Crissy Carlisle: Yes. That continued to be geared a little bit more towards hospice with our strategy being opening up hospice wherever we have an existing home health. So they’re geared a little bit more towards hospice. The de novos that we opened up in 2022 and 2023 are doing well. Some are running at plan, some are running ahead of plan. And so in 2024, I think it’s fair to say that the investments that we continue to make in the 10 will be offset by the earnings of those that we opened up in 2022 and 2023.
Operator: Our next question comes from the line of Joanna Gajuk with Bank of America.
Joanna Gajuk: So I guess I have 2. One is on the payer sources, Slide 31, where you have the fourth quarter hospice and the managed care is 6.5%. So can you explain why there is such a big number? Because it also talks about just an increase in the non-Medicare patient revenue, but also again talks about this recoverability or estimated recoverability of the revenue. So can you help us understand like what does the 6.5% really represents?
Crissy Carlisle: Yes. So it represents exactly what it says. It is managed care in our hospice some are the bid contracts and other contracts that were in 2023. You noticed that the 2022 column is blank, it’s 0. And again, that’s because a lot of that reserve for hospice that we made in the fourth quarter of 2022 went to that line item.
Joanna Gajuk: Okay. And my other question, I guess, when it comes to regulations so what is — what do you expect to see in 2025 home health proposal that is going to be coming out? I guess, still a couple of months. But any initial thoughts around productivity adjustments and recruitment? And also, I guess, first, we’re going to get a hospice proposal for 2025. So anything around what you expect to see in that one?
Barb Jacobsmeyer: Sure. I would say for home health, I mean, I think they already kind of signaled last year that they would go after the other half of the adjustments that they ended up cutting in half last year. So I think that — we anticipate that being part of the proposed rule. I think it’s a good question on the temporaries. I don’t know at this point. As you know, in the previous rules, it hasn’t been discussed or mentioned yet on how, if and when, what that would look like. So I think that is a big question mark on whether that will appear in the proposed for ’25 or if that’s something that will happen after they finish the permanent adjustments. So I think for sure, we would expect to see something about the permanent continuing, but a big question mark, I think, on the temporary. And then on hospice, at this point, don’t really anticipate there’s going to be anything different as far as their proposed rule.
Operator: There are no further questions at this time. I would now like to turn the call over to Crissy Carlisle for closing remarks.
Crissy Carlisle: Thank you, operator, and thanks to each of you for joining today’s call. If you have additional questions, please e-mail investorrelations@ehab.com.
Operator: This concludes today’s call. You may now disconnect.
