Excellus BlueCross BlueShield and
Intermountain Ventures Collaborate with Rapidly Growing In-Home
Care Provider
ROCHESTER,
N.Y., July 31, 2024 /PRNewswire/ -- WellBe
Senior Medical is pleased to announce that Excellus BlueCross
BlueShield ("Excellus BCBS") and Intermountain Ventures have
both made strategic investments in the company. This comes
following a lead investment made by CVS Health Ventures that was
announced in January of 2024.
"The significance of these investments from two
impressive entities further validates WellBe's commitment to be a
payor-agnostic, in-home, full-risk medical group," said Dr.
Jeffrey Kang, CEO of WellBe Senior
Medical.
Excellus BCBS' investment in WellBe follows a
recent partnership announced in March
2024. WellBe will bring care directly to the homes of 30,000
of Excellus BCBS' most vulnerable Medicare Advantage members in
upstate New York.
"Our collaborations with WellBe supports the
health plan's goals around improving health outcomes and addressing
the affordability of health care," said Jim
Reed, president and CEO of Excellus BCBS.
WellBe was founded in 2019 and is the largest and
fastest-growing, independent provider of in-home medical care in
the country. The organization currently cares for more than 130,000
lives across eight states.
About WellBe Senior Medical
WellBe Senior Medical and its affiliated medical groups are the
nation's largest and fastest-growing independent providers of
home-based medical care. WellBe specializes in delivering
comprehensive, home-based medical care to patients who are facing
multiple complex health challenges. WellBe provides personalized
care and works together with patients, their caregivers, and other
network physicians to nurture all aspects of health.
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SOURCE WellBe Senior Medical