Humana buys another home care provider

LOUISVILLE, Ky. – Humana has signed a definitive agreement to acquire onehome, a provider of a variety of home-based services, from WayPoint Capital Partners. 

onehome has been operating a value-based model in Florida and Texas, and has served Humana members since 2015. 

“At Humana, we are implementing a strategy to build a new value-based home health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for health plan partners,” said Susan Diamond, segment president for Humana’s Home Business and the company’s interest CFO. “The acquisition of onehome is a key component of that strategy.” 

News of the deal follows Humana’s announcement to fully acquire and integrate Kindred at Home, a home care provider with more than 775 locations across 40 states. 

The addition of onehome will enable Humana to more effectively deliver value-based home health at a national scale by providing a number of key capabilities, including: 

onehome has significant experience with risk-based contracting and has fully capitated models in place in Florida and Texas that will provide valuable insights for the expansion of similar contracting in other states. 

onehome has developed fully dedicated network management and utilization management systems that can create greater efficiencies for the administration of in-home patient visits. 

onehome owns and manages home-based DME and infusion services for members in its core geographies that can be expanded to other markets and deliver more simplified coordination of these services for patients and providers. 

onehome’s ownership of DME services can deliver greater value and better outcomes through reduced waste and more consistent equipment utilization by members. 

“Since first launching onehome in 2013, we have had a front row seat at the care-in-the-home revolution that is driven by our society’s desire to positively impact clinical outcomes, affordability and patient experience," said Ramon Falero, CEO and co-founder of onehome. "We built the onehome model with a focus on integrating all key home-based patient care delivery needs with risk-taking capabilities and robust technology. We have had the privilege of serving millions of patients with this model – the need for which has only increased during the COVID-19 pandemic.”  

Financial terms of the deal, which is expected to close in the second quarter of 2021, were not disclosed.