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. […]
Category: Innovation
While many senior care providers are currently trying to work themselves into the home, two of the largest in-home care franchise companies have found a way to work themselves out of it. Senior Helpers and BrightStar Care have each launched real estate-based business lines over the past few years. Both have managed to build on […]
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 […]
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 […]
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 […]
Ready, an on-demand health care startup that delivers home- and community-based services, has raised $54 million in Series C funding. Among the investors in its latest funding round: GV, the venture capital arm of Alphabet Inc. (Nasdaq: GOOGL), the parent company of Google. The recent boost in funding has brought Ready’s valuation to over $350 […]
When Dr. Cleamon Moorer, Jr., acquired American Advantage Home Care Inc. in June 2019, he understandably envisioned the Patient-Driven Groupings Model (PDGM) being his business’s No. 1 challenge in the year ahead. But then the COVID-19 virus came along, forcing Moorer to totally rethink his home health agency’s priorities and future plans. So far, that […]
Today, in-home medical care provider Landmark Health has a footprint that covers about 15 states and roughly 50 communities. Two years ago, its footprint was less than half of that. The rapid growth of the Huntington, California-based company closely aligns with a larger trend: the widespread expansion of health care services into the home. This […]
One of the chief concerns for seniors that home care providers have helped tackle over the years has been medication management. That concept is now being taken to the next level by a handful of companies operating in the home-based care arena. HouseWorks, a large Boston-based provider of private-pay home care, has partnered with the […]
Bruce Broussard joined Humana Inc. (NYSE: HUM) as its president and CEO in 2011. Since then, he has helped steer the Louisville, Kentucky-based company toward a future that’s largely focused on “the home” and social determinants of health (SDoH). Humana has made several moves in those two areas, especially in recent years. They include its […]
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