TOLEDO, Ohio, Sept. 27,
2019 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today
announced 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.
About Welltower
Welltower Inc. (NYSE:WELL), an S&P 500
company headquartered in Toledo, Ohio, is driving the
transformation of health care infrastructure. The Company invests
with leading seniors housing operators, post-acute providers and
health systems to fund the real estate infrastructure needed to
scale innovative care delivery models and improve people's wellness
and overall health care experience. Welltower™, a real estate
investment trust (REIT), owns interests in properties concentrated
in major, high growth markets in the United
States, Canada and the United Kingdom, consisting of
seniors housing, post-acute communities and outpatient medical
properties. For more information, visit www.welltower.com.
About CareMore Health
CareMore Health is a physician-founded, physician-led integrated
care delivery system that harnesses the power of teamwork to treat
the whole person. Through a focus on prevention and highly
coordinated care, its clinical model and designed-for-purpose
approach to managing chronic disease proactively addresses the
medical, social and personal health needs of its patients,
resulting in clinical outcomes above the national average and
ultimately, healthier people and communities.
Today, the CareMore delivery system provides care for enrollees
in Medicare Advantage and Medicaid health plans in Arizona, California, Colorado, Connecticut, Iowa, Nevada,
Tennessee, Texas, Virginia, and Washington, DC. CareMore also is participating
in a dual demonstration project in parts of Los Angeles County in conjunction with state
and federal regulators to coordinate care for people eligible for
both Medicare and Medicaid. To learn more about CareMore Health,
visit www.caremore.com and follow us on Twitter, Facebook and
LinkedIn.
Forward-Looking Statements
This press release may contain "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of
1995. When the Company uses words such as "may," "will,"
"intend," "should," "believe," "expect," "anticipate," "project,"
"estimate" or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the Company's
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. This may be a
result of various factors, including, but not limited to, those
factors discussed in the Company's reports filed from time to time
with the SEC. The Company undertakes no obligation to update
or revise publicly any forward-looking statements, whether because
of new information, future events or otherwise, or to update the
reasons why actual results could differ from those projected in any
forward-looking statements.
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SOURCE Welltower Inc.