A collection of healthcare companies joined forces in May to form a unique value-based senior care and payment model that aims to drive down costs, improve health outcomes and ultimately, keep patients out of the hospital.
Curana Health was born from the combination of Elite Patient Care, Provider Health Services, and AllyAlign Health. Today, the company's structure consists of a medical group (Curana Health Medical Group), a Medicare Advantage plan administrator (AllyAlign Health) and an accountable care organization (Curana Health ACO).
"Our mission is to improve the health, happiness and dignity of senior living residents," CEO Mark Price told Becker's. "And the way we're doing that is by driving value-based care within senior living and skilled nursing all around the country."
12 things to know about Curana Health:
- Curana is based in Austin, Texas and now operates in 26 states with more than 1,000 senior living community partners.
- Curana is led by CEO Mark Price, who was previously the Nevada market president at Salt Lake City-based Intermountain Healthcare.
- Curana operates in skilled nursing, assisted living, memory care and life plan communities, or where people need daily support now or in the near future.
- The company provides primary and post-acute care to 100,000 patients annually across all divisions.
- Curana Health Medical Group includes over 500 primary care and post-acute providers.
- Ninety-nine percent of patients are Medicare eligible and 85 percent are dual eligible for Medicare and Medicaid.
- Curana's Medicare Advantage plans cover 10,000 lives. Its largest plan has received a five-star rating from CMS. "For a new plan to get a five star rating — and we looked around the country — that's incredibly rare," Mr. Price said.
- The other 90,000 patients are covered through a medical group or through Curana's ACO.
- More than 40 percent of the company's patients have dementia or a cognitive impairment.
- The company has recorded a 37 percent reduction in hospital admissions among patients.
- Among Medicare Advantage members, satisfaction with clinical services is 97 percent.
- In July, Curana partnered with healthcare technology firm Innovaccer to offer its value-based care model to other organizations looking to implement similar. "Everything we're building will work great for our medical group. But we're also building it so that it'll work great for outside groups as well, Mr. Price said. "They get access to the same analytics platforms, care management platforms and point of care tools.