Home Health Care News November 13, 2024
Andrew Donlan

Formerly U.S. Medical Management, the home-based care company HarmonyCare raised $200 million in June. On Wednesday, it touted its success in the Accountable Care Organization (ACO) “REACH” Model, the successor to the The Global and Professional Direct Contracting Models (GPDC).

Put forth by the Centers for Medicare & Medicaid Services (CMS), ACO REACH gives private businesses – including home-based care providers – the opportunity to participate in risk-sharing agreements with traditional Medicare.

In 2023, HarmonyCares achieved a net savings rate of 23% in the “High Needs Track” of ACO REACH. That savings rate positions the company as the second-best cost saver involved in the model, according to the company.

Based in Troy, Michigan, HarmonyCares is a home-based primary care provider....

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: ACO (Accountable Care), Payment Models, Post-Acute Care, Provider, Value Based
The Future of AI in Hospice Care
VITAS Seeking Large Acquisitions in Hospice CON States
U.S. News Nursing Home Rankings: Fewer Than 20% Evaluated as ‘Best,’ as Staffing Levels Fall Short
DOJ Reportedly Prepping Lawsuit To Block UnitedHealth Group-Amedisys Deal
DOJ Sues To Block ‘Anticompetitive and Illegal’ UnitedHealth Group-Amedisys Deal

Share This Article