Genesis HealthCare & Kindred Form Strategic Clinical Collaboration to Improve Quality, Outcomes & Care Transitions across the...
January 31 2017 - 4:30PM
Business Wire
Genesis HealthCare (Genesis) (NYSE:GEN) and Kindred Healthcare,
Inc. (Kindred) (NYSE:KND), two of the largest providers of
post-acute care in the nation, today announced a strategic clinical
collaboration to improve quality, outcomes and care transitions
across the post-acute continuum. This clinical collaboration brings
together Genesis as the nation’s top skilled nursing facility
provider and Kindred as one of the leading providers of
rehabilitation and post-acute care in the United States with
services that include home health, hospice, long-term acute care
(LTAC) hospitals, inpatient rehabilitation hospitals and contract
rehabilitation in acute and skilled facilities.
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“I am excited to embark on this new groundbreaking clinical
relationship with Kindred,” noted George V. Hager, Jr., Chief
Executive Officer of Genesis. “Under the new world of value-based
purchasing, providers across the continuum need to collaborate to
identify ways to provide the best care possible. Our relationship
marks the first time the two largest providers of post-acute care
are working together to pave the future for patients, payers and
the healthcare system.”
“Through this collaborative relationship, Kindred and Genesis
will build upon our abilities to deliver quality, share best
practices and improve care transitions in local markets across all
post-acute settings in order to meet patients where and when they
need care,” said Benjamin A. Breier, Kindred’s President and Chief
Executive Officer. “Our future will be driven by collaborative
efforts to deliver coordinated post-acute care with other
providers, enabled by technology and data-driven care management
capabilities. We believe that working with Genesis is an important
step in driving effective patient-centered care solutions and
proactively addressing the changing healthcare marketplace.”
Genesis and Kindred will collaborate in order to develop and
implement healthcare initiatives across the healthcare continuum
with the specific goals to improve quality care, patient safety,
efficiency and availability of healthcare services in the
community. The collaboration will utilize the clinical expertise of
both entities to align patient care across the continuum, but it
does not limit each company’s relationships with other providers. A
high priority will be placed on timely, efficient and safe care
transitions for patients across post-acute care settings. The new
relationship will include comprehensive data tracking and analysis
on discharges, readmissions, length of stay, and other key quality
and episode of care statistical information in order to develop
evidence-based clinical protocols, quality standards and benchmarks
to benefit patients.
Genesis and Kindred also plan to work together to:
- Promote physician collaboration and
integration to improve patient outcomes and the patient experience
across the continuum of care;
- Support the development of post-acute
care networks based on assessments of different patient populations
and services in order to better meet evolving patient needs in the
community;
- Identify ways to improve care and
outcomes for specific patient populations, including sharing data,
developing shared protocols and establishing best practices to care
for these patients, in compliance with all applicable laws,
including the Health Insurance Portability and Accountability
Act;
- Identify ways to better understand
population health and track patients’ episodes of care
post-discharge, through improved information technology
capabilities or otherwise; and
- Develop processes, guidelines and tools
for post-acute care discharge planning and care transitions for
patients and their families.
Both Genesis and Kindred also offer unique non-core businesses
that improve outcomes and further patient care which the other does
not offer. For example, Genesis wholly owns CareerStaff Unlimited,
a staffing firm, and Vitality to You, which provides in-home
services through its Outpatient Therapy agencies, while Kindred
offers AfterCare for post-discharge telephonic follow-up for LTAC
hospitals and hundreds of home health and hospice operations. Both
companies will look to leverage the others’ capabilities as
needed.
About Genesis
HealthCareGenesis HealthCare (NYSE:GEN) is a holding
company with subsidiaries that, on a combined basis, comprise one
of the nation’s largest post-acute care providers with
approximately 500 skilled nursing centers and assisted/senior
living communities in 34 states nationwide. Genesis subsidiaries
also supply rehabilitation and respiratory therapy to approximately
1,700 healthcare providers in 45 states and the District of
Columbia. References made in this release to “Genesis,” “the
Company,” “we,” “us” and “our” refer to Genesis Healthcare, Inc.
and each of its wholly-owned companies. Visit our website at
www.genesishcc.com.
About Kindred
HealthcareKindred Healthcare, Inc., a top-90 private
employer in the United States, is a FORTUNE 500 healthcare services
company based in Louisville, Kentucky with annual revenues of
approximately $7.2 billion(1). As of October 1, 2016, Kindred
through its subsidiaries had approximately 102,200 employees
providing healthcare services in 2,702 locations in 46 states,
including 82 LTAC hospitals, 19 inpatient rehabilitation hospitals,
91 nursing centers, 19 sub-acute units, 647 Kindred at Home home
health, hospice and non-medical home care sites of service, 104
inpatient rehabilitation units (hospital-based) and contract
rehabilitation service businesses which served 1,740 non-affiliated
sites of service. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for seven years, Kindred’s mission is to
promote healing, provide hope, preserve dignity and produce value
for each patient, resident, family member, customer, employee and
shareholder we serve. For more information, go to
www.kindredhealthcare.com. You can also follow Kindred on Twitter
and Facebook.
(1) Revenues based upon Kindred consolidated
revenues for the twelve months ended September 30, 2016.
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Kindred Healthcare, Inc.Susan E. Moss, 502-596-7296orGenesis
HealthCareJeanne Moore, 484-949-5647
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