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CenseoHealth and Advance Health to become Signify Health
By Signify Health News on 7/18/18 9:52 AM
DALLAS -- Unified organization increases investment in technology and clinical services to deliver complex care management solutions for value-based care in the home
Signify Health, a leading provider of technology-enabled healthcare services, launched today with a focus on expanding and evolving complex care management services and technology at a national scale. Signify Health was formed in December of 2017 by the integration of industry leaders CenseoHealth and Advance Health following the recapitalization of both companies by New Mountain Capital. The partnership has expanded both companies' reach in the in-home health evaluation and complex care management spaces.
"It's more than a new name," said Kyle Armbrester, Chief Executive Officer of Signify Health. "Both companies already had tremendous experience engaging with members in their homes, one of the lowest cost settings to provide care. Now, we're investing in our technology platform to support a new and distinct clinical vision to rapidly expand into the complex care management space. At its core, Signify Health is committed to transform the quality and delivery of care by utilizing our intelligent technology platform to create a better care experience through our national network of clinicians. Our physicians, nurse practitioners, and other members of our clinical team engage with more than one million unique members, face-to-face, in their homes or places of residence each year in nearly every U.S. county. We view this as a launch pad for delivering fully informed, individualized care where individuals need it most. Under New Mountain Capital's sponsorship, Signify Health has the resources, expertise, data, and technology to better serve our health plan clients and their members."
Signify Health deploys physicians and nurses into home and facility settings to close gaps in care and documentation for high-risk patients, which increases data accuracy and engages health plan members in ongoing care in their place of residence. In recent years, the company has adopted this mature offering to begin offering longitudinal care management in the place of greatest convenience for patients.
Signify Health's field-based, multi-disciplinary complex care team provides ongoing care to address chronic conditions, prevent hospitalizations, and integrate medical, behavioral, and social determinants of health. Based on health plans' provider network strategy, Signify Health's clinical resources and technology platform can also be leveraged within the provider network to achieve financial and quality goals per its value-based contracts. Beyond reducing healthcare costs, this unified platform and expanded network helps health plans retain members and improve their quality of life.
"The new company name is just the beginning," said Matt Holt, Managing Director at New Mountain Capital and a Board Member of Signify Health. "Now we can focus on building on our strengths and putting the right resources behind new product offerings. We are enabled to set the global standard of excellence in optimized patient care."
About Signify Health
Signify Health partners with leading health plans, healthcare providers, and technology companies to improve quality of life by providing comprehensive care where and when it's needed most. With an innovative logistics and clinical workflow technology platform, exhaustive data set, and an unparalleled national clinical network, the company provides tech-enabled care services to vulnerable populations within the routine of their daily lives to improve health and quality of life. Signify Health serves well over one million health plan members each year, providing health risk evaluations, complex care management, and specialized medical services in the home and other convenient locations. Signify Health is headquartered in Dallas, Texas, with locations in Virginia and South Dakota. Please visit www.signifyhealth.com as well as our LinkedIn page for more information about the company.
About New Mountain Capital
New Mountain Capital is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $20 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.