Kairos Health Systems, a provider-owned health system, announced that it signed an agreement to become a wholly owned subsidiary of LeadingAge PA, one of the country’s largest trade associations for nonprofit aging services providers.
Officials with both organizations said the partnership will enhance opportunities to meet the changing needs of members in the post-acute care environment and strengthen their positions in the marketplace.
Kairos provides services that support members as they improve financial, operational and clinical performance, CEO Jennifer Wimer told McKnight’s.
“Some services are defined and tied to payment outcomes, while others are on a consulting basis tied to individual operational needs of provider organizations,” she said. “Primary services are the full spectrum of payer contracting, admissions and reimbursement support, and data analytics. Consulting focuses on value-based outcomes and getting to the triple aim of improving quality, improving satisfaction and reducing cost.”
By joining with LeadingAge PA, Kairos said it will provide members access to a stronger network and resources to help them improve quality, satisfaction and financial outcomes for their organizations.
Kairos will continue to operate as a separate entity under Wimer. President and CEO Adam Marles will continue to direct LeadingAge PA.
Kairos also operates in Maryland, New Jersey, New York and Tennessee, and is expanding to Virginia.“Growth in those states is a focus for Kairos, and that growth will continue to strengthen the networks in those states and Kairos’ influence with payers,” Wimer said. “The transaction will improve the marketing and education support through the relationships with LeadingAge associations in those states and future expansion states.”