What You Should Know: - CareAcademy raises $9.5 million in Series A funding to expand its online training platform for senior care professionals to deliver the highest caliber of service and improve the lives of older adults. - Series A round signals massive market opportunity as CareAcademy seizes a greater share of online caregiver training; brings total company funding to more than $13 million. CareAcademy, a Boston, MA-based home care & home health workforce empowerment
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CVS Health, UCLA Health Partner to Bolster Hospital Capacity for COVID-19
What You Should Know: - CVS Health announced it is working with hospitals and providers, including major systems like UCLA Health, to support their solutions for creating much-needed hospital bed capacity during the pandemic. - Hospitals around the country are expanding their capacity to meet the anticipated needs as a result of the COVID-19 pandemic. - Current estimates project that hospitals nationwide need to increase capacity by more than 36,000 hospital beds. - In addition,
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DispatchHealth Expands Service Line, Offers Hospital-at-Home Care
- DispatchHealth expands its on-demand acute care services to offer Advanced Care and Extended Care in the home.- The new services allow patients who previously required an expensive hospital stay to be treated at home. In a partnership with two health systems, DispatchHealth will offer patients a 24/7 dedicated medical team, remote monitoring, an emergency call button, and daily visits.DispatchHealth, a provider of tech-enabled in-home health care, today announced the launch of two additional
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Intermountain Launches New Kidney Care Center with Telehealth Care
- Intermountain Healthcare launches new Kidney Care Center that will provide at-home dialysis with telehealth-enabled video visits to patients. - Patients will be able to schedule kidney dialysis treatments that fit their schedule. - The Intermountain Kidney Care Center will also focus on pre-emptive transplants, where patients are matched with living kidney transplant donors prior to end-stage renal failure. Intermountain
Healthcare in Salt Lake City announced it is launching a
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Signify Health Launches Social Determinants of Health Solution Signify Community
Signify Health, a provider of technology-enabled in-home care and complex care management services, has announced the launch of Signify Community, the first and only social determinants of health (SDOH) solution that ties social interventions to quality, satisfaction, and financial outcomes—including 30% reductions in readmissions and 46% reductions in post-acute care spend for high-utilizer safety net populations.Understanding SDoHSocial determinants of health (SDOH) are complex and
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary
A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March. Noteworthy News Amazon, JP Morgan, Berkshire Names New Joint Venture Haven Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Philips, DispatchHealth Launch On-Demand Home Care Pilot Program for Arizona Seniors
Philips is joining forces on a pilot study with DispatchHealth, a provider of mobile urgent care that delivers convenient, affordable care within one’s home to help enhance care for select Arizona members of Mercy Care. DispatchHealth supports seniors wishing to stay in their homes longer by providing a preventative and proactive treatment where and when seniors need it to help avoid elevating health situations to costly emergency medical services (EMS) and to avoid unnecessary trips to
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In-Home Care Startup Honor Lands $50M to Grow Network of Home Care Agencies
Honor, an in-home care startup has raised $50 million in Series C funding led by Naspers Ventures, with participation from existing investors, bringing the company’s total funding amount to $115 million. The latest round comes as the larger healthcare industry is increasingly recognizing non-medical home care as a vital component to value-based care. In April, the Centers for Medicare and Medicaid Services announced that Medicare Advantage plans will be able to cover non-medical home care
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Senior Care Startup HomeHero Rebrands As Harvey to Provide Virtual Consultations
After shutting down their non-medical home care marketplace in February, senior care startup HomeHero is rebranding as an integrative medicine company called Harvey. The company’s name derives from English physician and scientist, William Harvey, who first discovered and explained how blood circulates through the human body.The new company will focus on providing virtual consultations with functional and naturopathic doctors, in-home lab testing and natural therapies to help optimize your health
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Honor Pilots In-Home Care Partnership with Walmart in Dallas-Fort Worth
Honor, a digital health startup connecting consumers with in-home caregivers, seniors and their families is expanding its service with a pilot partnership with Walmart in two stores in Dallas-Forth Worth, TX. Honor currently operates in the San Francisco Bay Area and Los Angeles, and combines the best care professionals in the industry with proprietary app technology that modernizes the entire home-care experience, making it more flexible and accessible for family caregivers and their aging
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