The acquisition marks another step in Humana's strategic initiative to further develop the organization's value-based home healthcare offerings.
Humana announced Monday morning that it has signed a definitive agreement to acquire One Homecare Solutions (onehome) from WayPoint Capital Partners.
The acquisition of onehome, based in Miramar, Florida, marks another step in Humana's strategic initiative to further develop the organization's value-based home healthcare offerings.
In April, the Louisville-based insurer announced it would acquire the remaining 60% interest in Kindred at Home, a home healthcare and hospice provider.
Onehome's value-based, full-risk model aims to improve patient outcomes and quality of care while lowering health plan costs. Currently, the organization manages "a range of post-acute needs" including nursing, occupational therapy, physical therapy, infusion care, in-home durable medical equipment services, and site of care placement.
The acquisition is slated to close during Q2 2021, subject to state and federal regulatory approvals. No financial terms were disclosed.
According to a company press release, onehome will enable Humana to "deliver value-based home health at a national scale" through:
- Its experience in risk-based contracting and its "fully capitated models in place in Florida and Texas" which can be used to expand contracting in other states.
- The organization's "fully-dedicated network management and utilization management systems" can be utilized for more efficient administration of in-home visits.
- Its ownership and management of home-based durable medical equipment and infusion services, which can be expanded to other markets outside of members in its core geographies.
- Its ownership of durable medical equipment can also help deliver better outcomes at a greater value, through "reduced waste and more consistent equipment utilization."
"The acquisition of onehome is a key component of [our] strategy. It complements our recent announcement to fully acquire and integrate Kindred at Home and brings together additional capabilities that will allow Humana to deliver value-based home health at a national scale," Susan Diamond, segment president for Humana's home business and Humana's interim CFO, said in a statement. "By combining onehome’s value-based approach with Kindred's home health services and Humana's analytical capabilities and clinical expertise, we believe we can create a transformational value-based offering to serve more people, including non-Humana plan members, nationwide."
Melanie Blackman is the strategy editor at HealthLeaders, an HCPro brand.