Grandkids-on-demand startup Papa Inc. announced last week that it has paired with Priority Health to begin offering services to the Michigan health plan’s Medicare Advantage members. The move — along with a rework of Papa’s brand — are good indications of the ambitions that the company has in 2020. Only two years old, Papa is […]
Papa
When Aetna, a CVS Health company (NYSE: CVS), announced 2020 Medicare Advantage (MA) offerings, the company set out to go beyond simply offering its members a list of benefits. Instead, the company wanted to take a more holistic approach to health, stressing that individuals’ social and personal needs play key roles in keeping them healthy. […]
LHC Group and LifePoint Health cement JV partnership LHC Group Inc. (Nasdaq: LHCG) and LifePoint Health have further cemented their joint venture partnership with the purchases CMH Home Health Care, Casa de la Paz Hospice and St. Joseph Family Hospice. CMH Home Health Care is a home health provider that serves Clinton County, Ohio. Casa […]
Newfound Medicare Advantage (MA) flexibilities have encouraged many of the big U.S. insurers to pursue tighter relationships with home- and community-based care providers for the 2020 plan year. But up-and-coming MA players are doing the same, including the still large but slightly lesser-known senior-focused health services company Alignment Healthcare. Alignment revealed several new socially conscious, […]
Grandkids-on-demand startup Papa has raised $10 million in Series A funding, pushing the Miami-based company’s total funding raised above $13 million. The recent investment round was led by Silicon Valley-area venture capital firm Canaan, with money also coming in from Sound Ventures, Y Combinator and Pivotal Ventures, a firm created by Melinda Gates. Past big-name […]
Despite Medicare Advantage (MA) plans being recently allowed to cover a wide variety of in-home services and supports, insurers have been slow to roll out new supplemental benefits. In 2019, only 3% of Medicare Advantage plans offered in-home care services, according to AARP. Some think the tides will turn in 2020 — but even then, […]
Humana Inc. (NYSE: HUM) is seeing Medicare Advantage (MA) growth like never before, a point that contributed to its strong second quarter performance. The home-focused health insurance giant only expects membership to continue to boom in the months to come, executives predicted on a Q2 earnings call Wednesday. In Q2, Humana’s group MA membership was […]
Arosa+LivHome announces fifth acquisition of 2019 Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency. On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina. Financial terms of […]
Over the years, there have been a number of home care-adjacent startups that have entered the market and attempted to provide services that could potentially rival those offered by traditional providers. One up-and-coming company is now setting its sights on helping older adults age in place by becoming a TaskRabbit for seniors. The company is […]
Technology aimed at improving access to health care, cognition and personal mobility will be key to older Americans’ ability to age in place and the federal government’s capacity to care for them, a new White House report argues. Tech dedicated to assisting with activities of daily living, transportation, and communication and social connectivity will also […]