AHCO - Humana in pact with AdaptHealth Rotech for DME services
2023-05-11 12:27:17 ET
Health insurer Humana ( NYSE: HUM ) announced Thursday that AdaptHealth Corp. ( AHCO ) and Rotech Healthcare Inc. partnered with the company to provide Durable Medical Equipment (DME) services.
According to the company, the agreement covers Humana’s ( HUM ) Medicare Advantage members with Health Maintenance Organization Plans (HMOs) under a value-based structure from July.
The deal is not applicable for Medicare Advantage members with PPO or private fee-for-service plans or those served by the company’s Medicaid, Commercial, or TRICARE lines of businesses.
“Partnering with national DME partners under a value-based arrangement aligns with our goal to enhance access to the home care services we provide to patients across the country,” Kirk Allen, Humana’s ( HUM ) senior vice president of Home Solutions, said.
The deal reflects the company’s plans to expand its value-based care arrangements under home care services to 40% of its Medicare Advantage members by 2025. Financial details of the agreement were not disclosed.
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Humana in pact with AdaptHealth, Rotech for DME services