Private-equity funded Eventus Whole Health recently acquired Doctors Making Housecalls (DMHC), a home primary care provider. The deal further highlights the growing interest in home primary care that will be seen throughout 2020.
Based in Charlotte, North Carolina, Eventus is a physician-led healthcare provider for residents and patients in skilled nursing and life support facilities. With the exception of North Carolina, the company operates in Indiana, Ohio, Kentucky, and South Carolina.
Founded in 2002, DMHC is a Durham, North Carolina-based provider that visits homes, supported living communities, and individual businesses 160,000 times each year. The company is a multi-specialized group of doctors, doctor assistants and nurse practitioners.
When integrated, the two organizations have more than 550 clinicians and employees. The company provides primary care, specialty care, and behavioral health in long-term care facilities and at home.
Currently, the merged company has 42,000 patients in five markets.
Eventus CEO Dr. Grace Terrell saw an opportunity in the “house call” model, especially in the light of the COVID-19 emergency. With this acquisition, Eventus will expand its care offerings to manage patient populations wherever they live.
“Our mission is to provide comprehensive care to medically vulnerable adults. [this population] Not all live in skilled care or living support facilities. Some of them are in independent elderly care facilities — and, of course, the majority live in private homes, ”Terell told Home Health News. “We were very interested in this before the pandemic, but especially in the pandemic, it became clear that we needed to expand our ability to provide care to our patients at home.”
She added that DMHC is one of the organizations that has truly refined the home primary care model. DMHC’s long-standing reputation was one of the main reasons why the company became an attractive acquisition target for Eventus.
DMHC is one of 15 organizations selected to participate in Medicare’s Independence at Home Demonstration Project.
Launched in 2019, Independence at Home is a CMS Innovation Center model that tests the effectiveness of providing primary care services at home.
“Look at the Medicare Independence at Home Demonstrations Project. They had some of the best results in the country in terms of superior quality and reduced cost of care and results,” Terrell said. “They are in North Carolina, where we clearly have a big presence. We know what kind of care they provide directly.”
According to DMHC CEO Dr. Alan Kronhaus, another distinguishing feature of DMHC practice is the company’s role as a primary care provider.
“We will be the patient’s primary care clinician, rather than seeing the patient for a limited period of time, for example in the’post-acute space’,” he told HHCN. “We get to know our patients better. We have a close relationship with them and their families. This is the cost of clinically superior service and care. I think it helped our ability to be effective, both in reducing quite dramatically. ”
In fact, Kronhouse believes that it focuses on what he calls the “pre-acute” space and provides active primary care for DMHC’s ability to reduce costs.
“If you’re focusing on a post-acute space where many … practices seem to be taking place these days, the horse is already out of the barn,” he said. “The real key to reducing costs and providing superior service, I would like to say, is to provide proactive primary care. This makes people equal and avoids crises. This reduces unnecessary ER visits and hospitalizations. ”
According to Kronhaus, the deal will expand DMHC’s ability to provide critical services to complex elderly patients and triple its ability to disseminate clinical models.
In addition, the acquisition will allow the two companies to combine support resources to operate more efficiently.
Going forward, Kronhaus believes that public health emergencies have “exclamed” the benefits of DMHC’s services that keep people away from the clinic.
“Whenever a patient goes to the waiting room with many other ill people … they are clearly exposed to a variety of pathogens and are at risk of nosocomial infections,” he said.
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