"It 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."
"LifeCare 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co-CEO environment has changed and they are currently bringing in a new CEO.The systems used by Preferred/LifeCare are outdated and contribute to company's inability to realize growth.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."
LifeCare Solutions has an overall rating of 3.2 Average Rating out of 5, based on over 2 LifeCare Solutions Review Ratings left anonymously by LifeCare Solutions employees, which is 18% lower than the average rating for all companies on CareerBliss. 100% of employees would recommend working at LifeCare Solutions.
LifeCare Solutions employees earn $45,500 annually on average, or $22 per hour, which is 31% lower than the national salary average of $66,000 per year. 2 LifeCare Solutions employees have shared their salaries on CareerBliss. Find LifeCare Solutions Salaries by Job Title.
100% of employees would recommend working at LifeCare Solutions with the overall rating of 3.2 out of 5. Employees also rated LifeCare Solutions 3.5 out of 5 for Company Culture, 3.5 for Rewards You Receive, 1.5 for Growth Opportunities and 1.5 for support you get.
According to our data, the highest paying job at LifeCare Solutions is a IT Operations Manager at $101,000 annually. Browse LifeCare Solutions Salaries by Job Profile.
According to our data, the lowest paying job at LifeCare Solutions is a Medical Assistant at $22,000 annually. Browse LifeCare Solutions Salaries by Job Profile.
According to reviews on CareerBliss, employees commonly rated the pros of working at LifeCare Solutions to be Company Culture, People You Work With, Person You Work For and Rewards You Receive, and cons to be Growth Opportunities and Support You Get.
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