AdaptHealth Corp. Partners With Humana on Value-Based Care
12 May 2023 - 4:00AM
Business Wire
AdaptHealth Corp. (NASDAQ: AHCO) a national leader in
providing patient‐centered, healthcare‐at‐home solutions including
home medical equipment, medical supplies, and related services, has
entered into an agreement to become the capitated provider of
durable home medical equipment and supplies to Humana Medicare
Advantage HMO members in 33 states, plus the District of Columbia.
AdaptHealth’s agreement with Humana, which features a value-based
pricing model replacing traditional fee-for-service, is expected to
cover at least 1.0 million members.
“We are delighted that Humana has partnered with AdaptHealth to
help its members achieve their best health at home,” said
AdaptHealth CEO Steve Griggs. “Our unmatched nationwide network of
more than 700 locations, a resilient supply chain, and a focus on
technology and in-home service to improve patient care will deliver
excellent value to Humana Medicare Advantage members.”
“The AdaptHealth-Humana partnership will also eliminate many of
the burdens that patients face in ordering home medical equipment,
and will reduce administrative costs for Humana, AdaptHealth, and
our referring physicians” said Griggs.
The value-based agreement covers Humana’s Medicare Advantage HMO
members in the states of: Alabama, Tennessee, Virginia, North
Carolina, Georgia, South Carolina, Texas, Arkansas, Oklahoma,
Illinois, Minnesota, North Dakota, South Dakota, Wisconsin,
Nebraska, Iowa, Kansas, Missouri, District of Columbia, Delaware,
Maryland, Pennsylvania, Connecticut, Maine, Massachusetts, New
Hampshire, New Jersey, New York, Rhode Island, Vermont, California,
Nevada, Colorado, and New Mexico.
About AdaptHealth Corp.
AdaptHealth is a national leader in providing patient‐centered,
healthcare‐at‐home solutions including home medical equipment
(HME), medical supplies, and related services. The Company provides
a full suite of medical products and solutions designed to help
patients manage chronic conditions in the home, adapt to challenges
in their activities of daily living, and thrive. Product and
service offerings include (i) sleep therapy equipment, supplies,
and related services (including CPAP and bi PAP services) to
individuals suffering from obstructive sleep apnea, (ii) medical
devices and supplies to patients for the treatment of diabetes
(including continuous
glucose monitors and insulin pumps), (iii) HME to patients
discharged from acute care and other facilities, (iv) oxygen and
related chronic therapy services in the home, and (v) other HME
devices and supplies on behalf of chronically ill patients with
wound care, urological, incontinence, ostomy, and nutritional
supply needs. The Company is proud to partner with an extensive and
highly diversified network of referral sources, including acute
care hospitals, sleep labs, pulmonologists, skilled nursing
facilities, and clinics. AdaptHealth services beneficiaries of
Medicare, Medicaid, and commercial insurance payors, reaching
approximately 3.9 million patients annually in all 50 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20230511005824/en/
Luke Cavanagh Director of Communications
Luke.cavanagh@adapthealth.com
AdaptHealth (NASDAQ:AHCO)
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