In April 2019, the U.S. Centers for Medicare & Medicaid Services (CMS) rolled out a new suite of direct-contracting payment models, with the goal of accelerating the shift to value-based care. Since then, exactly 51 direct-contracting entities (DCEs) have signed up for either the ”global” or “professional” options. Among them is Huntington Beach, California-based Landmark […]
The degree to which venture capitalists were interested in at-home care may have been overplayed at one point. But that’s becoming less and less the case. That’s according to Chris Booker, a partner at the Nashville, Tennessee-based venture capital firm Frist Cressey Ventures, which has itself frequently invested in the at-home care space. “From a […]
Papa Inc. — the rapidly growing company that originally launched as a “grandkids-on-demand” platform to help curb senior isolation and loneliness — announced Tuesday it is rolling out a new virtual care platform known as “Papa Health.” The news marks the latest development for the Comcast Ventures-backed startup. Currently, Miami-based Papa is a membership-based platform […]
Bob Kramer was exposed to the aging industry in the 80s when he was serving as a Maryland state legislator. Kramer realized that the aging space was going to become more important — and that seniors would need more resources to be properly cared for in the future. Some of the same problems that existed […]
In-home care startups looking to address cracks in the health care system have seen those cracks — as well as their businesses — grow larger during the COVID-19 pandemic. Papa, an on-demand companionship service company, set out to address a loneliness epidemic when it launched in 2018. Today, quarantines and infection fears have created an […]
DispatchHealth announced Tuesday that it has teamed up with MultiCare — a Tacoma, Washington-based health system — to offer care through a new hospital-at-home program. The news comes roughly two weeks after the U.S. Centers for Medicare & Medicaid Services (CMS) made a major announcement about allowing “unprecedented” flexibilities when it comes to offering hospital-level […]
Dan Trigub — the recent head of Uber Health and a former member of Lyft’s health care arm — has always been passionate about home care. Before joining Uber (NYSE: UBER), Trigub owned his own startup focused on the aging population. For the past 15 or so years, his family has even operated one of […]
The Centers for Medicare & Medicaid Services (CMS) last week took extraordinary steps toward increasing the U.S. health care system’s capacity by shifting more acute care into the home. In a Wednesday announcement, CMS unveiled new, comprehensive flexibilities that allow hospitals to provide their services “in locations beyond their existing walls.” To secure those flexibilities, […]
The founder of UnitedHealth Group Inc. (NYSE: UNH) is launching a special-purpose acquisition company (SPAC) that has its eyes set on a $300 million public offering. Senior care — and home-based care, in particular — will be among the new entity’s priorities. Richard Burke became the longest-serving director of UnitedHealth Group after he founded the […]
The idea that the home setting could serve as an alternative care site — taking the pressure off of hospitals facing over-capacity challenges — really took flight in the midst of the COVID-19 emergency. In some ways, large health systems with home-based care arms were able to navigate this shift more seamlessly. As another COVID-19 […]