SCAN Group Acquires The Residentialist Group to Additional Construct Its House-Based mostly Care ‘Thesis’

LibraReview

SCAN Group Acquires The Residentialist Group to Further Build Its Home-Based Care ‘Thesis’



You can view the original post here

The SCAN Group introduced on Thursday that it has acquired The Residentialist Group (TRG), a company that gives continual illness administration, palliative care and home-based care to seniors.

The deal is noteworthy as a result of it marks the primary time the group has acquired an outdoor firm. SCAN declined to reveal monetary phrases of the deal.

“A few years ago, as our board was doing a strategic refresh, there was an acknowledgement that there are many ways to keep seniors healthy and independent,” Dr. Sachin Jain, president and CEO of SCAN Group and SCAN Well being Plan, instructed House Well being Care Information. “Medicare Advantage is one way to do that, but it’s by no means the only way. We wanted to find other ways to keep seniors healthy and independent. A big part of that has been an acknowledgement that home-based care delivery is an important part.”

The SCAN Group is a nonprofit group targeted on serving to senior residents keep wholesome and impartial. Based in 1977, Lengthy Seaside, California-based SCAN Well being Plan is among the nation’s largest not-for-profit Medicare Benefit plans within the U.S., serving greater than 270,000 members.

As a company, TRG largely served Medicare Benefit plans and medical teams. Yearly, TRG serves about 25,000 sufferers in California and Pennsylvania. The acquisition extends SCAN’s footprint into the Pennsylvania market.

TRG was a beautiful acquisition goal due to its historical past with SCAN and the cultural alignment between the 2 organizations, Jain mentioned.

“TRG is in our backyard,” he mentioned. “We have a long history of contracting with TRG to provide services to SCAN members. Their founder, Dr. Norman Vinn, really built an organization that’s focused on delivering high quality care to people in their homes. I think we saw a real cultural alignment between what TRG was built to do and what SCAN aspires to do. In many ways, it felt like a truly natural fit.”

SCAN will merge TRG with its home-based care program – HealthCHEC – in an effort to kind Homebase Medical, which can serve SCAN Well being Plan members and, for the primary time, members of different well being plans.

Homebase Medical will deal with palliative care, continual illness administration, care transition administration, and private well being assessments within the house.

More and more driving care into the house, and recognizing the various methods this may be completed, has been a giant a part of the group’s thesis.

Homebase Medical is simply one of many some ways SCAN is increasing it’s home-based care supply choices, in accordance with Jain.

“Welcome Health is our primary care subsidiary, which we launched last year,” he mentioned. “myPlace Health is our PACE entity which will be critical to keeping seniors healthy and independent. We launched that earlier this year in collaboration with Commonwealth Care Alliance. Recognizing that for many unfortunate individuals, the streets is their home — we started an entity called Healthcare in Action. It provides home-based medical care for people experiencing homelessness.”

Together with the acquisition announcement, SCAN has named Dwight Brown CEO of Homebase Medical. Earlier than this, he was CEO of Bluewater House Care, an LA-based house care company he based.

Moreover, Dr. Archita Sood was named chief medical officer. Most lately, she served because the regional medical officer and director of palliative care at CareMore Well being.

Wanna make a change in your life? Start today with the self-help products that aims to raise one's awareness and productivity.

Break the cycle of routine laziness and start to make a change, starting from your body. Explore the weight-loss products that actually works

Healthier body and mind with the help of dietary supplements products. Explore only the best products to protect your physical and mental health.



You can view the original post here

Leave a Comment