SGFY - SGFY STOCK NEWS

On March 6, 2023, Cardinal Health (NYSE:CAH) announced a collaboration with Signify Health (NYSE:SGFY) to provide in-home clinical and medication management services via its Outcomes™ business. This initiative aims to reduce healthcare costs and address medication adherence issues for over 2.3 million members across the nation. Leveraging Signify Health's network of 11,000+ clinicians and the OutcomesOne™ platform, the service intends to enhance coordinated care, focusing initially on Medicare Advantage members. The collaboration may expand to additional services, such as population health programs.

Addus HomeCare Corporation (NASDAQ: ADUS) appointed Heather Dixon, CPA, as an independent board member effective March 1, 2023. She takes over the seat previously held by Steven Geringer and will also serve on the Audit Committee. Currently the CFO at Everside Health, Dixon has extensive experience in financial roles at major healthcare organizations, including Walgreens and Aetna. Dirk Allison, Chairman and CEO, expressed confidence in Dixon's expertise, emphasizing her potential contribution to corporate governance and growth strategies. Addus HomeCare provides vital home care services to 46,500 consumers across 22 states.

Signify Health (NYSE: SGFY) has announced its participation in the CMS Advance Investment Payments program, aiming to support rural and underserved healthcare providers.

This initiative addresses healthcare disparities, as rural communities face significant challenges, including staffing shortages and limited access to essential services.

The AIP program will offer upfront funding to help providers build the necessary infrastructure for the Medicare Shared Savings Program (MSSP). Notably, the prior ACO Investment Model generated $382M in savings over three years. Signify Health acquired Caravan Health in March 2022, enhancing its network and capabilities in value-based care.

Signify Health has announced a collaboration with Prospect Medical Holdings to enhance patient care through a new Medicare Shared Savings Program in Connecticut. This partnership will see Prospect facilities join a Signify-enabled accountable care organization (ACO) aimed at improving healthcare quality and managing costs. By leveraging data-driven strategies and shared resources, the collaboration seeks to boost health outcomes for Medicare patients, especially in underserved communities, while also expanding risk management capabilities.

Signify Health expands its relationship with Ardent Health Services as Ardent transitions from the BPCI-A program to a Signify-supported accountable care organization (ACO) in 2023.

The collaboration aims to manage risk and deliver high-quality care for Medicare patients, aligning with CMS goals for accountable care.

Notably, Ardent has achieved a 26% reduction in 90-day readmission rates, enhancing patient outcomes. This partnership also follows Signify's acquisition of Caravan Health, bolstering its ACO capabilities, with participants historically earning shared savings.

Signify Health (NYSE: SGFY) announces the expansion of its in-home Diagnostic and Preventive Services for Medicare Advantage and Medicaid members, targeting major chronic health conditions. This initiative enhances early detection and management of diseases such as COPD, colorectal cancer, and diabetes, ultimately aiming to improve health outcomes and reduce care costs. Notably, spirometry testing for COPD, a significant health issue, is now part of this service. Early diagnosis is emphasized as key to effective treatment and mortality reduction.

Signify Health (NYSE: SGFY) has received the National Committee for Quality Assurance (NCQA) certification for the Healthcare Effectiveness Data and Information Set (HEDIS®) for the second consecutive year. This certification verifies the company’s methodology in identifying Medicare members with care gaps suitable for in-home diagnostic testing. Signify Health's services are critical as they enhance diagnosis and preventive care for at-risk patients. The expanded certification in 2022 includes osteoporosis screening for older women, supporting comprehensive health management.

CVS Health will acquire Signify Health for $30.50 per share, totaling approximately $8 billion. This strategic move focuses on enhancing value-based care by integrating Signify's extensive clinician network and analytics capabilities. With over 10,000 clinicians nationwide, Signify aims to improve patient outcomes via home-based visits. CVS expects this acquisition to drive growth and is confident in achieving long-term EPS goals. The deal awaits regulatory and stockholder approval, with anticipated closure in the first half of 2023.

Signify Health (NYSE: SGFY) reports its Collaborative ACOs saved over $138 million in 2021 and generated record ACO sales in 2023, managing over 700,000 lives. Their success-based pricing model minimized risks, resulting in 100% MIPS scores for all ACOs. This strong performance led to shared savings exceeding $59 million for community hospitals. In 2022, Signify aligned with more than 29,000 providers, enhancing their services with in-home capabilities. The acquisition of Caravan Health has bolstered their national provider network.