Kaiser Permanente and Town Hall Ventures launch Habitat Health
Habitat Health will help older adults with low incomes continue to live independently by providing comprehensive medical care and insurance through PACE.
Habitat Health plans to begin serving older adults in
"Our dedication to helping improve the health of our communities and members includes ensuring that people covered by Medicaid and Medicare can count on receiving the care and coordination that Kaiser Permanente delivers to our members," said
Eligible participants who join Habitat Health will be older adults with high-needs, most of whom dually qualify for Medicare and Medicaid. The company's partnership with Kaiser Permanente will serve as a model for future partnerships with other providers in their local markets across the country. Habitat Health's goal is to become a leading national provider rooted in local partnerships, ensuring delivery of high-quality care to PACE participants.
"This new partnership intends to improve the care and quality of life for the growing number of Americans who need it most," said
Habitat Health will benefit from Kaiser Permanente's expertise in creating efficient systems and developing innovative technology to integrate complex care, and from Town Hall Ventures' experience building successful care delivery companies that support underserved communities. Habitat Health will serve as payer for all participants' Medicare and Medicaid services, as defined by the Centers for Medicare & Medicaid Services. PACE, a program with roots in the 1970s, has developed a track record for delivering superior outcomes to participants in quality, longevity, cost, and patient experience as compared to nursing homes.
"We have an extraordinary challenge in this country. The number of people age 85 and older in our country will double by 2040. We need a better answer for the millions of older adults that is more humane, compassionate, scalable, and affordable for the nation," said
About Town Hall Ventures
Founded in 2018, Town Hall Ventures has invested in or participated in the build of 35 companies that improve how care is provided to underserved and under-represented communities. Select portfolio companies include Cityblock Health, Curana Health, Equality Health, Landmark Health, Signify Health, Suvida Health, Strive Health, Thyme Care, Unite Us, and VillageMD. Learn more at www.townhallventures.com.
About Habitat Health
Habitat Health was founded in 2023 to deliver fully integrated health and social care to older adults on Medicare or Medicaid who wish to remain living independently in their homes and communities. The company operates its model through the Program of All-Inclusive Care for the Elderly ("PACE") in collaboration with local community partners. The company is supported by Kaiser Permanente, Town Hall Ventures, and New Enterprise Associates. For more information, go to www.habitathealth.com.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 12.5 million members in 8 states and the
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SOURCE Kaiser Permanente
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