Humana bets on home health with One Homecare Solutions acquisition
June 16, 2021
by Gus Iversen
, Editor in Chief
Insurance provider Humana has signed an agreement to acquire One Homecare Solutions, a provider of home-based services, from WayPoint Capital Partners. The acquisition is intended to advance Humana’s strategy toward building a value-based home health offering.
One Homecare Solutions, which does business as onehome, provides one integrated point of accountability for coordinating the needs of patients, physicians, hospitals and health plans for home-based patient care. The company manages a range of post-acute needs including infusion care, nursing, occupational therapy, physical therapy and durable medical equipment (DME) services at patients' homes, as well as appropriate site-of-care placement through its skilled nursing facility (SNF) at home programs.
The onehome acquisition is intended to complement Humana's recent acquisition of Kindred at Home, an in-home healthcare provider.
“At Humana, we are implementing a strategy to build a new value-based home health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for health plan partners,” said Susan Diamond, segment president for Humana’s home business and Humana’s interim chief financial officer, 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.”
Financial terms were not disclosed.