Welltower Inc. recently revealed a strategic collaboration with CareMore Health to improve care, outcomes and to reduce the total cost of care for the senior populations living in select Welltower communities.
The initial focus of the collaboration will be to integrate CareMore’s clinical programs and onsite care models at Welltower communities in Los Angeles and Orange County in collaboration with Welltower operating partners Belmont Village and SRG Senior Living. Following the implementation of these programs, CareMore and Welltower will look to expand this partnership more broadly into other regional and national markets.
“Welltower is proud and excited to announce this first of its kind collaboration with CareMore Health. We firmly believe that this innovative partnership will demonstrate the benefits of managing the complex health care needs of seniors in lower cost settings with the goal of achieving improved outcomes,” said Thomas J. DeRosa, Welltower’s Chairman and CEO. “The joining of Welltower’s best-in-class operator platform and the outstanding care-based navigational tools and programs offered by CareMore Health, will benefit not only our resident senior population, but will offer a true model of value-based health care.”
This programmatic collaboration links the operating capabilities of Welltower’s independent and assisted living operating partners with the world-class clinical model and programs developed by CareMore, which are uniquely suited to address community-based senior populations. In addition, the partnership will introduce residents in the facilities to Medicare Advantage institutional special needs plans (I-SNP) offered through CareMore’s partnering health plans. CareMore clinicians deliver and manage care for patients enrolled in these special needs plans.
“We are pleased to bring CareMore’s high-touch integrated model to Welltower communities to deliver world-class on-site care to their residents,” said CareMore president Sachin H. Jain, MD, MBA. “By deploying our interdisciplinary care teams of physicians, nurse practitioners, and pharmacists into these communities we aim to continue our mission that includes making high-quality, compassionate health care easy to access. We look forward to this collaboration with Welltower that will serve as a model for effective care.”
Residents enrolled in the CareMore program will have access to CareMore’s mobile interdisciplinary team of nurses, doctors, behavioral health specialists, pharmacists, case managers, and clinical coordinators to implement personalized care plans. The CareMore team, along with participating assisted-living wellness staff, will work closely together with the goal to increase access to care, shorten and reduce avoidable hospital stays, reduce polypharmacy, ensure successful transitions across settings, and enable residents to safely age in place.
Benefits of this collaboration will be actualized through the creation of operational efficiencies that leverage each organization’s expertise. Through this collaboration, we anticipate improved health and wellness of the resident population, while prioritizing the growing national interest in leveraging value-based payment methodologies that emphasize improved care at a lower cost.