Kaiser Permanente and Mayo Clinic invest $ 100 million in hospital-at-home business
A major investment from two of the nation’s largest providers indicates continued interest in inpatient home programs, which enable clinicians to deliver hospital-grade care to patients’ homes.
Mayo Clinic, based in Rochester, Minnesota, and Kaiser Permanente, based in Oakland, Calif., Announced on Thursday that they were invest around $ 100 million grouped together in Medically Home Group, a Boston-based company that provides home hospital services.
The funds are intended to increase Medically home operations and enable providers – not just Mayo and Kaiser – to deliver high-acuity home care to patients, Mayo Clinic spokesperson Traci Klein said in an email.
Medically Home provides a platform of technology and services through which clinicians can treat a range of conditions, including higher acuity conditions traditionally treated in hospital settings, such as cancer, heart failure, pneumonia, transfusions and acute care of Covid-19.
The company’s care delivery model includes a 24/7 medical command center staffed with clinicians and a team that can care for patients at their bedside. The model also includes the protocols required for high acuity home care, rapid response logistics systems and the Cesia Continuum, which enables physician monitoring via telemedicine and biometric monitoring combined with predictive analytics, among other capabilities. .
Kaiser Permanente and Mayo Clinic had previously partnered with Medically Home for their own inpatient home programs.
Mayo implemented the Medically Home model and platform at two locations last year – one in Jacksonville, Fla., And the second in Eau Claire, Wisconsin, Klein said. There are plans to expand to other Mayo sites.
Kaiser implemented the Medically Home model at its Northwest and Northern California locations in 2020, Kaiser Permanente spokesperson Hilary Costa said in an email. The healthcare system also plans to expand the model.
âThe Mayo Clinic and Kaiser Permanente have both independently identified Medically Home as an implementing partner for its proven track record in enabling healthcare systems and providers to deliver serious and complex care in the home,â Klein said.
The home hospital effort is by no means new – it has increased over the past 20 years, said Nathan Ray, director of healthcare and life sciences practice at consulting firm West. Monroe, in an email.
âThese models over the years have found better results, such as less acquired infections and positive mental impacts,â he said. “It has also proven to be cost effective with less testing and less waste to ultimately bring acute care home for eligible patients / conditions.”
When the Covid-19 pandemic hit, interest in hospital-at-home programs accelerated, with big providers like Kaiser, Mayo and Multicare, a Washington-based healthcare system, launching their own programs and companies like DispatchHealth seeing valuations in the billions of dollars.
Plus, payers have also shown great interest and it will be interesting to see how that affects the space, Ray said. Last month, Humana took full control of home and hospice care provider Kindred at Home in a $ 8.1 billion acquisition, and Anthem finalized its purchase of MyNEXUS Home Health Benefits Manager.
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