WellBe Senior Medical and venture catalyst firm Leverage Health have formed a strategic partnership, with Leverage as a major investor and growth catalyst.
The companies said Leverage Health will advance WellBe’s mission to provide specialty geriatric care to frail, polychronic seniors in Medicare Advantage health plans. WellBe’s geriatrician-led care teams visit these complex members wherever they are, whether in the community or a nursing home.
“Building a deep relationship with our patients and physically being in the home allows our team to address both clinical and social determinants of health directly,” said Jeff Kang, M.D., CEO and founder of WellBe. “The result is immediate, dramatic improvement to the person’s overall health and well-being as we follow the patient across every care setting.”
WellBe said its providers’ interventions lower unnecessary emergency department admittance and redundant testing.
“By providing care wherever the patient requires and following the patient across care settings, WellBe ensures care coordination challenges are overcome,” Kang said.
WellBe, which is free to patients, takes full global financial risk for those complex patients who represent roughly 5% of the population and who are persistently the most unprofitable. The firm guarantees improvement in health plan earnings and delivery of at least four stars on quality ratings in addition to financial guarantees.