LifeCare Solutions: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution
We've calculated that the average salary at LifeCare Solutions is $45K based on 40 user-submitted salaries
A total of 2 LifeCare Solutions employees gave LifeCare Solutions an average happiness rating of 3.2 out of 5.0.
3.3LifeCare Solutions was purchased by Preferred Homecare in 2011 and everything changed. Instead of a flat organization that valued employee input, it became a more autocratic organization where decisions were handed down from executive team without much input sought from employees. There seemed to be little thought as to options, should executive team's plans fail.Executive team did not communicate its plans to the employees and decisions were made without informing employees of potential impacts, including location shutdowns and reduction in force layoffs handed down with little regard for effect on remaining employees. Preferred's co-CEO environment has changed and they are currently bringing in a new CEO.The systems used by Preferred/LifeCare are outdated and contribute to company's inability to realize growth. Top line revenue is growing but operationally the company is losing money. Part of it is the lack of a timely discovery and response to industry changes. Part of it is turnover at LifeCare's billing and collections department. Billing and collection is a mess and without cash flow, LifeCare may well be written off as a total loss by Preferred and the board. The solutions are there, and have been identified by employees for the past 3 years, but executive team either doesn't hear or doesn't agree. Meanwhile, things continue to get worse.Unless the company becomes less penny-wise and pound-foolish, I do not believe that Preferred/LifeCare Solutions is positioned as a DME provider that will remain once the industry's tumultuous times subside.
3.3It was a positive experience overall. Unfortunately, a private company run by investors is not accountable to their employees. The investors didn't have a real plan when competitive bidding cut margins and they shared just enough info to allow the company to operate, but not enough about their plans if things didn't go as expected. Ultimately, the investors cut costs by layoffs and location closures.
Sign Up
Create an account and follow companies, manage job alerts, connect with other professionals and more.
}
Sign up Today
Create an account and follow companies, manage job alerts, connect with other professionals and more.
