh. XXXX I joining Thursday to this last you thank second quarter earnings moving
traded company significantly As the to quarters. the our at the and a publicly all our more all gotten requirements get review standards it's lean complete with frame and the completed auditors more and end more must to being accounting for be under of that it time corporate a complex, team difficult compressed
calls did quarter. have adding we're but scheduled by moving back been years month our to process roughly evaluating for end after the this quarterly call Our we earnings quarter now, a days few a as
release As material investigation. you saw in outstanding and filings on our update we government a have today, our
with we've case as required the practices into the forms to therapy our before, in our to program. and governmental Medicare is required our practices, the we're by investigations evaluation preadmission TennCare noted forms the relating unresolved industry, and As by subject PASRR others
is agreement period. the recorded payment made with today's bringing corporate initial payment $X.X $X.X subject We settlement additional that five quarter principle tentative with settle accrual over reached when finalized. government of to for the we've an integrity in investigation an we'll in share expected to expense press agreement to and in ongoing This release total a and for that be Form $XXX,XXX five-year million an a be XX-Q to our It's the same the plan of million. calls DOJ the agreement years
were informed this investigation to and matter opened had joined that a We its context less Cunningham Campbell the year going some I COO, the our To Leslie government company. than provide back on after XXXX.
open are the matter, planning and investigation, certainty strategic six on company. we've provide For but this we the risk the closer please see to in and been. other having you today's for better now had updated disclosures we able ask work We process we'll that as to have be years, on We'll the settlement our SEC. filings on the factors updates and XX-Q with
that factors facing taken As quarter, before, we continue operating per on We've have have of shared expect our presence in consideration the challenges to our highest third during been into liability a developing and and the exit bed progress Kentucky be to second finalized the and jurisdictions other in during transaction industry have direction. These country. we made the quarter. that strategic substantial professional cost certain some in our significant
expense for planned exit, will this to transition be to the depreciation in of required by the CFO assets more the Due we our extra were exit accounted Kentucky depreciation to accounting, $XXX,XXX change fully an Kerry Massey, the the date. on for our but schedule detail have quarter. for depreciated
We disposition as that this had also recorded quarter $XXX,XXX cost were of G&A expense.
more financials going wind forward. year. our as to calendar we'll will well. After down detail this our expect continue to reflect that We through pro provide our of business our of book on cost – cost down forma exit, will wind Kerry that provide better
to September state. XXXX the revenue care. to program to reimbursement for of review The call, over program add-ons that believe some centers period information We or invest XXXX, on We patient August in language. continuing in mentioned urge we is will Program that in specific of XX that our Incentive enrolled we to Texas we've targets our As on and metric add-ons provided Payment $X.X through attained requires the for from today program the for in which earned. last QIPP while million quality certain year XX qualify be for XX-Q the Quality be all the you
shared the we on we in be in Medicaid rates our the spectrum centers use program end lower of this are Texas believe the As to of past, and will there. the
is on in call over drive this mentioned new After with also -- Kentucky, efficiency We be our line just number XX% positions. platform. efforts that our our exit year-to-date, expect XX% non-center removed those we've non-center our that that from the to positions. very last This much of into operating to of we
sound be seen difficult the be to as constant due innovator reimbursement. In to pressure on and our often an it's financially industry,
to Our we look that team in about We us also assist us will and has future. taken have allow forward continue a to more platform. recently this sharing believe to specific best-in-class the financially will steps
was For second $XX.X of for loss quarter. $XX.X loss net a the realized $XXX,XXX ago the compared to quarter, a quarter Adjusted EBITDAR net we million. of million year the for
of non-cash second expense million valuation allowance recorded tax our $XX the the quarter, tax increase we During against a assets. deferred to
matters the accounting -- work second with the quarter further as require met of that have and government, rules provide on his necessary. of must more details the those and the allowance accounting impact comments. requirements about certain meet Accounting recorded quarter asset. in we when will those Kerry this in results these requirements Because type evaluation this of you you perform our settlement
the served quarter centers. of revenue a making presented for at same-store in operations classified straightforward. be related that and was patients our this Our the discontinued as primarily ago was more Kentucky $XXX.X centers revenue operations periods comparisons quarter, After million our we will The expect revenue Medicare all three all compared of to the decrease to decrease $XXX.X for year quarter. Kentucky sale million for
to down skilled as length same-store XX.X% for slightly revenue of for beds XX.X% $XXX.X also mix $XXX.X available XX.X% from to of was million quarter, shorter XX.X%. from million occupancy the decreased year decreased Year-over-year, Our mostly stay with from result skilled total our from patients. to occupancy down and ago a
$X.XX rates decreased Care Managed Our quarterly respectively, by $X.XX Medicare while year-over-year $X.XX. and by Medicaid rates and increased
for is payment we're PDPM that The on effect system October into report our and ready. to X goes Medicare happy team
change will changeover. our slightly because team increase revenue to that actively We worked and for has of this expect the prepare our
As we with will there move them. be to past but major swiftly work change, any bumps, will
the patients Our next care basket market X. overall net effect is much to the and residents Medicare The of finalized CMS market philosophy by also in into of our last goes The X.X% very basket methodology. needs delivering as on week. October line with PDPM is increase
using influences. actual geographic However, be will our purchasing increase value-based calculated and
adjustments. increases have Medicare less Our than the market basket historically been
call statements. to that, over turn for remarks some the Kerry specific our financial With I'll on
