Addus Homecare Announces Value-Based Agreement With Blue Cross and Blue Shield of New Mexico
17 November 2021 - 12:00AM
Business Wire
Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home
care services, today announced it has entered into a “Stay Healthy
at Home” value-based agreement with Blue Cross and Blue Shield of
New Mexico (BCBSNM) for Medicaid members served by its subsidiary
company, Ambercare Corporation (Ambercare). Ambercare is an
operator of home health, hospice and personal care services in the
State of New Mexico.
The “Stay Healthy at Home” program is designed to help BCBSNM
members obtain appropriate and timely care when a care gap or
potential disease acceleration is identified by the client and/or
their Addus caregiver. With that information, the Addus team will
work with BCBSNM care coordination staff to remove barriers to
service, coordinate with the member’s primary care physician (PCP),
and, when appropriate, mobilize community-based clinical care as an
alternative to emergency room visits or hospital admissions.
Service metrics and clinical quality outcome measures are key
features of the program.
The program will also include specific training for Addus’ home
care aides so they can more effectively identify and report changes
in a member’s condition that could require urgent intervention.
These reports will be reviewed and coordinated by Addus care
transition coordinators and communicated to the health plan and
member’s PCP for follow up. Addus will also assist with
coordination and scheduling of medical procedures needed by members
to close known Healthcare Effectiveness Data and Information Set
(HEDIS) care gaps.
Commenting on the announcement, Dirk Allison, Chairman and Chief
Executive Officer of Addus, stated, "We are pleased to enter this
agreement with BCBSNM, to help achieve better health and financial
results for BCBSNM as well as improved member satisfaction and
outcomes. As a provider of comprehensive home-based care, we have a
significant opportunity to work with the BCBSNM team to promote
better outcomes. The “Stay Healthy at Home” program will benefit
both our dedicated team of caregivers and the clients we serve
across New Mexico. We look forward to working in partnership with
BCBSNM, who shares our mission to provide quality, patient-centered
care in the home.”
About Addus HomeCare Addus HomeCare is a provider of home
care services that primarily include personal care services that
assist with activities of daily living, as well as hospice and home
health services. Addus HomeCare’s consumers are primarily persons
who, without these services, are at risk of hospitalization or
institutionalization, such as the elderly, chronically ill and
disabled. Addus HomeCare’s payor clients include federal, state and
local governmental agencies, managed care organizations, commercial
insurers and private individuals. Addus HomeCare currently provides
home care services to approximately 44,500 consumers through 207
locations across 22 states. For more information, please visit
www.addus.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211116005130/en/
Brian W. Poff Executive
Vice President, Chief Financial Officer Addus HomeCare Corporation
(469) 535-8200 investorrelations@addus.com
Dru Anderson CCI FINN
Partners (615) 324-7346 dru.anderson@finnpartners.com
Addus HomeCare (NASDAQ:ADUS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Addus HomeCare (NASDAQ:ADUS)
Historical Stock Chart
From Apr 2023 to Apr 2024