AbsoluteCare, a leader in value-based healthcare, has secured $135 million from investors, including Kinderhook Industries, CVS Health Ventures, Pacific Life, and Lexington Partners, to expand and improve its operations.
The company’s Beyond Medicine model aims to enhance health outcomes for complex Medicaid and Medicare members through a holistic approach that incorporates social determinants, behavioral health, primary and urgent care, and pharmacy services.
With 25 years of experience, AbsoluteCare focuses on reducing avoidable hospital visits and costs, achieving a 34% drop in ED visits, 20-30% lower total costs, and 75-80% member engagement, serving those with multiple diagnoses, medications, and behavioral health needs. The organization operates in urban community care centers, hospitals, and homes.
KEY QUOTES:
“AbsoluteCare is setting a new standard for value-based care, delivering comprehensive health care to high-acuity Medicaid and Medicare members. We are thrilled with the company’s success and recent expansion, and we look forward to supporting AbsoluteCare as it continues to scale its proven care model and improve patient lives across the country.”
Chris Michalik, Managing Director at Kinderhook
“AbsoluteCare is delivering a unique, concierge-level of care to individuals who need it most, within their own community. Supporting the enhancement and expansion of this innovative care model aligns with our commitment to improve health outcomes for vulnerable populations.”
Vijay Patel, Vice President and Managing Partner at CVS Health Ventures
“This investment reflects deep confidence in AbsoluteCare’s concierge, PCP-led care model and strengthens our ability to deliver outstanding health outcomes for our members and payer partners. Due to its complexity, value-based care in Medicaid is rare at scale, but we are unwavering in our commitment to expanding our reach and deepening our presence in new communities. Our partners are seeing the results of that dedication with enhanced quality and demonstrated cost savings.”
Mike Radu, CEO of AbsoluteCare
