Sun.May 22, 2022

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Aging-in-Place Company Homethrive Raises $20M, Plans ‘Aggressive Expansion’ in Payer Marketplace

Home Health Care

Aging-in-place enabler Homethrive has raised an additional $20 million in Series B funding. For Homethrive, the funding round – led by Human Capital, with participation from Allianz, 7wireVentures and Pitango HealthTech – will go toward its “aggressive expansion” plans and further technology investments. And for similar senior-focused startups, the infusion of capital shows that VC interest in the space has far from cooled, despite a recent investment slowdown.

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Monday Morning Update 5/23/22

HIStalk

Top News The state of Montana will invest $20 million.

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‘Transportation Is a Social Vital Sign’: Lifespark, Envoy America Expand Strategic Partnership

Home Health Care

Lifespark and Envoy America are expanding a partnership between the two organizations with the launch of Lifespark GO! Their latest collaboration will deliver transportation services to residents of 14 Lifespark senior living communities in Minnesota and Wisconsin — an expansion of a partnership that provides these services to its home-based care clients.

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Morning Headlines 5/23/22

HIStalk

Governor Gianforte, DPHHS Announce Major Investment in Montana’s Health Information.

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How to Battle Layoffs: The Career Star Accelerator Bootcamp

Facing layoffs in your organization? Support your team members' career transition with Career Star Accelerator Bootcamp: Custom Resume & LinkedIn Revamp + 6 Weeks of Career Coaching. Our certified resume writers will create job search-winning resumes and LinkedIn profiles while they work with a career coach to learn unique strategies to stand out, attract the right employers, automate their job search, and land their dream job.

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Transactions: 24 Hour Home Care Buys Trusted Life Care; Modivcare Lands Guardian Medical Monitoring

Home Health Care

Los Angeles-based 24 Hour Home Care will increase its client census by over 16% in the Long Beach and South Bay communities after acquiring home care agency Trusted Life Care. Trusted Life Care, based in Los Angeles, provides personal care for seniors in Orange and Los Angeles counties. It was founded eight years ago by Leslie Davis and Lisa Hain. 24 Hour Home Care is an independent, non-medical home care provider with 23 locations across California, Arizona and Texas.

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Public vs. private insurer hospital reimbursement rates

Healthcare ECONOMIST

Recently the CBO published a report compared the rates public and private insurers pay to hospitals for inpatient services, for services at hospital outpatient departments (HOPD), and at ambulatory surgical centers (ASC). A recent RAND report aims to do a similar exercise but contributes to the literature by using updated data from more states, allowing for comparisons between HOPD and ASC.