Baxter, Cardinal Health Join Mayo, Kaiser With $110 Million Stake In ‘Hospital Care At Home’ Venture

Baxter International, Cardinal Health and Global Medical Response will lead a $ 110 million investment in technology company Medical Home, a new healthcare delivery model that will provide patients’ homes with “advanced care” commonly available in hospitals. We are promoting.

Baxter, a leading manufacturer of medical and pharmaceutical delivery devices, Cardinal, a global distributor of healthcare products, and Global Medical, a provider of mobile healthcare, are the latest companies to invest in medical homes. The three will join the Mayo Clinic and Kaiser Permanente on the Medical Home Board of Directors. Kaiser Permanente has invested in this round, previously investing $ 100 million in medical homes.

The investment supports the growing need for “a continuous shift to home care as the pressure on flexible hospital capacity, evolving patient preferences, and hospital capacity increases,” especially during the Covid-19 pandemic. Useful for. ..

While Boston-based Medical Home offers “technology infrastructure,” Mayo and Kaiser, who also invested a private share of the latest investment, are already providing medical care or treating “sensitive patients.” Instructing people to provide.

Investment will be made as healthcare providers use the latest technology to focus on patients and escalate their efforts to ensure that they are delivered in the right place, at the right time, and in the right amount. .. These approaches, which bring the care normally available in hospital settings to provide more medical care to the patient’s home, provide new safe and effective ways for patients to receive home care in cases of viral pandemics. Because I was looking for it, it made a lot of sense during the Covid-19 pandemic. Pandemic.

“The addition of these strategic domestic partners will strongly enhance the logistics capabilities that healthcare system providers need to safely and reliably care for their patients at home,” said Rami Karjian, Chief Executive Officer of Medical Home. Says. “Accelerating the decentralization of sensitive care from hospitals and other facilities to the ever-increasing number of patient homes enabled by Medical Home is a healthcare partner working with patients and caring clinicians. Examining the importance of our ecosystem. They all over the country. “

The addition of global healthcare giants like Baxter and Cardinal Health is a new wrinkle to the investor lineup that Medical Home has attracted over the last two years.

Baxter Executive Vice President and Chief Operating Officer Giuseppe Akogri said the company’s investment will help advance its efforts to “transform health care by accelerating access to hospital-level care at home.” Told.

“The Covid-19 pandemic has enhanced the value of helping clinicians provide the best possible care for home-based patients. Medically Home, while driving innovation in digital health and monitoring technologies and solutions. We are pleased to be able to help you expand your unique care model, “Accogli said. ..