CEO: New Day Healthcare finds success with embrace of value-based care

The latest example of New Day’s innovative care delivery models is integrating a long-term therapy virtual staffing partner into its Texas Medicare Advantage (MA) business. New Day now is hoping to expand this model to other regions. This development, which entailed integrating an episodic care agency into a nonepisodic business, is an extension of the company’s “burning the ships" mantra, which means rethinking business in the wake of MA’s penetration, Herman said. Kaltroco North America, a private equity company that owns New Day, has helped the home care firm succeed with its belief in “doing well by doing good,” Herman said. And thanks to its diversified service lines, New Day has been able to weather continued home health Medicare payment cuts, as well as the 80/20 Medicaid rule. The company is building out its proprietary Carelytics software that allows it to handle chronically ill patients with a longitudinal care approach, predict when they are about to have problems, and intervene.Follow us on social media:X (formerly Twitter): @McKHomeCareFacebook: McKnight's Home CareLinkedIn: McKnight's Home CareInstagram: mcknights_homecareFollow New Day Healthcare on social media:X (formerly Twitter): @newdayhcFacebook: New Day HealthcareInstagram: newdayhcShow contributors:McKnight’s Home Care Editor Liza Berger; G. Scott Herman, CEO and Founder, New Day Healthcare Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.