Contessa – the higher-acuity care supplier and subsidiary of Amedisys Inc. (Nasdaq: AMED) – has prolonged its partnership with Mount Sinai Well being System.
Below the extension, Mount Sinai South Nassau’s house well being company will now develop into part of the 2 organizations’ current three way partnership. The JV now contains house well being, hospital-at-home, SNF-level care at house and palliative care.
What has now been created is the house well being company “Mount Sinai at Dwelling,” a home-based care company with capabilities throughout the continuum of care.
“This new initiative accelerates our strategic objective of delivering a continuum of home-based care to extra Mount Sinai sufferers,” Contessa COO Aaron Stein stated in an announcement. “Mount Sinai at Dwelling gives a robust providing to sufferers, suppliers and well being plans. Collectively, we’re actually altering healthcare by rendering care the place sufferers need it probably the most, their properties.”
The New York-based Mount Sinai Well being System has a community of 43,000 workers, 400 outpatient practices and practically 300 labs. By way of extending into home-based care, it has traditionally been an innovator. Contessa and Mount Sinai partnered to launch palliative care providers final February.
On its finish, the Nashville-based Contessa companions with 12 well being programs and 30 well being plans, serving sufferers in 9 complete states. Amedisys – one of many largest house well being suppliers within the nation – acquired Contessa in June of 2021.
Contessa and Mount Sinai initially partnered on hospital-at-home initiatives in 2017. Mount Sinai at Dwelling – previously Mount Sinai’s South Nassau house well being company – treats 3,000 sufferers per yr.
“Mount Sinai at Dwelling will enable South Nassau to broaden our providers to sufferers within the rising areas like hospital at house, house care and residential infusion remedy,” Dr. Adhi Sharma, the president of Mount Sinai South Nassau, stated in an announcement. “We now have an extended custom of bringing prime quality affected person care on to the house the place it may be delivered in additional comfy and acquainted environment, usually at decreased value. More and more, that is what sufferers need and we’re happy to be on the reducing fringe of that pattern.”
These sorts of partnerships are what Amedisys has just lately been touting about Contessa.
The acquisition was at all times going to be a near-term drag on financials for Amedisys, however these types of offers are reworking what Contessa can do for the corporate proper now, a lot to the delight of Amedisys leaders.
“What we’ve seen occur now could be … some tremendous giant city cities have these giant well being programs that wish to present the total continuum of care, and so they wish to leverage capabilities from hospital at house to end-of-life care within the house,” Amedisys CEO Chris Gerard stated in June.