Navigating Unprecedented Growth: The Recovery Innovations Case Study

This OPEN MINDS Executive Roundtable was delivered on November 7, 2024, by David W. Covington, Chief Executive Officer and President for Recovery Innovations, Inc. He discussed how RI turned huge revenue losses into “unprecedented” growth. In 2022, operationally, RI was losing $1 million per month. Registry costs for filling key nursing and physician roles were up $10 million. Census was down across RI’s facilities nationwide, and the lack of a regulatory and payment pathway for the emerging crisis facility industry meant there wasn’t a clear path for success. Yet, entering fiscal year 2025, RI is the nation’s . . .