Elevance Health debuts Mosaic Health primary care platform
Platform will innovate on existing risk-based care delivery models and improve care access, exec says.
Photo: SDI Productions/Getty Images
Elevance Health, in conjunction with global private equity manager Clayton, Dubilier and Rice, has introduced national care-delivery platform Mosaic Health, which aims to bring together apree health and Millennium Physician Group to offer clinical and digital capabilities to patients across the U.S.
CD&R Operating Partner Clay Richards, who will serve as Mosaic Health's executive chairman, said the new platform will innovate on existing risk-based care delivery models, and will increase access to quality, affordable care.
"I am excited to work closely with its operating companies and Elevance Health to foster collaboration and help Mosaic Health's operating companies better serve our providers and deliver exceptional care and services to more patients and communities," said Richards.
WHAT'S THE IMPACT?
Elevance and CD&R agreed to form their strategic partnership back in April, when they described the partnership's advanced primary care models as taking a whole health approach to address the physical, social and behavioral factors that influence a person's health.
The goal of the new offering, they said, will be stronger patient-provider relationships supported by data-driven insights, care coordination and referral management, and integrated health coaching.
The goal of Mosaic Health is to enable the exchange of resources and knowledge across the companies that comprise the platform, with an eye toward achieving a whole health approach to patient care.
The combination of these operating companies is expected to allow Mosaic to deploy a community-based care model highlighted by digital patient engagement, care coordination and navigation capabilities.
The operating companies will become business units of the unified Mosaic Health care delivery platform, and will retain distinct brands, practice operations, and clinical and office locations.
Mosaic Health was formed as a result of the previously announced strategic partnership between Elevance Health and CD&R. Mosaic Health plans to add the Advanced Primary Care solution of Elevance's Carelon Health to its platform, subject to receipt of regulatory approvals.
THE LARGER TREND
Elevance Health's profits in the second quarter were 24% higher than in Q2 2023, as the health insurer logged $2.3 billion in profit and $43.9 billion in revenue – the latter an improvement, but just 1% higher than the second quarter of last year.
Elevance Health entered into an agreement in January to acquire Paragon Healthcare for an undisclosed amount. Paragon, which has been operating for more than 20 years, provides infusion services to patients through its omnichannel model of ambulatory infusion centers, home infusion pharmacies and other specialty pharmacy services. The company, headquartered in Plano, Texas, provides care to patients with a broad range of chronic and acute conditions.
Pete Haytaian, executive vice president of Elevance Health and president of subsidiary Carelon, said the acquisition of Paragon will deepen the organization's capabilities around providing affordable and convenient access to specialty medications and other services for members living with chronic and complex illnesses.
Elevance took a step into the specialty pharmacy space early last year when it finalized its acquisition of BioPlus, which provides a range of specialty pharmacy services for patients living with complex and chronic conditions, such as cancer, multiple sclerosis, hepatitis C, autoimmune diseases and conditions in rheumatology.
Elevance anticipated the acquisition would help it meet the specialty drug needs of clients and customers with a more whole health-focused approach.
Jeff Lagasse is editor of Healthcare Finance News.
Email: jlagasse@himss.org
Healthcare Finance News is a HIMSS Media publication.
