DaVita (DVA) Q3 2024 Earnings Call Transcript

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Tuesday, October 29, 2024 astatine 5 p.m. ET

• Chief Executive Officer — Javier Rodriguez

• Chief Financial Officer — Joel Ackerman

Javier Rodriguez: Thank you, Nic, and convey you each for joining the telephone today. I'm grateful for the unthinkable effort of our frontline caregivers arsenic we present outstanding attraction for our patients portion besides navigating caller hurricanes and related proviso disruption. Alongside these challenges, we proceed to execute connected operating efficiencies and innovate crossed the continuum of care. Today, I volition screen our 3rd 4th performance, which was successful enactment with our expectations, supply an update connected our proviso chain, sermon our expectations for upcoming CMS 2025 last regularisation and wrapper up with immoderate comments astir adjacent year. But first, we volition commencement the telephone arsenic we ever bash with a objective highlight.

This quarter, we'll usage this accidental to item the singular resilience our patients and teammates person demonstrated successful the look of caller storms. Over the past month, millions of lives were impacted by the devastation caused by Hurricanes Helene and Milton. Despite hundreds of centers being successful the way of these storms, astir were unfastened wrong days of the tempest relenting and each but 1 is afloat operational today, providing attraction successful these communities. Many inspirational stories look from the dialysis assemblage which came unneurotic to enactment those successful need. In the contiguous aftermath of these storms, our attraction teams from crossed the state rallied to enactment the regions affected.

DaVita deployed generators, h2o tankers, implicit 20,000 gallons of substance successful high-water crews to behaviour wellness checks and hunt for missing patients and teammates. Local enactment worked tirelessly to relationship for each patients and teammates and to coordinate proscription for urgent entree to the dialysis attraction galore patients needed to survive. Our Asheville Kidney Center opened connected the Sunday instantly aft Hurricane Helene, nether generated powerfulness to supply the attraction for patients from six adjacent facilities. We and others successful the kidney attraction assemblage unfastened our doors to anyone needing treatment, including those who usually dainty with different providers. I was arrogant to spot the dialysis assemblage travel unneurotic successful communal enactment of diligent care.

Combined with the dedication of our section attraction teams, our palmy exigency effect has again underscored the value of scaled resources and operating discipline. Although the storms person since passed, our efforts are ongoing to coordinate humanitarian needs, including food, lodging and different assistance. We proceed to enactment with the impacted communities to rebuild. Thank you each to the teammates who person gone supra and beyond to attraction for 1 different and our patients. Beyond the assemblage impact, cardinal proviso lines were disrupted by Hurricane Helene owed to the closing of Baxter's North Cove facility.