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Today: May 23, 2024
January 8, 2024
1 min read

CVS Health Ventures Backs WellBe Senior Medical in Funding Round

TLDR:

– WellBe Senior Medical, a Chicago-based in-home value-based care provider, has received an investment from CVS Health Ventures.
– The partnership and investment will help WellBe accelerate its national expansion.

WellBe Senior Medical has secured an investment from CVS Health Ventures. The amount of the investment has not been disclosed. This strategic partnership and investment will aid in the company’s goal of expanding nationally. WellBe Senior Medical specializes in providing home-based medical care (HBMC) to patients who face complex health challenges. The company works with health plans to deliver physician clinic services directly to the patient’s home, managing care for Medicare Advantage patients who have high medical loss ratios. By providing proactive medical care at home, WellBe aims to reduce unnecessary hospitalizations, decrease medical costs, and improve patient satisfaction. Currently, WellBe operates in seven states with over 107,000 Medicare Advantage members and manages over $2 billion in premium. This investment from CVS Health Ventures will support WellBe’s mission to expand its services and reach a wider patient population.

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