What You Should Know:
– HarmonyCares, a provider of value-based in-home longitudinal care, raises $200M to make its integrated, physician-led in-home care model available to more vulnerable patients nationwide.
– The funding round, led by General Catalyst, McKesson Ventures, and a large national payer, underscores the critical need to address the primary care access gap in the United States.
Addressing the Primary Care Gap for Vulnerable Populations
A recent survey revealed a concerning trend: 33% of Medicare Advantage patients and 32% of traditional Medicare patients struggle to access primary care. This lack of access often leads to poorer health outcomes, increased preventable hospitalizations, and spiraling healthcare costs due to delayed treatment and unmanaged chronic conditions.
HarmonyCares: A Proven Leader in In-Home Care
HarmonyCares boasts a 30-year track record of providing exceptional care for older adults with complex health needs. Currently, they serve over 70,000 patients across 15 states through value-based partnerships with Medicare Advantage plans and Medicare ACO programs.
Key Elements of HarmonyCares’ Success
- Physician-Led Model: HarmonyCares prioritizes building strong relationships with patients. Their physicians gain a deep understanding of each patient’s social and clinical needs, fostering better care coordination.
- Interdisciplinary Care Team: Beyond physicians, HarmonyCares offers a comprehensive care team. This includes nurse care managers, social workers, pharmacists, and 24/7 on-call support, ensuring patients receive holistic care.
- Evidence-Based Approach: HarmonyCares prioritizes evidence-based practices. This allows their providers to dedicate more time directly to each patient, delivering personalized care plans tailored to individual needs.
Looking Ahead: Expansion and Innovation
With this significant funding, HarmonyCares plans to expand its services to additional regions, further alleviating the primary care access gap for vulnerable populations. They will also invest in developing new technologies to drive improved clinical outcomes and patient satisfaction at scale. HarmonyCares’ commitment to in-home care and value-based models positions them as a leader in transforming healthcare delivery for vulnerable patients nationwide.
“There is an urgent need to expand access to longitudinal care, particularly as many patients across the U.S. are already struggling to get the care they need,” said Matthew Chance, CEO of HarmonyCares. “This latest investment enables us to double-down on our commitment to expand access to value-based care for patients with complex clinical and social needs and who often have limited access to care, resources, or even family nearby.”
