Modivcare Partners with American College of Cardiology to Launch Caring Hearts Initiative in New Jersey

Rhea-AI Summary

Modivcare (MODV) has partnered with the American College of Cardiology (ACC) to launch the Caring Hearts Initiative in Camden County, New Jersey. This program aims to address health disparities in underserved communities by providing essential supportive care services. Key activities include:

• Placement of Higi Stations for health screenings
• Connecting residents to food insecurity resources
• Distributing educational materials on heart health
• Collaborating with local partners like The Food Trust

The initiative has already conducted 400,000 heart risk tests nationally and over 4,000 screenings in Camden. This multi-city program demonstrates the power of collaboration between national organizations and local partners in addressing health disparities and improving community health outcomes.

Positive

• Partnership with American College of Cardiology to address health disparities
• 400,000 heart risk tests conducted nationally through Caring Hearts Initiative
• Over 4,000 health screenings completed in Camden locations
• Collaboration with local partners to provide food insecurity resources and health education

Negative

• None.

Insights

Market Research Analyst

The partnership between Modivcare and the American College of Cardiology for the Caring Hearts Initiative in Camden County, New Jersey, represents a strategic move in addressing health disparities in underserved communities. While this initiative is commendable from a social responsibility perspective, its immediate impact on Modivcare's financial performance is likely .

The program's focus on 400,000 heart risk tests and 4,000 screenings in Camden demonstrates potential for data collection and market penetration. However, the financial implications and revenue generation potential from this initiative are not clearly outlined. Investors should consider this as a long-term investment in community goodwill and potential future market expansion rather than a short-term revenue driver.

The partnership could enhance Modivcare's brand reputation and potentially lead to increased adoption of their Higi service, but concrete financial benefits remain to be seen. Investors should monitor for any future announcements regarding scalability of this initiative and its impact on Modivcare's market position in the healthcare services sector.

Healthcare Policy Analyst

The Caring Hearts Initiative aligns with broader healthcare policy trends focusing on preventive care and addressing social determinants of health. This partnership positions Modivcare strategically in the evolving healthcare landscape, potentially enhancing its value proposition to payers and providers.

The initiative's focus on food deserts and health disparities in Camden County, ranked #1 on the NJ EDA Food Desert Relief Act Map, demonstrates a targeted approach to a critical public health issue. This could lead to favorable policy considerations and potential government partnerships in the future.

However, the scalability and sustainability of such initiatives remain key questions. Investors should watch for policy developments that could support or hinder similar programs, as well as any measurable health outcomes that could influence future healthcare spending and reimbursement models. The initiative's success could position Modivcare as a key player in community-based healthcare solutions, potentially opening new revenue streams.

Medical Technology Analyst

Modivcare's use of Higi Stations for community health screenings represents an innovative application of health tech in underserved areas. The 400,000 heart risk tests conducted nationally provide a significant data collection opportunity, potentially valuable for population health management and targeted interventions.

The integration of these stations with educational materials and resource connections demonstrates a holistic approach to health technology deployment. This could differentiate Modivcare in the competitive healthtech market, especially in the growing field of remote patient monitoring and community-based care.

However, the financial model behind these deployments is not clear from the article. Investors should seek clarity on how Modivcare monetizes these stations and whether they contribute directly to revenue or serve primarily as a loss-leader for other services. The scalability and maintenance costs of the Higi Station network will be important factors in assessing the long-term viability and profitability of this technology-driven approach to community health.

CAMDEN, N.J.--(BUSINESS WIRE)-- Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving health outcomes, through its Higi service, highlights its partnership with the American College of Cardiology (ACC) to introduce the Caring Hearts Initiative in Camden County, New Jersey. This initiative aims to bring essential supportive care services to communities with significant health disparities.

Caring Hearts is a grassroots, community-driven initiative designed to leverage the resources of national organizations like ACC and Modivcare, local community partners, and community corner store owners. Its goal is to deliver health and nutrition resources to underserved communities, addressing health disparities through strategic partnership and innovative programs. Camden County ranks #1 on the New Jersey Economic Development Authority (NJ EDA) Food Desert Relief Act Map and is one of several locations participating in this multi-city program.

Key activities in Camden County include:

• Placement of Higi Stations: These conveniently located health stations offer community members the opportunity to screen themselves for hypertension, obesity and diabetes risks, facilitating awareness and educational outreach.
• Connecting People to Resources: On-the-ground efforts will connect residents to food insecurity resources, including financial incentives provided by the Food Trust to community members and to corner store owners to stock fresh produce and vegetables.
• Educational Materials: Materials distributed through health stations increase knowledge of risk factors for heart disease and other conditions. Additionally, individuals gain access to information on heart health from CardioSmart, ACC’s patient engagement program.
• Coalition of Partners: This collaborative effort involving Modivcare, ACC, The Food Trust and local store owners serves to deliver health and nutrition resources, aiming to reduce the prevalence of health disparities through traditionally underserved communities.

Milestones and Achievements:

• Risk Assessments: Caring Hearts Higi Stations in New Jersey and nationally have conducted 400,000 heart risk tests, collecting information on family history, lifestyle and weight to assess the lifetime risk of cardiovascular disease.
• Vaccine Awareness Program: Now in its third year under a grant program with Council of Medical Specialty Societies (CMSS), the Caring Hearts Initiative educates and provides resources to the community, reinforcing the importance of immunizations in preventing heart disease and stroke.
• Partnerships: Long-standing collaboration with a non-governmental organization to address key health barriers through multi-year programs.
• Higi Station Impact: Modivcare’s Higi Stations have already significantly increased community health in Camden Caring Hearts locations by conducting over 4,000 screenings thus far, contributing to increased health awareness, early detection and better management of chronic conditions.

“We are proud to collaborate with the ACC and local Camden partner, The Food Trust, on the Caring Hearts Initiative,” said L. Heath Sampson, President and Chief Executive Officer of Modivcare. “This key partnership allows us to connect with the right local partners and make a meaningful impact in the community by providing essential health and nutrition resources. By making these connections to care, we are fostering an environment that supports the health and well-being of the members we serve.”

“With the Caring Hearts Initiative, our goal is to provide ongoing support resources for food security, nutrition and meal planning through our community partners, and in-store health screening services and patient risk assessments with Higi and Modivcare,” said Dick Kovacs, MD, MACC, Chief Medical Officer of the ACC. “All of which have a direct impact on heart health. This initiative exemplifies how strategic partnerships can effectively address health disparities.”

“The Food Trust is honored to be part of the Caring Hearts Initiative, which enhances the healthy food access, nutrition incentive, nutrition education and resource navigation work our organization has done with small stores in Camden for the last decade,” says Nyssa Entrekin, MS, RD, Associate Director of Community Based Programming at The Food Trust. “Adding a blood pressure machine to a store that’s available at all times has been a huge asset in the community. Store owners and shoppers have told staff that they frequently use the machine and it’s transformed the way they see the store.”

With its presence in three cities nationally, 12 corner stores and community center locations and over 9,500 completed screenings, the Caring Hearts Initiative is a significant step toward creating more inclusive and healthier communities. This initiative showcases the power of collaboration between national organizations and local partners to drive social change and ensure that everyone, regardless of their physical abilities or economic status, has access to the resources they need to lead healthier lives.

About Modivcare

Modivcare Inc. (Nasdaq: MODV) is a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions for public and private payors and their members. Our value-based solutions address the social determinants of health (SDoH), enable greater access to care, reduce costs, and improve outcomes. We are a leading provider of non-emergency medical transportation (NEMT), personal care and remote patient monitoring. To learn more about Modivcare, please visit www.modivcare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240828749124/en/

Media

Melody Lai

Sr. External Communications Manager

media.inquiry@modivcare.com

Source: Modivcare Inc.

FAQ

What is the Caring Hearts Initiative launched by Modivcare (MODV) and the American College of Cardiology?

The Caring Hearts Initiative is a community-driven program launched by Modivcare (MODV) and the American College of Cardiology in Camden County, New Jersey. It aims to provide essential supportive care services and address health disparities in underserved communities through health screenings, food insecurity resources, and educational materials on heart health.

How many heart risk tests has the Caring Hearts Initiative conducted through Modivcare's (MODV) Higi Stations?

The Caring Hearts Initiative has conducted 400,000 heart risk tests nationally through Modivcare's (MODV) Higi Stations. These tests assess the lifetime risk of cardiovascular disease by collecting information on family history, lifestyle, and weight.

What impact has the Caring Hearts Initiative had in Camden, New Jersey for Modivcare (MODV)?

In Camden, New Jersey, Modivcare's (MODV) Caring Hearts Initiative has conducted over 4,000 health screenings through Higi Stations. This has contributed to increased health awareness, early detection, and better management of chronic conditions in the community.

Who are the key partners involved in Modivcare's (MODV) Caring Hearts Initiative in Camden, New Jersey?

The key partners involved in Modivcare's (MODV) Caring Hearts Initiative in Camden, New Jersey include the American College of Cardiology (ACC), The Food Trust, local corner store owners, and other community organizations. This coalition aims to deliver health and nutrition resources to underserved communities.