An accountable care organization (ACO) backed by one of the nation’s largest nursing home providers on Tuesday announced a deal to expand telehealth services to its members in a push to cut hospitalizations and boost clinical coverage — during and after the COVID-19 pandemic. Under the new agreement, the skilled nursing tech provider Third Eye […]
Third Eye Health had a two-year plan to expand the network of skilled nursing facilities that use its telehealth technology from 400 to more than 1,000. Amid a world-historic pandemic, the Chicago-based tech company reached that multi-year goal in a matter of a few weeks. “We’ve had truly exponential growth,” Third Eye vice president and […]
Telemedicine is drawing national attention from lawmakers as officials look to safeguard health care workers and patients — while nursing homes anxiously monitor infection-control policies to protect vulnerable residents from the global pandemic of the coronavirus. Expanded Medicare coverage of telehealth services was included in the recent $8.3 billion emergency bill, offering national aid in […]
With concerns around staffing and supply shortages in nursing homes amid the coronavirus, telemedicine has emerged as a key potential weapon, receiving the first-ever major green light for reimbursement on the national level — as part of an $8.3 billion bill allowing the federal government to cover remote care for Medicare recipients passed last Wednesday. […]
Since the latter half of 2019, an East Coast health care group has used a telemedicine partnership to intervene in 100 potential hospitalizations, and within that grouping, definitively stopped 30 hospital admissions — in a collaboration with a medical device company that provides real-time heart monitoring and remote care. In an effort to reduce unnecessary […]
As skilled nursing providers face a new Medicare payment system and macro-level moves toward value-based care, the pressures are mounting. The Patient-Driven Payment Model (PDPM) will upend the Medicare reimbursement math, while state-level Medicaid issues continue to strain long-term care providers. These factors may seem daunting, but one tool is rising to help combat these […]
As skilled nursing providers face a new Medicare payment system and macro-level moves toward value-based care, the pressures are mounting. The Patient-Driven Payment Model (PDPM) will upend the Medicare reimbursement math, while state-level Medicaid issues continue to strain long-term care providers. These factors may seem daunting, but one tool is rising to help combat these […]
Implicit in the government’s decision to allow Medicare Advantage plans to cover telehealth services with federal dollars is a question: Just because insurance plans legally can do it, will they? At least in the early going, multiple providers of telehealth tech to skilled nursing operators have said yes — and the promise of plan savings […]
The developer of a software platform that has brought substantial hospital readmission cuts to skilled nursing facilities now has a $10 million cash influx to expand its footprint. Real Time Medical Systems raised that haul in a successful funding round involving multiple investors led by SunBridge Capital, Real Time founder and executive chairman Scott Rifkin […]
A skilled nursing-focused telehealth provider with a presence in more than 200 facilities this week announced a $7.25 million funding influx. The Chicago-based Third Eye Health recently closed its Series A funding round, led by Generator Ventures, with plans to expand beyond its current base of skilled nursing partners. Third Eye provides remote physician coverage […]
Senior Care Development and Fundamental Advisors made a major skilled nursing play earlier this month with the announcement of a $1 billion joint venture aimed at nursing home acquisitions. It’s a move that may have raised some eyebrows, given the general unease about the long-term care space among investors, but the CEO of Senior Care […]
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