Grayson Joshua McAlister's questions to Aveanna Healthcare Holdings Inc (AVAH) leadership • Q3 2024
Question
Grayson Joshua McAlister, on behalf of David MacDonald, asked for an update on cost-saving initiatives and for color on hiring trends in Georgia and Massachusetts following recent rate increases.
Answer
CEO Jeff Shaner explained that major cost reduction efforts are largely complete, with the current focus shifting to the Medical Solutions segment. He provided a detailed case study on Georgia, where passing rate increases directly to nurses significantly improved fill rates, cleared hospital discharge backlogs, and increased caregiver hours. CFO Matt Buckhalter added that savings are being reinvested into technology and automation to create future leverage.