Capital will support improved access to PACE in current markets and new communities.
Fox 40 News
Stockton PACE Program of All-Inclusive Care for the Elderly. Daily Tours are available.
Since opening earlier this year, Stockton PACE has experienced significant growth, doubling its census to 51 seniors in need of a little extra help staying in their own homes.
A medical center dedicated to citizens wanting to age at home recently opened in Stockton, known at the Program of All-Inclusive Care of the Elderly (PACE).
Good Day Sacramento
Cambi Brown is checking out an all-inclusive care program for the elderly that helps them live independently in their home.
The PACE campus will provide onsite medical and dental care, physical therapy, meals and personal services such as bathing and a beauty shop for the elderly.
Imagine if you will a service designed to meet all the medical and social needs of the community’s frail seniors with the goal of keeping them out of nursing homes and hospitals. And for most participants with Medi-Cal or a combination of Medicare and Medi-Cal with no share of cost, all of its services are free.
WelbeHealth’s model of care leverages industry leading technologies to support highly coordinated interdisciplinary care teams and cultivates a service-oriented mentality in attending to each individual patient’s health and social needs.
“We are completely underinvested in primary care, mental health, care for pregnant moms, the frail elderly and people with chronic conditions, particularly people of color,” Slavitt said. “There are mission-driven entrepreneurs out there aiming to address these challenges, but investors tend not to see them. Instead, they tend to see bright shiny objects like wearable devices.”
Wall Street Journal
WSJ cites WelbeHealth as an example of company aligning healthcare incentives, regardless of political climate.
“We founded this company around the mission of serving our most vulnerable seniors with greater quality and compassion in a value-based model,” said Si France, MD, co-founder and CEO of WelbeHealth. “So we were very deliberate in selecting successful investors who have experience partnering with entrepreneurs to build truly mission-driven healthcare services companies.”
Wall Street Journal
In addition to providing medical services, Welbe Health plans to tend to members’ social needs. On a typical day, a participant would be picked up and brought to a day center where he or she can socialize. At the day center there will also be dining and a salon and an interdisciplinary care team that includes physicians, nurses, social workers, physical therapy and occupational therapy.
“There is an unprecedented level of mission alignment for us as healthcare partners,” according to Sutter Care at Home CEO Marcia Reissig, RN. “We both provide care for the most vulnerable patients, facilitating their ability to remain at home longer while reducing emergency room trips and inpatient stays. This is an ideal partnership for bringing the PACE model of elder care to more underserved communities.”
Mobile Health News
Many start-ups are now rushing into the frailty space to provide services to delay this gradual decline and in turn, preventing high cost complications. Two special early stage mentions in this category are Welbe Health and Attuned Care. Bay Area based Welbe Health (F-Prime) is implementing the much-acclaimed PACE program which provides Medicare reimbursement for delivering common activities of daily living such as meals, transportation, and home care assistance.
The New York Times
Dr. Si France, a founder of WelbeHealth, an early-stage company based in Menlo Park, Calif., says start-ups can use technology to improve clinical communication, help caregivers make treatment decisions and monitor patients at home or in a hospital. But he insists even a high-tech PACE program cannot veer from its origins. “We think this is an arena for missionaries, not mercenaries.”