Behavioral Health Business August 8, 2022
Serious mental illnesses (SMI) can steal years from people’s lives.
People with SMIs die 10 to 20 years earlier than most people, according to one study.
Massachusetts-based Innovive Health, an in-home skilled nursing company, seeks to get in front of these issues. The goal is to keep high-acuity, high-risk patients out of the hospital. In turn, patients see improved health and greater quality of life all the while generating lower health care spending.
Innovive CEO and founder Joseph McDonough told BHB in an interview that the average hospital stay for the population the company cares for is 11 days and costs about $38,500. It’s not uncommon for people in this population to be hospitalized 10 to 15 times a year,...
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