BOSTON, Jan. 10, 2022 — Medically Home announced today that it has raised an additional $110 million in capital from key investors including Baxter International Inc., Global Medical Response (GMR), and Cardinal Health, each of whom will have a seat on the company’s board of directors. Cardinal Health, Mayo Clinic, and Kaiser Permanente are increasing their financial commitments on top of earlier investments, underscoring their confidence in the model’s continued national development.
The Medically Home approach repurposes patients’ homes as safe alternative locations for high- and low-acuity treatment throughout the care continuum in the comfort and convenience of their own homes. This capability is intended to strengthen the capacity and resilience of the health system while also addressing the requirements and preferences of patients, who often prefer to be treated at home or in a homelike environment. Over 7,000 patients have been treated utilizing the Medically Home platform and ecosystem, which are being offered by health systems throughout the nation, and use is growing quickly.
Medically Home Announces an Investment of $110 Million
Medically Home’s new and current strategic investors offer a further convergence of the key components for securely growing the strategy.
Baxter – Clinical Solutions Innovation Engine – Global pioneer in new solutions for critical diseases.
GMR – The Mobile Healthcare Industry’s National Leader – Global Medical Response, with over 30,000 fast response frontline clinicians, offers services in all 50 states, including out-of-hospital emergency, non-emergency, and mobile healthcare.
Cardinal Health – Advanced Logistics – Global leader in pharmaceutical, medical, and laboratory product logistics and delivery.
Mayo Clinic – Global leader in the treatment of severe or complicated medical conditions
Kaiser Permanente — Kaiser Permanente is the nation’s largest health care provider and non-profit health plan.
The approach is intended to drive demand for a next-generation clinical workforce that blends centralized care monitoring (led by doctors and nurses in medical command centers) with field clinicians (nurses, paramedics, and technicians) who operate in unison. Medically Home’s national partners assist this labor force by providing the necessary clinical and supporting services, medicines, medical equipment, technology, and other capabilities to establish a safe and effective location of advanced medical care.
Rami Karjian, CEO of Medically Home, said, “The inclusion of these major national partners significantly increases our logistical competence, which is necessary for our health system professionals to care for patients safely and reliably in their homes. The rapid decentralization of high-acuity care away from hospitals and other institutional settings and into an increasing number of patients’ homes, as enabled by Medically Home, demonstrates the critical nature of an ecosystem of health care partners collaborating on behalf of patients and clinicians across the country.”
Baxter’s executive vice president and chief operating officer, Giuseppe Accogli, said, “Baxter’s strategic investment in Medically Home will help us accelerate our mission of transforming healthcare by expanding access to hospital-level treatment at home. The COVID-19 pandemic underscored the importance of assisting clinicians in providing the best possible care for patients at home, and we are delighted to assist Medically Home in expanding its unique care model while also advancing innovation in digital health and monitoring technologies and solutions.”
The connection with GMR, which includes a nationwide service agreement, has already proved its potential to increase the number of physicians entering the field during a period of lack of competent clinical personnel, a vital component of Medically Home’s model’s scalability.
According to Karjian, “The collaboration with GMR, which started last year, concentrates GMR’s national clinical quick response capabilities in the United States on the expanding hospital at home trend, which is being driven by health systems such as Mayo Clinic and Kaiser Permanente. It takes use of GMR’s unmatched resources and expansive network of home-based providers and is a great fit for our future goal.”
Global Medical Response’s CEO, Randy Owen, said, “GMR is happy to be a part of the growth of patient care at home with Medically Home, the market leader in acute care at home and other associated decentralized medical services. This relationship is a perfect match for GMR’s 30,000 great frontline doctors who deliver care to our health system partners on an as-needed basis. Our present at-home cooperation with Medically Home has already shown that this approach benefits patients, hospital systems, and caregivers, and we look forward to expanding our relationship with Medically Home in the future.”
Cardinal Health at-Home Solutions President Suzanne Foster said, “Our continuous collaboration demonstrates Cardinal Health’s unwavering dedication to Medically Home and the tireless work of so many to revolutionize healthcare and provide access to safe, effective hospital-level treatment at home. Enabling health equity and decentralized care for patients receiving hospital-level care is no longer a vision for the future of healthcare – it is a reality today, and Cardinal Health is committed to collaborating closely with Medically Home and its partners to deliver optimal in-home patient experiences and outcomes.”
According to Stephen Parodi, M.D., executive vice president of Kaiser Permanente’s The Permanente Federation, “With the expanding population of persons over the age of 65, we must develop and execute programs that meet the requirements of this group on a large scale. Up to a third of patients presently treated in brick-and-mortar hospitals might be cared for at home over the next decade. Kaiser Permanente thinks that offering this form of treatment enables an older population and other patients with significant or complicated diseases to have easier access to safe acute and restorative care.”
Maneesh Goyal, the Mayo Clinic Platform’s chief operating officer, said, “The collaboration with Medically Home enhances Mayo Clinic’s mission and values in the digital era. The current round of financing demonstrates the value of collaboration with like-minded organizations and enables more individuals to experience this innovative style of care in the comfort of their own homes.”
Every day, millions of patients, caregivers, and healthcare professionals depend on Baxter’s market-leading portfolio of diagnostic, critical care, renal care, nutrition, hospital, and surgical products. These products are utilized in patient homes, hospitals, physician offices, and other settings of care. We’ve spent the last 90 years at the vital juncture where technologies that save and maintain lives meet the healthcare practitioners who make them possible. With products, digital health solutions, and treatments accessible in more than 100 countries, Baxter’s global workforce is now advancing the next generation of revolutionary healthcare technologies by building on the company’s rich record of medical accomplishments. To discover more about Baxter, please visit www.baxter.com or connect with us on Twitter, LinkedIn, or Facebook.
Concerning the Global Medical Response
Global Medical Response provides compassionate, high-quality medical treatment to over 11 million patients each year, particularly in the areas of emergency and patient relocation services in the United States and throughout the globe. GMR was founded by the merger of industry leaders in air, ground, managed medical transportation, as well as community, industrial/specialty, and wildland fire services. American Medical Response (AMR), Rural Metro Fire, Air Evac Lifeteam, REACH Air Medical Services, Guardian Flight, Med-Trans Corporation, and AirMed International all have a long history of proudly serving the communities in which we reside. Visit us on LinkedIn or at www.GlobalMedicalResponse.com for extra information.
Concerning Medically Home
Medically Home allows health systems to securely care for patients at home, throughout the care continuum, including in hospitals. Medically Home delivers all of the components necessary for these health systems to properly care for patients, including clinical protocols, a payment model, platform technology, and fulfillment of all clinical services needed in the home via partners. Clinicians and patients prefer this strategy to standard treatment in the majority of cases. Improved clinical and economical results. Visit www.medicallyhome.com for further information.
Concerning Cardinal Health
Cardinal Health is a pharmaceutical distributor, a producer and distributor of medical and laboratory goods on a worldwide scale, and a supplier of performance and data management solutions to health care institutions. Cardinal Health is critical to care, with a 50-year history, activities in more than 30 countries, and roughly 44,000 workers worldwide.