UnitedHealth Group Founder to Raise $300M for Senior Care SPAC with Home Care Focus

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 […]

Home Care Agencies See New Opportunities Amid VA Changes

The Department of Veterans Affairs (VA) — or the Tesla of home care, according to some — recently made changes to its health care plan to put veterans at the center of their own care and reduce network fragmentation.  The VA Mission Act makes it easier for veterans to visit non-VA medical facilities and creates […]

Home Health Care ‘Squarely in the Scope’ of UnitedHealthcare’s Bundled Payments Expansion

Earlier this month, Minnesota-based UnitedHealthcare announced it was expanding the company’s bundled payment offerings to providers participating in its Medicare Advantage (MA) plan networks. Home health care is primed to play a major role in that expansion, Jeff Meyerhofer, president of bundled payment solutions for UnitedHealthcare’s Medicare & Retirement division, told Home Health Care News […]

UnitedHealth Group Encouraged by More MA Benefits

In-home care providers aren’t the only players looking forward to expanded Medicare Advantage (MA) benefits in 2019. Insurers that offer MA plans—notably behemoth UnitedHealth Group (NYSE: UNH)—are also looking ahead and seeing the addition of more benefits as a major bonus. Minnetonka, Minnesota-based UnitedHealth Group offers medical benefits through its businesses UnitedHealthcare and Optum, which also provides some […]

Best Buy Tests Home Care Monitoring Technology

Forget the latest iPhone release, retail giant Best Buy (NASDAQ: BBY) has unveiled a new technology service as part of its in-store product line-up that aims to serve seniors and baby boomers. The Richfield, Minnesota-based retailer has added its name among other national, well-known brands offering technology solutions to senior care, rolling out its Assured […]

Walgreens, Health Insurers Push to Expand Telemedicine Services at Home

In a push toward supporting in-home care, Walgreens (NYSE: WAG), along with national health insurers, have expanded their telemedicine initiatives, hoping to reach millions more consumers by next year.  The Deerfield, Illinois-based national drugstore chain, which launched its telehealth smartphone app late last year, said it will be expanding the tech to both tablets and […]