Tag: Value-Based Care

NEW YORK – With a new $60 million investment under its belt, Tomorrow Health plans to “double down” on its partnership with the HME industry, says CEO Vijay Kedar.  “This funding is a demonstration of how valuable the HME industry is and will be toward transforming health care overall and that’s what investors are motivated by,” he said. “Our focus and our intention is to be the best possible partner to HME suppliers big and small and to enable them...

MIAMI – With his background in primary and urgent care settings, John Criswell saw firsthand how broken the health care system is, but when an injury in 2020 forced him to navigate it as a patient, he knew, “It has to be better.”  So, he created Porter, a technology platform to connect members with products and services to manage recovery at home, recently launching a website, www.helloporter.com.  “One of the first questions a patient asks is, ‘How soon...

MIRAMAR, Fla. – Integrated Home Care Services, an independent administrator of home health, DME and home infusion benefits, plans to offer expanded services in 13 states to meet the growing demand for home care. Founded in 2015, IHCS currently serves the home care needs of more than 2.2 million patients through partnerships with managed care organizations and risk-bearing provider organizations across the country. "IHCS was created to better meet the needs of the managed care industry,”...

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...

LOUISVILLE, Ky. – Humana is bringing its onehome value-based home care model to Virginia, as it continues to build its Home Solutions business.  onehome, a subsidiary of Humana, will coordinate convenient in-home care services for Humana Medicare Advantage plan members in the state, working closely with existing home care providers in the market.  “Humana’s acquisition of onehome in 2021 and expansion into Virginia this year further advances the company’s...

EDEN PRAIRIE, Minn., and LAFAYETTE, La. – Optum, part of UnitedHealth Group, has agreed to buy LHC Group, a home health provider, for $170 per share of common stock in a play to extend value-based care into the homes of patients.  LHC Group’s history of quality home and community-based care matched with Optum’s extensive value-based care experiences and resources will accelerate the combined company’s ability to deliver integrated care, improving outcomes and patient...

A pharmacist by training, Jonathan Ogurchak has spent the last decade following the concept of value-based care, which all too often, focuses only on inpatient or immediate outpatient settings.  “There are not the levels of standardized data there where you can see the ability (we have) to provide care for patients,” said Ogurchak, CEO & co-founder of STACK, a pharmacy information management platform. “We’re slowly starting to peel back the layers of the onion where...

LOUISVILLE, Ky. – Humana has signed a definitive agreement to acquire onehome, a provider of a variety of home-based services, from WayPoint Capital Partners.  onehome has been operating a value-based model in Florida and Texas, and has served Humana members since 2015.  “At Humana, we are implementing a strategy to build a new value-based home health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for...

PITTSBURGH and NASHVILLE, Tenn. - Allegheny Health Network will provide DME, home infusion and other homecare products and services as part of a new joint venture between health insurer Highmark Health and Contessa.The venture, called Home Recovery Care, will provide inpatient care in the home using telemedicine, in-home providers and Contessa's technology for coordinating care.“Creating a value-based experience that enables patients and families to heal in the home is a priority for Highmark...