WellBe Senior Medical has received an investment from CVS Health Ventures, the corporate venture capital arm of CVS Health (NYSE: CVS). The company did not disclose the investment amount. The funds will further fuel WellBe’s national expansion. Currently, the company operates in seven states across the U.S. Most recently, it set up shop in Oregon. […]
Category: Home-based primary care
Over the years, Walgreens Boots Alliance (Nasdaq: WBA) has increasingly shifted its focus to the company’s U.S. Healthcare services segment. On Thursday, the retail giant made it clear that beefing up this arm of its business, and further solidifying its place in the health care sector, is still a priority. “We are on a path, […]
Wellness isn’t just a health care buzzword. In fact, it’s what’s driving business strategies across the senior care continuum. Providers of all shapes and sizes are looking to achieve wellspan, and executives at organizations like Humana Inc. (NYSE: HUM) and Lifespark are doing so by leveraging data, care coordination and more. For Humana, a major […]
Over the years, Humana Inc. (NYSE: HUM) has been vocal about prioritizing value-based care. On Wednesday, it released its annual “Value-Based Care Report,” which affirms why its been crucial to the company’s Medicare Advantage (MA) beneficiaries. Overall, MA members who are getting care through value-based arrangements received more time with their primary care physician. These […]
CVS Health (NYSE: CVS) is ramping up efforts around two of its most recently acquired home-based care and primary care assets. “We are scaling capabilities to accelerate growth at both Signify and Oak Street,” Karen Lynch, president and CEO of CVS Health, said during he company’s third-quarter earnings call Wednesday. CVS Health originally completed its […]
Best Life Brands names CFO Best Life Brands has appointed Kevin Vesely as its new chief financial officer. “We enthusiastically welcome Kevin to the Best Life Brands family to execute our continued success and financial health,” Best Life Brands CEO J.J. Sorrenti said in a press release. “His diverse experience, including private equity success and […]
WellBe Senior Medical is expanding its footprint, this time through an entrance into Oregon. “We’re working on additional expansions, likely to come in 2024, that will bring us into Washington, and a couple other states out in the Pacific Northwest,” Mike Stuart, chief growth officer at WellBe, told Home Health Care News. “We’re excited to […]
Humana Inc. (NYSE: HUM) – one of the largest insurers and home health providers in the country – announced a leadership transition Wednesday. Longtime CEO Bruce Broussard will step down, with Jim Rechtin stepping into his position in 2024. This was a “long-planned” CEO transition, according to Humana. Rechtin will join Humana on Jan. 8, […]
The utilization of home-based primary care (HBPC) for high-need, high-cost patients could lead to lower rates of potentially avoidable hospitalizations after two years of care. That’s according to a new study published in the Journal of General Internal Medicine. However, the study did not find any conclusive evidence that showed HBPC reduces avoidable hospitalizations in […]
There are significant differences in home-based medical care utilization between Medicare Advantage (MA) and traditional Medicare beneficiaries. Specifically, having exactly one home-based medical care visit was 31 times as likely for MA beneficiaries, at 18.6%, compared to traditional Medicare beneficiaries at 0.6%. That’s likely, in part, due to incentives in the MA program to code […]
Subscribe
Receive industry updates and breaking news from HHCN