When CEO Joel Theisen began Minnesota-based Lifesprk more than a decade ago, he started out with about $500,000 and a handful of employees. Theisen has turned his diverse home-based care company into a roughly $35 million business since then, while simultaneously launching a joint venture with one of the largest health systems in the country. […]
The 20th episode of our podcast, Disrupt, is now available! If you haven’t yet heard of Minnesota-based Lifesprk, you likely will very soon. Led by CEO Joel Theisen, Lifesprk provides a range of services in the home — including home-based primary care — to help seniors achieve their health and wellness goals. The model has […]
Since the Affordable Care Act was enacted in 2010, U.S. health care spending has steadily climbed — along with the country’s population of older adults and those with chronic conditions. To help bend the cost curve and deliver care to seniors in their preferred setting, health care has, in turn, noticeably shifted into the home […]
As the home care industry continues to seek out ways to evolve and deliver better care to older adults, providers may soon find themselves operating in a largely untapped arena — real estate. That’s according to senior care expert Bill Thomas, one of the masterminds behind the Green House model of smaller senior living properties […]
Venture capital powerhouses GV, General Catalyst and Andreessen Horowitz are paying close attention to the home-based care space, betting that health care will continue its mass exodus out of hospitals, skilled nursing facilities (SNFs) and other facilities. Andreessen Horowitz — which led San Francisco-based home care startup Honor’s $20 million Series A round back in […]
As the health care industry continues to move toward value-based payment, at-home care providers have more opportunity to shine than ever before — with players across the continuum taking notice. Leveraging unique data and capitalizing on differentiators are key to catching the attention of potential partners, experts say. In 2018, mergers and acquisitions within the […]
One of the largest health systems in the country is betting big on its ongoing strategy to provide more care upstream. In March, Intermountain Healthcare announced it is expanding its home-based offerings in 2019 to include primary care and multiple hospital-level services, along with palliative care for patients with chronic or serious medical conditions. The […]
Intermountain launches home-based clinical care program Utah-based Intermountain Healthcare — a health system with 22 hospitals, more than 180 clinics and its own health insurance plan — is adding home-based clinical care to its list of services. The new offerings, which are set to roll out over the next few months, will include primary care, […]
In many ways, 2018 was a coming of age for the home care industry, as it steadily became recognized as a key part of the overall continuum of care due to its ability to keep older adults safely at home and out of the hospital. Among the biggest changes to home care in 2018: the […]
When Homespire launched in May, the goal of the new private-duty home care model was simple: Use an in-home approach to cut health care costs, reduce rehospitalization rates and prevent emergency room visits for Utah’s rapidly aging population. Six months later, the joint venture between Intermountain Healthcare and Lifesprk is already reaching key benchmarks, most […]