Genesis Healthcare, Inc. Announces New Market-Focused Model
November 12, 2021 at 08:00 am EST
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Genesis Healthcare, Inc. announced a shift to a market-focused model. The model is designed to build out a vertically integrated community-based healthcare system in every market, supported by centralized resources. Whether through skilled nursing facilities, assisted living communities, rehabilitation therapy, physician services or other ancillary services, this approach will help drive community integration and long-term performance. The shift to a market-focused model is the next step in the Company?s turnaround plan. The reorganization puts the local centers and their people at the core of the business while providing the highest-quality care and experience for residents and patients. The more empowered and accountable each market is, the better those centers can fulfill their mission. Under the market-focused model, each center is supported by a specific market team whose sole purpose is to help the center succeed in better serving residents and patients and driving improvements. A national team will continue to provide support for functions best handled in a centralized way.
Genesis Healthcare, Inc. is a holding company. The Company provides services to skilled nursing facilities and assisted/senior living communities. It also specializes in contract rehabilitation therapy, respiratory therapy, physician services, staffing services, and accountable care. It provides approximately 250 skilled nursing centers and senior living communities in 22 states nationwide. Its subsidiaries also supply rehabilitation therapy to approximately 1,400 locations in 43 states and the District of Columbia. It offers a range of services, which include rehabilitation therapy, memory support, long-term care, and assisted/senior living. Its rehabilitation therapy includes transitional care, short stay care, ventilator rehabilitation, dialysis, cardiac management, and pulmonary management. Its long-term care service provides 24-hour skilled nursing services for elderly residents and people with a chronic condition or a prolonged illness. It also offers hospice care services.