In Rapidly Changing Value-Based Care Landscape, Home-Based Care Providers Facing Crunchtime

Home-based care providers avoiding the shift to value-based care are running out of time and excuses. The Centers for Medicare & Medicaid Services (CMS) wants 100% of traditional Medicare beneficiaries and the “vast majority of Medicaid beneficiaries” in accountable care relationships by 2030. Home health providers are already under the Home Health Value-Based Purchasing (HHVBP) […]

CVS Health Puts Signify’s In-Home Capabilities On Display

Signify Health continues to showcase the effectiveness of CVS Health’s (NYSE: CVS) in-home capabilities. Signify — CVS Health’s acquired value-based care platform — conducted 649,000 in-home evaluations for multi-payer Medicare Advantage partners in the fourth quarter of 2023, marking a 20% increase from the previous year. “Among our Aetna customers, we are broadening our addressable […]

CVS Health Ventures Backs Home-Based Care Company WellBe Senior Medical

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. […]

CVS Leveraging Health Care Services Segment To ‘Leapfrog’ Its Peers

CVS Health (NYSE: CVS) held its investor day Tuesday, which included company leaders’ ambitious plan for the future. That plan includes a synchronization of its health care delivery arm with the rest of the enterprise, and that health care delivery arm, of course, includes home-based health care. “We said we wanted to be in primary […]

Aetna Bucks Medicare Advantage Trend, Continues To Invest In Home-Based Care Benefits

Funding for fee-for-service home health care and home- and community-based services ebbs and flows. But the payer source most likely to dictate the future of home-based care providers – across the board – is Medicare Advantage (MA). MA plans aren’t immune to tough rate environments, either. In fact, they’re in one right now. That’s one […]

With Signify Health Under Its Belt, CVS Health Continues To Get Creative

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 Appoints New Chief Financial Officer; CVS Health CFO Announces Leave Of Absence

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 […]

Walgreens, CVS Health Are Banking On Home-Based Care

Walgreens Boots Alliance (Nasdaq: WBA) has invested a boatload of money into health care services and home-based care over the last three years. On Oct. 23, however, it will have a new leader. That change could affect the retailer’s home-based care plans, but maybe not in the way some expect. If anything, Walgreens will be […]

Home-Based Primary Care Can Lead To Modest Improvements In Avoidable Hospitalizations

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 […]