News and Market Developments
Healthcare Finance News: Another Home Health Initiative in Joint Venture Between Jefferson Health and Bayada (11/17) - Preliminarily referred to as "Jefferson Health at Home," the joint venture will leverage the employees of both organizations for healthcare services delivered at home. There will be an emphasis on care transitions and access to in-home and virtual care. The agreement, which is expected to be finalized in spring 2022, also includes an academic affiliation which will create new training opportunities for Jefferson students, particularly those at the Jefferson College of Nursing.
Home Health Care News: MedArrive Raises $25 Million, Hopes to Make 'Tends of Thousands' of At-Home Care Visits Next Year - (11/17) The funding round was led by the venture capital fund Section 32, which invests in businesses on the frontier of health care and technology. Section 32 also previously invested in Current Health, a home-focused remote patient monitoring platform that was recently acquired by Best Buy. Other investors such as 7wireVentures and Leaps by Bayer also participated in the round, as did MedArrive’s initial investors: Define Ventures, Kleiner Perkins and Redesign Health.
Home Health Care News: SCAN Group Launches Home-Based Primary Care Arm 'Welcome Health' (11/16) - SCAN Group has entered into the in-home senior primary care space with the launch of Welcome Health. Dr. Scott Weingarten will serve as CEO of the independent primary care medical group moving forward. SCAN Group is a nonprofit organization focused on helping older adults age in place.
InsideNOVA: Inova Partners with DispatchHealth to Provide In-Home Urgent Care (11/16) - Inova has partnered with DispatchHealth to bring on-demand medical care to patients in their homes for urgent illnesses and injuries that do not require an emergency room visit. Inova will be leveraging DispatchHealth’s platform which delivers, provides, and coordinates medical care to patients for a wide range of injuries and illnesses.
NewsOn6: Home Healthcare Industry in Need of More Workers - (11/16) - During the pandemic, health care leaders say the demand for home healthcare workers has gone up while the number of people willing to work has gone down. Home Instead Senior Care is a home health care service provider for people who need non-medical or personal care services such as help bathing or getting dressed. Owner Andrew Garrean says before the pandemic began they had 100 employees, but now they are down to 76. He says the medical field as a whole is struggling right now and home health care has not been immune.
Home Health Care News: Resilient Healthcare, Medical City Healthcare Partner for Hospital-at-Home Venture (11/15) - Through the partnership, eligible patients are connected to a live remote patient monitoring (RPM) device that continuously tracks blood pressure, before they leave the hospital and transition to their home. Resilient has a traditional home health arm, as well as a hospital-at-home model and their care team includes PTs, OTs, speech therapists, dietary specialists and more.
New Jersey 101.5: NJ Hospital Admitting Patients to Their Own Home (11/14) - Holy Name Medical Center is currently handling the 30th admission into its Hospital at Home program — a program tested and approved by the Centers for Medicare and Medicaid Services — which gives patients as much attention and treatment as they'd receive during a hospital stay, but from the comfort of their own home. Among the tools provided to at-home patients is a call button that can dispatch a nurse to a patient's home at any time of day or night.
mHealthIntelligence: Penn State Health, Highmark, Contessa Partner to Launch Home Care Joint Venture (11/12) - Dubbed Penn State Health Home Recovery Care, the joint venture will offer both hospital-level care and skilled nursing care in patients' homes through a combination of in-person and virtual services. The joint venture will leverage Contessa's risk-based model that utilizes a technology platform and provides patients with the devices they need to connect with their care team. Some of the conditions that will be treated via the joint venture include pneumonia, cellulitis, congestive heart failure, urinary tract infections and chronic obstructive pulmonary disease.
9News: Medical Care at Home is Helping to Free Up General Hospital Beds in Colorado (11/10) - The hospital-at-home model is being implemented at numerous sites around the country by VA hospitals, health systems, and home care providers. Earlier this month, 94% of general hospital beds in Colorado were being used by patients. Since January 2020, statewide DispatchHealth said it has prevented more than 38,000 emergency room visits and more than 1,000 hospitalizations by taking care of patients in the home.
Advisory Board: 11 Surprising Ways the Pandemic Changed Health Care (11/10) - In this article, Advisory Board experts share their thoughts on what has changed in health care since the start of the pandemic. Numerous people mention the shift to more home-based care as an opportunity to improve quality of life, accelerate value-based care, and improve health equity.
Healthcare Innovation: Signify Health CMO Stresses the Value of In-Home Evaluations (11/8) - In a recent interview with Healthcare Innovation, Marc Rothman, M.D., chief medical officer at Signify Health, spoke about some of the benefits he has seen as his organization partners with Medicare Advantage plans to provide in-home evaluations to thousands of members. Rothman sees the in-home assessments as part of a larger trend of trying to deliver more care to patients in the home. The in-home visit allows the clinician to better focus on a much more holistic picture, and talk about things like smoking cessation, advanced directives, which take more conversational time than just a routine clinic visit.
Fierce Healthcare: Moving Health Care Home: Insights We've Learned in Kidney Care (11/8) - The pandemic sparked new energy around moving health care into the home. From prescription drugs to hospital services and long-term care, investment is pouring into new companies with promising business models that could make home health care work at scale. While this is a fresh take for many health care companies, it isn’t new in kidney care. Some insights learned that can be helpful to other in-home care include: knowing your patient's environment, committing to the patient experience, and deepening connectivity with smart technology.
The Hill: Lobbying for Choose Home Legislation Amps Up (11/8) - In this opinion piece, the authors make the case for Choose Home. They explain that the time has come for Congress to enable greater patient choice so that American families can choose to safely transition Medicare beneficiaries to the home setting for post-acute recovery. Doing so requires embracing policies that modernize the existing Medicare Home Health Benefit. Under an enhanced home health benefit, many Medicare beneficiaries who live at home and meet Medicare Skilled Nursing Facility eligibility requirements would have the option to receive extended home-based care services.
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