Tag: home and community-based services

NASHVILLE, Tenn. – CareBridge, a value-based care solution for patients receiving home and community-based services, has closed a $140 million financing round, valuing the company at more than $1 billion.  Over the past 12 months, the company, whose intervention has been shown to reduce emergency room visits, hospitalizations and total costs, has grown more than 17x, expanding from serving about 1,100 full-risk patients in June 2021 to about 19,000 today.  “CareBridge...

The Tennessee Senate has passed SB 2134, legislation to strengthen access to complex rehab technology. It would prohibit insurers from considering the location where CRT products will be used when making a medical necessity determination; require insurers to offer a prior authorization process for coverage determinations; and require insurers to pay 100% of benefits approved in a prior authorization issued by a plan. The legislation now heads to the Tennessee House for consideration. A companion...

WASHINGTON – CMS will offer more than $110 million to expand access to home and community-based services (HCBS) through Medicaid’s Money Follows the Person (MPF) program.  The new Notice of Funding Opportunity (NOFO) makes individual awards of up to $5 million available for more than 20 states and territories not currently participating in the MPF program. The funds will support initial planning and implementation to get new programs off the ground to ensure more people with Medicaid...