CareConnectMD Announces $25 Million Investment from TT Capital Partners to Fuel Expansion and Hiring
Summary
CMS designed the program to help drive the shift to value in Medicare, reduce the administrative burden on providers, and empower beneficiaries to engage in their own healthcare. CMS has introduced several Medicare value-based programs in recent years to reward healthcare providers with incentive payments for the quality of care they deliver, all part of CMSs larger strategy to reform how healthcare is delivered and compensated.High-needs patients account for only 5 percent of the U.S. population, but 50 percent of the nations overall healthcare costs, providing a tremendous opportunity for innovative care models to improve quality, drive savings, and enhance the quality of life for the most frail participants, said Dawn Owens, CEO and Partner of TT Capital Partners, who will join CCMDs board of directors as part of the investment. We are delighted to be partnering with a company that is poised to be a next-generation leader in the shift to value in Medicare.For 25 years, weve been pioneers in the healthcare of the fragile, delivering clinical care to medically complex patients, said Kim Phan, founder and CEO of CCMD. And as one of just eight high-needs DCEs in CMSs new program, we now have the opportunity to revolutionize care delivery by allowing providers and facilities to enter into value-based contracts. The company is addressing an urgent market need and is well positioned to drive improved outcomes and meaningfully impact in the shift to value in Medicare.CCMD provides comprehensive care for medically complex and high-needs patients, whether they live in specialized facilities or their own homes, including routine visits, supportive care, geriatric behavioral services, and 24/7 on-call providers.