News and Market Developments
Healthcare IT News: How health systems should be preparing now for the future of hospital at home (3/23) – As CMS signals longer-term changes in acute RPM reimbursement and Amazon teams with major providers to push for new policies, clinical and IT leaders should start planning ahead, says one expert. "Everyone has to be thinking about this."
Home Health Care News: VillageMD CEO: Life-Changing Primary Care Needs a Home-Centric Approach (3/23) – VillageMD has effectively taken a home-based approach to primary care since its inception. That, plus its risk-based model, has made its services especially relevant over the last year. Founded in 2013, the Chicago-based VillageMD, through its subsidiary Village Medical, provides value-based primary care services. It has grown from a primary care practice of 13 physicians to a network of more than 2,800 across nine markets. This past summer, it netted a massive partnership with Walgreens Boots Alliance (Nasdaq: WBA). Specifically, Walgreens announced it will invest $1 billion in equity and convertible debt into VillageMD over the next three years. That includes a $250 million equity investment already completed in July.
Anthem to Acquire myNEXUS, Home Health Benefits Manager (3/24) – Anthem, on March 24, announced that the company has entered into an agreement to acquire myNEXUS, Inc. (“myNEXUS”), a comprehensive home-based nursing management company for payors. myNEXUS delivers integrated clinical support services for approximately 1.7 million Medicare Advantage members across 20 states.
Home Health Care News: Focus on In-Home Care Helps Signify Health Hit $610.6M in 2020 Revenue (3/25) – Signify Health (NYSE: SGFY) — a value-based platform that leverages analytics and technology to divert care into the home — recently went public, impressing in its stock market debut by posting a market capitalization of $7.12 billion. With a few months underneath its belt as a publicly-traded company, Dallas-based Signify, a New Mountain Capital portfolio company, believes it’s primed to be on the cutting-edge of the overall shift of care into patients’ homes.
Home Health Care News: Hospital-at-Home Holdouts: Why In-Home Acute Care Isn’t for the Faint of Heart (3/28) – After making gradual inroads over the past few years, the hospital-at-home model has seemingly had its breakthrough moment. That came in November, when the U.S. Centers for Medicare & Medicaid Services (CMS) introduced its “Acute Hospital Care At Home” wavier program. The creation of CMS’s wavier — a COVID-19 relief measure — has created a path forward for hospitals already working in the in-home care space, as well as those looking to enter for the first time. Despite widespread interest, some hospitals are still gun shy, focused more on their brick-and-mortar operations than the hospital-at-home concept. Although it has been around for a while, the hospital-at-home model seems tailor-made for the current time.
Advocate Aurora Enterprises Acquires National Leader in Home Care and Wellness Offerings Senior Helpers (4/1) – Advocate Aurora Enterprises on Thursday announced its acquisition of Senior Helpers, a national leader in home care and wellness offerings for seniors. The investment is the second for Advocate Aurora Enterprises, recently established by Midwest-based Advocate Aurora Health to invest in businesses that enable people to improve their health and well-being beyond traditional clinical care settings. It is focusing its investments in three key categories: aging independently, parenthood and personal performance. The Maryland-based Senior Helpers has more than 320 franchised and corporate-owned locations in 44 states, Canada and Australia that provide home care services and wellness services for seniors, including meal planning, grocery shopping, medication reminders, transportation, companionship, assistance with personal hygiene and more.
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