And then as you know, on our federal contracts, wage determinations are required by contract, which in turn we have to pay those rates with our employees under those contracts. So if those wages go up, And regardless, if they go up modestly or meaningfully, we get reimbursed dollar for dollar through our contracts. And so that's a great feature in those contracts. So if those wages continue to go up, which typically those are a little slower to see adjustments year over year versus our state contracts. So we could see some meaningful increases in salaries through the wage termination process here in a couple of years and in turn I'll have to get reimbursed for that and announce that I could adjust our per diems in a pretty meaningful way.

May 8, 2024 / CEO / receipt, needs a key / Damon H. Hininger, CEO | earnings call 2024-05-08 | transcript a3df8a68-be6f-42d4-bba0-d88378636938 | chars 29664-30412 | segment 30

So I think we've been really good at getting those per diem increases the past couple years. Most states are in legislative session right now, so hard to say what is going to happen July 1 of 24, but we continue to have those conversations, particularly in states where we didn't necessarily get a per diem increase that fully compensated us for the wages that we provided the past year or two.

May 8, 2024 / CEO / receipt, needs a key / Damon H. Hininger, CEO | earnings call 2024-05-08 | transcript a3df8a68-be6f-42d4-bba0-d88378636938 | chars 31430-31824 | segment 31