A new partnership between Humana Inc. (NYSE: HUM) and Thyme Care promises to expand access to palliative care among the oncology care company’s patient population. The value-based agreement contracts Thyme Care with Humana Medicare Advantage plans, giving them access to their beneficiaries. Humana Medicare Advantage members who are eligible for the program in Michigan, New […]
A clear trend has emerged in the health care industry: Mergers and acquisitions of health care firms have slowed year over year. Though home-based care M&A showed “signs of life” in Q3 2024 in what has otherwise been a relatively quiet year thus far, transaction volume was still down last year, according to a report […]
The value-based cancer care enabler Thyme Care has appointed a scientific advisory board with palliative care expertise to ensure that care and services are aligned with the most up-to-date literature and research. The four-person board includes experts in palliative care, geriatric oncology, health policy, care delivery, predictive analytics and health care innovation from health systems, […]
The oncology-focused value-based enabler Thyme Care has completed a $95 million funding round that includes $55 million in equity funding. The company offers palliative care in addition to other services. In May, Thyme Care launched a new palliative care telehealth offering, branded as Enhanced Supportive Care. Thyme Care will use the new infusion of investment […]
Palliative care clinical recruitment involves some unique elements compared to other health care settings. Among the challenges is a general lack of awareness of palliative care and its distinctions from hospice among the public, clinicians in other settings and payers. Without widespread change, demand for palliative care in the United States is projected to outstrip […]
Telehealth’s value proposition is building in the palliative care realm as regulators mull policies around future utilization, leaving providers to navigate uncertain and potentially difficult challenges among patients. Telehealth has been among the drivers of greater access to palliative care and improved quality among seriously ill patient populations, according to Dr. Michael Fratkin a palliative […]
Nashville-headquartered Thyme Care recently secured an investment from Echo Health Ventures and CVS Health Ventures (NYSE: CVS) to scale its value-based oncology care model. The dollar amount was undisclosed. CVS and Echo’s investment adds weight to Thyme Care’s $60 million funding round secured last year to grow its health services for cancer patients. Through the […]
Many believe that the fee-for-service model does not sufficiently support a robust palliative care program, meaning that providers must turn to value-based systems for sustainable reimbursement. But primarily, Medicare still reimburses for palliative care through fee-for-service payment programs that cover physician and licensed independent practitioner services. That model does not sufficiently cover the full range […]
Palliative care providers are faced with uncertainties that abound over the regulatory future of telehealth as they continue to shape their programs. Some telehealth flexibilities that were temporarily implemented during the COVID public health emergency (PHE) are scheduled to sunset at the end of 2024. During the pandemic, the U.S. Centers for Medicare & Medicaid […]
Oncology practices have increasingly collaborated with palliative care providers — or built their own service lines — to better support cancer patients throughout their health care journeys. Cancer patients can benefit from the interdisciplinary support of a palliative care team, but a main barrier to access is that oncology clinicians often lack insight around these […]
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