DispatchHealth and Medically Home have announced their decision to merge, forming a unified provider of medical care delivered directly to patients in their homes. This strategic move will combine the strengths of both organizations and expand their reach to cover 50 major metropolitan areas in collaboration with nearly 40 health systems, as well as various health plans and value-based care entities.
Dr. Mark Prather, co-founder and executive chair of the board for DispatchHealth, expressed his excitement about the merger, stating that it paves the way for high-acuity care at home to become the new standard in healthcare delivery. The companies referenced research from Chilmark indicating that the hospital-at-home market is projected to grow to $300 billion by 2028, driven by improved patient outcomes and cost efficiency.
The newly formed entity will be equipped to provide services such as same-day medical care for serious health issues and complex, hospital-level care in the comfort of patients’ homes. By leveraging their combined capabilities, the organizations aim to reduce the total cost of care by up to 30% over a 30-day period and free up over 62,000 bed days, thereby alleviating pressure on healthcare systems.
Graham Barnes, CEO of Medically Home, emphasized the importance of offering high-acuity home-based care, stating that for many patients, the best hospital bed is the one in their own home. By joining forces with DispatchHealth, the organizations are creating a more integrated model that will empower more patients, providers, and health systems to embrace advanced medical care delivered at home.
The merger is set to be finalized mid-year, with the terms of the agreement remaining undisclosed. As the demand for home care services continues to rise alongside an aging population, the home care and hospice market is experiencing significant growth. Research suggests that home health volumes are expected to increase by 22% by 2034, highlighting the importance of expanding access to care in the home setting.
Pippa Shulman, chief medical officer and chief strategy officer at Medically Home, emphasized the importance of breaking down barriers to ensure that all patients have access to high-quality medical care in their homes. By merging their expertise and resources, DispatchHealth and Medically Home are poised to reach more families in underserved communities and provide advanced medical care where it is needed most.
In conclusion, the merger between DispatchHealth and Medically Home represents a significant step towards revolutionizing healthcare delivery and making high-acuity care at home a widespread reality. By combining their strengths and resources, the organizations are well-positioned to drive positive outcomes for patients, providers, and health systems alike.
