STOCK TITAN

Aloe Care Taps Healthcare And Insurtech Expert Paul Rooney To Expand Partnerships With Medicare And Other Insurance Companies

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary

Aloe Care Health has appointed Paul Rooney as Executive Vice President of Business Development, tasked with forging strategic partnerships, especially with Medicare plans. With extensive experience in healthcare and insurtech, Rooney previously worked at eHealth (EHTH), serving millions of Americans. The company's voice-activated system targets safety and communication needs of older adults. As enrollment in Medicare exceeds 62 million, Aloe Care aims to meet rising demands with comprehensive services enhancing care collaboration and reducing costs.

Positive
  • Appointment of Paul Rooney enhances strategic partnerships, especially with Medicare plans.
  • Aloe Care's system addresses critical needs for safety and communication for older adults.
  • Growing Medicare enrollment presents an expanding market for Aloe Care's services.
Negative
  • None.

NEW YORK, Nov. 11, 2020 /PRNewswire/ -- Aloe Care Health has tapped seasoned Healthcare insurance expert Paul Rooney as Executive Vice President of Business Development. Rooney is charged with driving strategic partnerships for the company, most notably with Medicare plans. Aloe Care's voice-activated system is the world's most-advanced in-home medical alert and communication system for older adults and caregivers. The comprehensive offering addresses the critical voids in supporting independent older adults: safety, communication, and care collaboration.

Rooney joins Aloe Care with decades of experience in healthcare and insurtech. He previously served as the Vice President of Carrier Relations at eHealth, Inc. (NASDAQ: EHTH). At eHealth, Rooney enabled essential, consumer health coverage for millions of Americans across more than 180 top insurers.

"Paul has navigated the complexities of the Medicare landscape for a number of years, developing an expertise that will be invaluable to Aloe Care," said Ray Spoljaric, CEO and Co-founder of Aloe Care Health. "In our mission to help as many elders and caregivers as possible, connecting them to insurance partners is paramount. We're thrilled beyond measure to have Paul leading the charge." 

Rooney added, "Aloe Care provides a long-overdue, comprehensive, modern-day solution that is ideally suited to this moment. It will keep millions of people safer and more connected - I can't think of a more needed service for independent older adults in America. And for insurers, Aloe Care's ability to improve health outcomes while reducing unnecessary costs and increasing customer satisfaction makes it an ideal benefit inclusion."

According to the Centers for Medicare & Medicaid Services, more than 62 million Americans were enrolled in Medicare, Medicare Advantage or other health plans in January 20201 . The number of Americans eligible for Medicare is expected to grow tremendously in the next few years, as the 2017 U.S. Census Report projected more than 73 million people will be 65 or older in 20302 .

As Aloe Care continues to implement the technology solution for elders, they've named several key board members, including industry veteran Bob Hurley.

Aloe Care offers a comprehensive, proactive approach to remote caregiving and communication. Acclaimed by PC Magazine, Today's Caregiver, and MD Tech Review, among others, Aloe Care Essentials includes:

  • The Aloe Care Smart Hub with voice-activated access to 24/7 professional emergency response and built-in motion, temperature, and air quality sensors;
  • Contactless installation to align with COVID-19 safety protocols, requiring no technical know-how other than plugging the device into a wall socket;
  • 4G LTE connection (WiFi optional);
  • A secure Family and professional caregiver App to improve communication and care collaboration; includes the ability to make wellness check-in calls into the Smart Hub;
  • A wearable Care Button for added, at-home confidence; and,
  • A Professional Dashboard for caregivers managing multiple care recipients.

Aloe Care also offers a Total Care home set-up that adds automatic, wearable-free fall detection and additional environmental and motion sensors to the service.

For more, visit www.aloecare.com 

ABOUT ALOE CARE HEALTH: Aloe Care's voice-activated system is the world's most-advanced in-home medical alert and communication system for older adults. Aloe Care's award-winning solution was created by caregivers, for caregivers. More than 70 percent of the team actively supports aging-in-place parents and grandparents. The company is headquartered in New York.

1https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/CMSProgramStatistics/Dashboard
2https://www.census.gov/data/tables/2017/demo/popproj/2017-summary-tables.html

 

Cision View original content:http://www.prnewswire.com/news-releases/aloe-care-taps-healthcare-and-insurtech-expert-paul-rooney-to-expand-partnerships-with-medicare-and-other-insurance-companies-301171124.html

SOURCE Aloe Care Health

FAQ

Who is Paul Rooney and what is his role at Aloe Care Health?

Paul Rooney has been appointed as the Executive Vice President of Business Development at Aloe Care Health, focusing on forming partnerships with Medicare plans.

How does Aloe Care Health's system benefit older adults?

Aloe Care Health's voice-activated system enhances safety, communication, and care collaboration for older adults and caregivers.

What is the significance of Medicare enrollment for Aloe Care Health?

With over 62 million Americans enrolled in Medicare, Aloe Care Health aims to address the rising demand for senior care solutions through strategic partnerships.

What experience does Paul Rooney bring to Aloe Care Health?

Paul Rooney brings decades of experience in healthcare and insurtech, having previously worked at eHealth, where he facilitated health coverage for millions.

What is Aloe Care Health's mission?

Aloe Care Health's mission is to connect older adults and caregivers with insurance partners to improve safety and care collaboration while enhancing health outcomes.

eHealth, Inc.

NASDAQ:EHTH

EHTH Rankings

EHTH Latest News

EHTH Stock Data

249.52M
27.82M
5.37%
61.14%
1%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
AUSTIN