Addus Homecare Announces Value-Based Agreement With Blue Cross and Blue Shield of New Mexico

Rhea-AI Summary

Addus HomeCare Corporation (NASDAQ: ADUS) has announced a new value-based agreement with Blue Cross and Blue Shield of New Mexico (BCBSNM) for Medicaid members served by its Ambercare subsidiary. The "Stay Healthy at Home" program aims to facilitate timely care for members identified with care gaps, reducing the need for emergency visits. Addus will provide training for caregivers to better recognize urgent needs and coordinate care with BCBSNM. This agreement is anticipated to enhance member outcomes and satisfaction while promoting effective home-based care delivery.

Positive

• New value-based agreement with BCBSNM could enhance patient care and financial outcomes.
• Training for caregivers will improve identification of urgent health needs, potentially reducing hospital admissions.
• Agreement supports better health outcomes for Medicaid members in New Mexico.

Negative

• None.

FRISCO, Texas--(BUSINESS WIRE)-- Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced it has entered into a “Stay Healthy at Home” value-based agreement with Blue Cross and Blue Shield of New Mexico (BCBSNM) for Medicaid members served by its subsidiary company, Ambercare Corporation (Ambercare). Ambercare is an operator of home health, hospice and personal care services in the State of New Mexico.

The “Stay Healthy at Home” program is designed to help BCBSNM members obtain appropriate and timely care when a care gap or potential disease acceleration is identified by the client and/or their Addus caregiver. With that information, the Addus team will work with BCBSNM care coordination staff to remove barriers to service, coordinate with the member’s primary care physician (PCP), and, when appropriate, mobilize community-based clinical care as an alternative to emergency room visits or hospital admissions. Service metrics and clinical quality outcome measures are key features of the program.

The program will also include specific training for Addus’ home care aides so they can more effectively identify and report changes in a member’s condition that could require urgent intervention. These reports will be reviewed and coordinated by Addus care transition coordinators and communicated to the health plan and member’s PCP for follow up. Addus will also assist with coordination and scheduling of medical procedures needed by members to close known Healthcare Effectiveness Data and Information Set (HEDIS) care gaps.

Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus, stated, "We are pleased to enter this agreement with BCBSNM, to help achieve better health and financial results for BCBSNM as well as improved member satisfaction and outcomes. As a provider of comprehensive home-based care, we have a significant opportunity to work with the BCBSNM team to promote better outcomes. The “Stay Healthy at Home” program will benefit both our dedicated team of caregivers and the clients we serve across New Mexico. We look forward to working in partnership with BCBSNM, who shares our mission to provide quality, patient-centered care in the home.”

About Addus HomeCare
Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare’s payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus HomeCare currently provides home care services to approximately 44,500 consumers through 207 locations across 22 states. For more information, please visit www.addus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116005130/en/

Brian W. Poff

Executive Vice President,

Chief Financial Officer

Addus HomeCare Corporation

(469) 535-8200

investorrelations@addus.com

Dru Anderson

CCI FINN Partners

(615) 324-7346

dru.anderson@finnpartners.com

Source: Addus HomeCare Corporation

FAQ

What is the new program announced by Addus HomeCare and BCBSNM?

Addus HomeCare and BCBSNM announced the "Stay Healthy at Home" program, aimed at providing timely care for Medicaid members.

What are the key features of the Stay Healthy at Home program?

The program focuses on identifying care gaps, coordinating care with primary physicians, and mobilizing community-based clinical care.

How does the agreement between Addus and BCBSNM benefit Medicaid members?

It simplifies access to care, reduces emergency room visits, and improves overall health outcomes.

When was the agreement between Addus and BCBSNM announced?

The agreement was announced recently but does not specify an exact date in the press release.