HumanGood has joined the Perennial Consortium, increasing the value-based care initiative to now embody the No. 6 largest senior residing nonprofit within the U.S.
The Duarte, California-based senior residing group joined the group in late August with the buy of shares beforehand owned by Christian Dwelling Communities (CLC), which is able to stay an energetic participant in Perennial Benefit of Colorado and its plans for residents.
The Perennial Consortium advocates for value-based care plans and helps senior residing operators arrange their very own plans. The top aim is to assist residents keep properly for longer, and thus age in place of their care settings.
Lynne Katzmann, founder and CEO of Juniper Communities who spearheaded the group’s founding 5 years in the past, mentioned HumanGood will convey extra advantages to the value-based care group given its nationwide scale and continuum that features reasonably priced senior housing.
“They’re strongly mission-driven and dedicated, as the remainder of our members are, to an operator-owned plan that may set the usual for advantages and reimbursement between payers and senior residing suppliers,” Katzmann advised Senior Housing Information. “Their management is powerful and their bench is deep, and we’re thrilled that they’ve joined the consortium on the guardian degree.”
Katzmann added the addition of HumanGood and its President and CEO John Cochrane to the board of administrators won’t change the group’s construction.
Juniper had beforehand proved the efficacy of persistent illness administration and early intervention with its Connect4Life care integration mannequin, which has since its creation a few years in the past led to “considerably decreased hospitalizations,” Katzmann mentioned.
“Equally, if no more importantly, we demonstrated that we are able to save important {dollars},” Katzmann mentioned. “Perennial has been a task mannequin for demonstrating the worth of senior residing to the well being of older People and most significantly, the plan has proven that senior residing might be reimbursed for the companies it offers in care coordination, diet help, seamless entry to main care and this 12 months and the worth of safe housing.”
HumanGood formally joined the consortium on Aug. 21. In keeping with the press launch, the collaboration will permit Perennial Consortium to “improve operational efficiencies and proceed to offer prime quality and modern senior care.”
“By coming along with Perennial, we will help develop our mission to encourage the most effective life for extra residents and households,” Cochrane mentioned within the press launch.
The Perennial Consortium is only one means that senior residing operators try to develop in value-based care. Throughout the business, numerous operators, together with 12 Oaks, Benchmark Senior Dwelling, and Epoch Senior Dwelling are engaged in a value-based care “arms race” that’s reshaping the face of the business.
