News and Market Developments
Accompany Health: Accompany Health Launches to Care for Low-Income Patients with Complex Needs (1/30) - Accompany Health, a primary, behavioral, and social care provider for low-income patients with complex needs, announced its launch with $56 million in Series A funding from investors including Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced. Offering at-home visits, virtual care, and 24/7 support, Accompany Health can serve as a patient’s primary care provider or collaborate with their existing doctor.
Home Health Care News: Elara Caring CEO Scott Powers: MA Plans Coming To Negotiating Table With More ‘Reasonable Expectations’ (1/30) - When there are as many problems to hurdle in a space such as home health care, leaders have to prioritize. For Elara Caring, its focus is on caregiver and patient experience. Home Health Care News sat down with Powers to discuss the company’s top focuses in 2024, and also what they’re keying in on when it comes to Medicare Advantage plan negotiations, specific service line growth and next-generation technology.
Modern Healthcare: Hartford HealthCare CEO Looks to Home Care (1/26) - Hartford HealthCare CEO Jeffrey Flaks is looking at home care for the system's next potential partnership as a way to solve patient access issues. "There are more opportunities to figure out how to move lower-acuity care out of the expensive hospital setting into more affordable settings, where care can be done at a fraction of the price with higher performance," Flaks said. "People build more offices, they hire more providers and it [still] takes us longer to get a physical and even longer to get a specialty visit." In an interview, Flaks talked about the need for partnerships and his interest in home-based care and artificial intelligence.
BrightStar Care: BrightStar Care and Paragon Healthcare Collaborate to Deliver a High Standard of Care to Patients (1/24) - Paragon Healthcare, a provider of health care solutions has joined forces with BrightStar Care, the nation's leading home care and medical staffing agency with more than 380 corporate-owned and franchise locations as its premier partner for home infusion services. This strategic collaboration enables Paragon Healthcare to efficiently enhance the delivery of high-quality home infusion services to a broader clientele through BrightStar Care's nurse-led, Joint Commission-accredited care model.
DispatchHealth: DispatchHealth and Instacart Partner to Tackle Food Insecurity through Health Care (1/23) - MHH member DispatchHealth announced a partnership with Instacart to ensure patients have access to nutritious foods. Using Instacart Health technology, DispatchHealth’s in-home providers can now prescribe food interventions as easily as they do traditional medications. This collaboration marks a significant step forward in the ongoing battle against the substantial impact of food insecurity on health care costs.
The Florida Senate: Senate Committee Expands Services for Floridians with Disabilities (1/23) - The Florida Senate Committee on Children, Families, and Elder Affairs passed SB 1758, Individuals with Disabilities, to expand services to Floridians with disabilities. The bill reduces the age requirement for a person’s caregiver in pre-enrollment category 4 from 70 years of age to 60 years of age, or older.
Healthcare IT Today: Empowering the Behavioral Health System with Home-Based Technology Solutions (1/22) - From the massive expansion of telehealth brought on by the pandemic to prescription video games, promising new technological advancements coupled with a reduced stigma towards behavioral health conditions are making mental health care more accessible than ever before. Technology, particularly home-based health devices, can help to overcome certain behavioral health hurdles. However, it is important to utilize technology in a way that keeps people at the center of every treatment decision. Focusing on person-centered care, home-based health technology can be a powerful tool that has the potential to revolutionize the health care landscape and restore personal dignity to those in need.
Biofourmis: Biofourmis Expands Access to Care and Streamlines Workflows with Integrated On-Demand In-Home Services Ecosystem (1/17) - MHH member Biofourmis announced the launch f its in-home services solution. The functionality is the catalyst for an ecosystem of in-home service partners that will improve care delivery in the home by enabling patients to receive needed care sooner while improving efficiencies for clinicians.
WellSky: WellSky and The LTM Group Partner to Advance Data-Driven, Patient-Specific Care in the Home (1/17) - MHH member WellSky, a health and community care technology company released a case study highlighting how home health agency The LTM Group utilized WellSky's analytics tools to rapidly decrease hospitalization rates and make a significant impact on patient care.he LTM Group has been utilizing two analytics solutions in the WellSky Insights suite. WellSky CareInsights for Home Health provides predictive measures of hospitalization risk, care setting suitability, and the likelihood of improving daily living activities. WellSky Value-Based Insights identifies connections between an agency’s performance and opportunities to participate in value-based agreements with payers and referral partners.
Modern Healthcare: Is Health Care Relying Too Much on Family Caregivers? (1/10) - As more care moves into the home, family caregivers are becoming an essential linchpin in the health care system. New healthcare models, a shortage of direct-care workers and an aging population are contributing to a growing reliance on unpaid family members to help tend to the health and personal needs of sick patients in their homes. As CMS and Congress weigh the model’s future, the Biden Administration has been trying to clarify the role family caregivers can or should play in hospital-at-home.
Becker's Health IT: Home-Based Care's Role in 'Flattening the Curve' of Health Care Costs (1/8) - Stephen Dorner, MD, chief clinical and innovation officer of Mass General Brigham Healthcare at Home, states that the more home-based care models are scaled, the more opportunity there is to move the needle and flatten the curve of health care costs in the U.S. The core strategies, according to Dr. Dorner, involved transforming manual processes into standardized workflows and focusing on translating strong clinical practices from traditional facilities to home-based care without sterilizing the comfort of the home environment. Looking ahead, Dr. Dorner envisions the home-based care model playing a pivotal role in reshaping health care delivery. The home environment provides a unique opportunity to eliminate silos and gaps in traditional care, creating a patient-centered continuum of care.
WellBe Senior Medical: WellBe Senior Medical Secures Investment from CVS Health Ventures to Accelerate Nationwide Expansion (1/7) - WellBe Senior Medical, an in-home value-based care provider to the Medicare Advantage population, announced an investment from CVS Health Ventures, the corporate venture capital arm of CVS Health. This strategic partnership and investment will help to accelerate WellBe's national expansion. WellBe's prescribing providers bring specialized geriatric care into the patient's home. Many of the services available from a typical physician clinic are now delivered to the home, proactively managing care for the sickest and most complex Medicare Advantage patients.
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