Value-based care
The company also added two new members to its board of directors and a new senior vice president for Medicare Advantage.
HIMSS23
"Outcomes matter," says Kristopher Volrath, as he and fellow Inovalon SVP Karly Rowe discuss the new world of healthcare: making sure patients are kept healthy.
The company also released its Q1 2023 earnings, showing increased revenue of $311.1 million with a net loss of $63.2 million.
Homeward's Amar Kendale, former chief product officer at Livongo and Teladoc, discusses how the industry must combine technology and new care models to improve access and make value-based payment successful.
The company will use the funds to continue its growth in the U.S.
The acquisition expands the senior-focused company's offerings to include a workflow management program and value-based care reimbursement assistance.
With focus on improving the output of care and quality, the nation steers toward value-based healthcare, says Dr. Ahmed Balkhair, advisor for digital transformation at the Saudi Ministry of Health.
The organizations said Medicare Advantage members in 24 counties will have access to the rural provider's services.
The latest funding builds off a Series B announced in April.
The company also announced it added over 450 primary care practices to its nationwide network for 2023.