Apollo Medical Holdings Launches New Home Health, Hospice Subsidiary
Apollo Medical Holdings, Inc., an integrated physician-centric health care delivery company, announced recently the launch of a new subsidiary, Apollo Palliative Services (APS), with the acquisition of majority stakes in both a hospice agency and a home health company.
The hospice agency serves three counties in Southern California, with an average daily census of 40 to 60 patients, while the home health agency services three counties in California with an average daily census of 100 to 140. In conjunction, Apollo Medical Holdings (ApolloMed) has appointed Liviu Chindris as president of APS.
APS will serve as a single source for hospice, palliative care and home health services for ApolloMed’s health plan, hospital and independent physician association (IPA) clients, in addition to its own subsidiaries and affiliated medical groups: ApolloMed ACO, Maverick Medical Group, AKM Medical Group, ApolloMed Care Clinics and ApolloMed Hospitalists.
The hospice division of APS will serve terminally ill patients and their families through the use of an interdisciplinary team. Depending on their needs, each hospice patient and their family is assigned a team comprised of a physician, nurse, home health aide, medical social worker, chaplain, dietary counselor and bereavement coordinator. Hospice and palliative care services are provided in the patient’s home, assisted living/nursing home, or in a hospital.
The home health division will provide direct home skilled nursing and therapy services, as well as specialty programs, such as disease management education, nutrition and help with daily living activities.
ApolloMed says several factors will contribute to the growth of its hospice and home health business: aging demographics, recognition that in-home services are significantly more cost-effective than institutional care, medical and technological advances that allow more health care procedures and monitoring to be provided at home, and the benefits of recuperating from an illness or receiving care for a chronic condition in one’s own home.
“The addition of hospice and home health services will enhance our integrated care model and provide a good platform for the expansion of APS,” said ApolloMed CEO Warren Hosseinion. “We believe that as an efficient operator of integrated healthcare delivery, we are favorably positioned to benefit from current industry trends.”
Written by Emily Study