By JESSICA DaMASSA, WTF HEALTH
Get the small print behind the deal! Signify Well being (NYSE: SGFY) is buying Caravan Well being for $220 million in money and customary inventory in effort to create one of many largest networks of at-risk healthcare suppliers within the nation. For all those that love healthcare fee mannequin innovation, it is a story about scaling each value-based care and accountable care organizations (ACOs), and we’ve Signify Well being’s CEO Kyle Armbrester and Caravan Well being’s founder and Chairwoman Lynn Barr right here to elucidate the mannequin and market potential this creates for Signify Well being.
Signify Well being is finest identified for its value-based, care-at-home centered strategy within the Medicare Benefit house, and Caravan Well being brings each tech and experience to assist the creation of accountable care organizations (ACOs) and the continuing good administration of their affected person populations. Caravan received its begin with “security internet suppliers” in rural areas and pioneered what’s referred to as the “Collaborative ACO” strategy that swimming pools smaller well being methods collectively primarily based on observe similarities (as an alternative of geography) to attain the correct of affected person scale wanted to mitigate danger. That is actually essential to scaling ACOs nationally, as you’ll hear each Lynn and Kyle clarify, and, after all, we ask Kyle to zero-in on how it will prolong Signify Well being’s attain into new markets as effectively.
Past the acquisition, we additionally rejoice Signify Well being’s one-year IPO-iversary. The corporate rang the bell on the New York Inventory Change (then stopped by WTF Well being to speak about it!) on Feb 11, 2021. Trying previous the Caravan Well being acquisition and to what it’ll result in subsequent, Kyle and Lynn (who will now be activating much more fee mannequin innovation as Signify Well being’s VP of Innovation) get fired up about what’s forward.