CenterWell Senior Primary Care to Continue Expanding in 2024
- None.
- None.
The expansion of CenterWell Senior Primary Care into new regions and the addition of centers in existing markets is indicative of a strategic growth within the healthcare sector, specifically targeting the senior demographic. The organization's focus on underserved communities and the holistic care model it adopts are timely, as the aging population in the U.S. continues to grow, increasing demand for senior-specific healthcare services.
The commitment to opening 30-50 new centers through at least 2025 suggests a robust growth trajectory for Humana’s Primary Care Organization (PCO), potentially increasing its market share in the senior primary care niche. This could have positive implications for revenue growth and could be an attractive point for investors looking for companies with strong expansion strategies in high-demand sectors.
Humana's expansion plan for CenterWell Senior Primary Care has significant financial implications. The increased number of centers, particularly in underserved areas, could lead to a rise in patient volume and, consequently, higher revenue streams. The integration of services such as primary care, home health and pharmacy is designed to offer a value proposition that may attract more seniors, particularly those with Original Medicare and Medicare Advantage plans.
Moreover, the value-based care model that CenterWell operates under could potentially lead to cost savings through better chronic disease management and reduced emergency room visits. These factors could contribute to improved margins and a stronger competitive position in the healthcare market.
The expansion of CenterWell Senior Primary Care reflects a broader industry trend towards value-based, patient-centric healthcare models. The strategy to provide up to 50% more time during appointments and the inclusion of special amenities caters to the specific needs of the senior population. This patient-focused approach may resonate well with consumers and could enhance patient retention and satisfaction.
From a market perspective, the move to expand services in both new and existing markets demonstrates an understanding of demographic shifts and consumer demand. The healthcare industry is increasingly competitive and organizations that successfully anticipate and meet the needs of specific demographics, like seniors, are likely to achieve a sustainable competitive advantage.
Centers planned in new areas of
CenterWell Wendover in
-
Charlotte andRaleigh , N.C. -
Indianapolis - Jackson, Miss.
-
Louisville , Ky. -
Orlando , Fla. -
Richmond and Tidewater, Va.
CenterWell Senior Primary Care and its sister brand, Conviva Care Center, make up Humana’s Primary Care Organization (PCO), the nation’s largest, fastest-growing senior primary care provider in the country. Together they deliver care to approximately 295,000 seniors in nearly 300 centers as of Dec. 31, 2023. The organization plans to continue adding 30-50 new centers across
“Bringing these senior primary care centers to additional communities means more patients can benefit from the entire CenterWell ecosystem,” said Sanjay Shetty, M.D., president of Humana’s CenterWell healthcare services segment. “Giving more seniors access to the integrated assets of CenterWell – primary care, home health and pharmacy – means they’ll receive the holistic care they need at a greater value throughout the healthcare journey.”
New centers in
“It’s exciting to see our continued growth at CenterWell Senior Primary Care this year,” said Reneé Buckingham, President of CenterWell Senior Primary Care and Conviva Care Centers. “2023 was incredibly successful, with not just new in-person locations, but the debut of CenterWell Primary Care Anywhere, too. This year we’ll bring much-needed primary care to three new communities and expand care to more seniors in existing markets.”
CenterWell Senior Primary Care operates under a comprehensive, value-based, holistic care model. Board-certified physicians and integrated care teams are specially trained to treat the senior population. Physicians and advanced practitioners spend more time with their patients – up to
“The holistic care model at CenterWell Senior Primary Care benefits both seniors and clinicians,” said Vivek Garg, M.D., Chief Medical Officer for CenterWell Senior Primary Care and Conviva Care Centers. “Interdisciplinary care teams of nurses, social workers, pharmacists, and medical assistants work alongside our physicians and advanced practitioners empowering them to provide truly age-friendly, comprehensive care that improves health outcomes and quality of life. The result is better preventive and chronic disease management, fewer avoidable visits to the emergency room and hospital, higher satisfaction with healthcare, and clinicians who are practicing medicine as they always imagined.”
CenterWell Senior Primary Care and Conviva Care Centers accept patients with Original Medicare and a wide range of Medicare Advantage plans. The centers currently operate in
About CenterWell
CenterWell is a leading health care services business focused on creating integrated and differentiated experiences that put our patients at the center of everything we do. The result is high quality health care that is accessible, comprehensive, and, most of all, personalized. As the largest provider of senior-focused primary care, one of the leading providers of home health care, and a leading integrated home delivery, specialty, hospice, and retail pharmacy, CenterWell is focused on whole health and addressing the physical, emotional and social wellness of our patients. CenterWell is part of Humana Inc. (NYSE: HUM). Learn more about what we offer at CenterWell.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240130768490/en/
Lisa M.
Humana Corporate Communications
LFerguson16@humana.com
(256) 300-8340
Source: CenterWell
FAQ
Where will Humana's CenterWell Senior Primary Care open new centers?
What is the goal of Humana's CenterWell Senior Primary Care?
What services does CenterWell Senior Primary Care offer?
How many seniors does CenterWell Senior Primary Care currently deliver care to?
What type of care model does CenterWell Senior Primary Care operate under?
What insurance plans does CenterWell Senior Primary Care accept?
