What You Should Know:
– Vynca, a national leader in advance care planning, today announced the acquisition of ResolutionCare, a California-based innovator and provider of home-based palliative care and telemedicine.
– With the acquisition of ResolutionCare’s comprehensive board-certified, physician-led palliative care model, Vynca is well-positioned to expand its support services to the seriously ill, which aligns well with its existing advance care planning technology and analytics solutions.
– Founded in 2014, ResolutionCare provides a combination of in-home and virtual palliative care, the board-certified, physician-led interdisciplinary team works with the existing care team to deliver comprehensive, high-quality and standardized treatment resources to meet the unique needs of patients who are critically ill. By partnering with Medicare Advantage and Managed Medicaid plans, ResolutionCare’s interventions have produced outcomes that improve the member experience, while also reducing costs on behalf of the groups they serve.
Acquisition Impact for Vynca
Through this acquisition, Vynca will introduce to the market its serious illness management platform that couples the company’s technology and analytics with ResolutionCare’s virtual care capabilities, including palliative care, advance care planning, care coordination, symptom management, whole-person care and provider engagement. Offering a comprehensive range of tech-enabled services from a single point of trust, Vynca will deliver value to healthcare organizations looking to succeed in value-based arrangements, as well as support the hundreds of physician organizations seeking to participate in Direct Contracting, Medicare’s newest population health payment model.
Post-Acquisition
Joining the Vynca leadership team will be ResolutionCare founder and CEO, Michael Fratkin, MD, FAAHPM, who will serve as Vynca’s chief medical officer. With more than 25 years of experience, he founded ResolutionCare in 2016 after working as a palliative care consultant at St. Joseph Hospital and medical director at Humboldt Medical Specialists. ResolutionCare’s president and chief operating officer, Brian Mistler, Ph.D., SHRM-SCP, will also join Vynca as chief people officer and clinical services operations.
“From the beginning, ResolutionCare has been focused on making palliative care more accessible to rural and underserved communities, and we are excited to expand our reach by joining forces with Vynca,” said Fratkin. “The pandemic has brought to the light the powerful impact of virtual palliative care, which is critical as demand for these services grows in areas where resources are scarce.”
