“We are serving a growing need in the marketplace for inpatient rehabilitation care at the local level,” said Mark Harris, CEO of Maxim Management Group. “Currently, most patients who require intensive inpatient rehabilitative care after discharge from an acute care hospital have to stay in the urban areas to receive this treatment, where most inpatient rehab hospitals are located. This requires them to spend even longer periods away from their family and local medical providers. Our local inpatient physical rehabilitation hospitals allow for them to receive treatment close to home, where friends and family can visit daily instead of only on weekends and allow their local family physician to be part of the multidisciplinary team for their care.”
Maxim Management Group has strong roots in specialized healthcare, going back to 1995 when CEO Mark Harris began providing management services to inpatient rehabilitation hospitals of various bed sizes in rural communities. Maxim CFO Stephanie Nunez joined the company in 2007 after a lengthy career on the business side of both acute care hospital and various specialized healthcare hospitals in Louisiana, Texas and Mississippi.
Maxim has developed an efficient model to provide specialized inpatient rehab care and add value to the local community continuum of care. These services complement the acute hospital stay and serve as a more efficient interim care model prior to when either a home health care provider or longer term care provider may be required. With inpatient rehabilitation following an acute care stay, nearly 80 percent of all patients admitted to an inpatient rehabilitation hospital were discharged back to their home environment and functioning independently.
Inpatient physical rehabilitation hospitals provide intensive care that requires that each patient receive at least three hours of intensive rehabilitative therapy daily for a minimum of five days a week, during their stay. This standard separates the free standing independent rehabilitation facility (IRF) from the skilled nursing units or therapy services provided in long term care settings. IRF is also different from long term acute care (LTAC) hospital criteria since the average length of stay in an LTAC hospital must meet the required 25 days due to the more complex patients that are admitted. By contrast, the average median length of stay for IRF patients is 12-15 days, and they must meet a set list of specific diagnoses used for admission criteria.
Maxim functions in complementary fashion with other local healthcare providers. The company does not compete with local acute-care hospitals but rather coordinates with the local providers to offer the most efficient and effective functional outcomes for the patients that are treated. Local physicians and nursing professionals also benefit from the convenience of being able to work within their local communities rather than commuting back and forth to the larger cities, and local doctors can remain on the medical team.
ABOUT MAXIM MANAGEMENT GROUP
Maxim Management Group of Texas is led by an executive team with extensive personal experience in all phases of specialized hospital care. The company pursues a business model built around owning and operating inpatient physical rehabilitation hospitals in vibrant, rural populations and focuses its services to the growing senior population.
Maxim plans to expand its network of inpatient rehabilitation primarily through strategic acquisitions and new construction in select rural markets regionally, including Texas and Louisiana. New projects include construction in Weatherford, Texas (2013) and an acquisition in Louisiana (2013). For more information about Maxim Management Group of Texas, please visit the website at www.maximmgmt.com or call (214) 472-4100.