New CMS Data Highlights ‘Massive’ Expansion of Home Care-Related Medicare Advantage Benefits

The U.S. Centers for Medicare & Medicaid Services released a treasure trove of new Medicare Advantage (MA) statistics late Thursday. While the new numbers flag a general rise in MA enrollment and drop in premiums, they also reveal a massive expansion of the supplemental benefit programs that have gotten home care operators so excited over […]

Anthem Reportedly in Talks to Buy CareCentrix

Dealmaking rumors continue to swirl this week. In the latest piece of M&A gossip, Anthem Inc. (NYSE: ANTM) is reportedly in “late-stage” talks to acquire the PE-backed CareCentrix, according to PE Hub. Rumors of a possible CareCentrix deal come just days after reports surfaced about Centerbridge Partners and Vistria Group going after Wellspring Capital Management’s […]

Verma’s Comments Signal Turning Point for In-Home Care

The U.S. Centers for Medicare & Medicaid Services (CMS) on Wednesday released $165 million in supplemental funding for Money Follows the Person (MFP) programs, which encourage transitions from long-term care facilities to home- and community-based settings.  In the grand scheme of government health care spending, $165 million is only a drop in the bucket. In […]

Amazon Expands In-Home Care Program

About a year ago, Amazon (Nasdaq: AMZN) announced the launch of a new virtual care clinic to give some of its employees access to telehealth and in-home care services. The online retail giant is now expanding that program — dubbed “Amazon Care” — as it takes another step closer toward disrupting the in-home care landscape. […]

CMS Announces $165M to Support Home Care, Reduce ‘America’s Over-Reliance’ on Nursing Homes

The U.S. Centers for Medicare & Medicaid Services (CMS) took a new step on Wednesday to support care transitions from long-term care facilities into home- and community-based settings. On Wednesday, CMS announced the availability of up to $165 million in supplemental funding to states currently operating Money Follows the Person (MFP) demonstration programs. MFP programs […]

Comcast Ventures-Backed Papa Raises $18M, Sets Sights on National Expansion

Papa — the on-demand companionship service for older adults and their families — has added a substantial amount of new capital to its coffers. The Miami-based startup announced Tuesday it has raised another $18 million for its Series B round, with investment led by Comcast Ventures, Comcast Corporation’s investment arm. The new funding brings Papa’s […]

‘We’re Swimming in Opportunities’: Primetime Partners Ready to Make Its Mark on Aging in America

Year after year, startups in the health and wellness space capture more venture capital dollars than almost any other business sector, apart from maybe cybersecurity or financial technology. Despite VC’s heavy focus on health, early-stage companies that specifically operate in the aging services and senior care arenas often go overlooked. Launched in July by one […]

PE Firms Reportedly Strike $1.4B Deal for Wellspring’s Help at Home

The M&A rumor mill is starting to heat up in the home-based care space. On Friday, reports surfaced that Centerbridge Partners and Vistria Group are teaming up on a $1.4 billion deal for Wellspring Capital Management’s Help at Home. The rumored deal is valued off of EBITDA in the $110 million to $120 million range, […]

CareFirst, MedStar Look to Lower Care Costs by $400M in New Value-Based Care Partnership

CareFirst BlueCross BlueShield and MedStar Health are teaming up on a new value-based health care initiative aimed at improving affordability, accessibility, quality and patient experience for the communities they serve. Announced Wednesday, the new value-based care partnership will prioritize positive patient outcomes and value, as opposed to a more traditional payment approach built on the […]

CMS Issues New Guidance to Advance Value-Based Payment Models in Medicaid

The U.S. Centers for Medicare & Medicaid Services (CMS) is once again calling attention to its previously outlined commitment to value-based care strategies. The agency on Tuesday released new guidance to help states shift more toward value-based approaches under their Medicaid programs. The overarching goal of the guidance is to better align health care provider […]