Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced that it has acquired LifeDojo Inc, a comprehensive, science-backed behavior change platform. LifeDojo is a platform that makes transformative life changes possible for members in over 16 countries. Supported by decades of public health research, the LifeDojo approach to member-centric behavior change delivers lasting health improvement outcomes, high enrollment, and better engagement than traditional programs. Clients include Fortune 500 companies and high-tech, high-growth organizations who use LifeDojo’s 32 behavior change modules.
As health care spending continues to rise, private-duty home care agencies will likely play increasingly important roles in population health management. Often, it’s chronic conditions, social determinants of health and functional limitations that drive that spending upward. The combined pervasiveness of those three factors creates a “high-cost trifecta,” according to Cindy Campbell, the director of operational consulting at WellSky. Home care generates considerable cost savings for complex and chronic patients with functional limitations while supporting a compelling business case for its value in population health management. As payers look for ways to reduce spending, the focus may shift to private duty, according to Campbell.
Food insecurity emerged as the most common health-related social need in preliminary findings from the Centers for Medicare & Medicaid Services’ Accountable Health Communities (AHC) model, which seeks to address through enhanced clinical-community linkages. The five-year AHC Model, which runs through April 2022, is based on emerging evidence that addressing health-related social needs through enhanced clinical-community linkages can improve health outcomes and reduce costs. CMS has released a preliminary fact sheet detailing findings from the 29 organizations in 21 states participating in the AHC Model.
Bruce Broussard joined Humana Inc. (NYSE: HUM) as its president and CEO in 2011. Since then, he has helped steer the Louisville, Kentucky-based company toward a future that’s largely focused on “the home” and social determinants of health (SDoH). Humana has made several moves in those two areas, especially in recent years. They include its acquisitions of Kindred at Home and Curo Health Services, in addition to a lengthy list of pilot programs with innovative organizations such Papa, SilverSneakers and others. Most recently, in July, Humana announced plans to invest $100 million in the at-home primary care startup Heal.
GreenVision Acquisition Corp. (Nasdaq: GRNV), a special purpose acquisition company (“SPAC”), announced today that it has entered into a definitive agreement for a business combination with Accountable Healthcare America, Inc. (“AHA”), a growth-oriented, technology-enabled population health management company. The transaction will introduce AHA as a Nasdaq-listed public company. Upon closing of the transaction, it is expected that GreenVision will be renamed AHA Healthcare and remain on the Nasdaq Stock Market, listed under a new ticker symbol. Headquartered in Ft. Lauderdale, Florida and founded in 2014 by industry veterans with a combined 125 years of experience in the Medicare managed care space, AHA owns and manages Medicare-focused, risk-bearing provider networks using a combination of a patent-pending proprietary cloud-based data analytics platform and advanced medical management processes.
Mindoula, a leading population health management company focused on transforming behavioral healthcare in the U.S., today announces it has secured a strategic investment from Boston-based growth equity firm, Equality Asset Management. Mindoula’s technology-enabled platform identifies, engages and serves patients with complex behavioral health, medical and social challenges across the complete continuum of care. The company specializes in populations with behavioral health challenges and comorbid medical conditions, specialty populations such as victims of interpersonal violence, as well as those who benefit from behavioral treatment in a primary care setting or within their communities.
Cano Health, a leading population health management company and operator of primary care medical centers, announced today that it has acquired Healthy Partners, one of the most distinguished value-based care provider organizations in the state. The union of Cano Health and Healthy Partners means more Floridians will have access to quality care, as Cano Health continually ranks among the top health care companies in the United States. With this union, Cano Health continues its rapid growth, now serving more than 90,000 patients in 61 medical centers and through more than 400 medical provider affiliates across the state. Floridians can now find Cano Health-owned facilities or affiliates in 20 counties, including newly added locations in Martin, Hardee, Brevard, Highlands, Marion, Okeechobee, Polk and St Lucie counties. In recent years, Cano Health had expanded beyond its traditional hub of Miami-Fort Lauderdale into the Palm Beach, Tampa-St. Pete and Orlando regions. Cano Health also operates in Puerto Rico and will open clinics in Texas and Nevada later this year.
In the wake of the pandemic, health systems have been forced to pivot quickly to redeploy personnel and other resources to support front-line clinicians and reach out to vulnerable populations. During a recent panel discussion, three executives discussed how their experience with value-based care models made them nimble enough to respond.
The Covid-19 crisis has washed across the United States like a tidal wave. And experts say it has set the stage for dangerous ripple effects, with Americans suffering from a decline in conditions they are failing to have treated because of the pandemic. “There’s a huge, massive wave coming up behind us, because people have delayed vital care in terms of cancer, diabetes, and heart disease,” said Garth Graham, vice president of community health at CVS Health, speaking at a virtual Milken Institute conference this week. The same underlying health conditions, he added, can exacerbate the severity of Covid-19 – particularly if left unchecked. Graham was joined on the panel by other health leaders who echoed his concerns – and emphasized the importance of people staying in close contact with their physicians.
Bravo Wellness, one of the nation’s top employee wellness solution providers, has bolstered its position as an industry leader with its acquisition of Chicago-based PUSH Wellness. The companies philosophically and culturally align exceptionally well, both anchoring in the use of personalized, progress-based health improvement goals that are meaningful, achievable and materially rewarding for each program participant. This approach routinely results in engagement rates, verified risk reductions and customer retention rates that far exceed industry norms. PUSH most recently invested significant capital into its technology platform, bringing state-of-the-art infrastructure for communications, data management, configurable incentive designs and more – including robust features geared toward state Medicaid programs and underserved populations.
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