Partnership with Valtruis, Blue Venture Fund, Mass General
Brigham Ventures, and CareSource, to
provide individualized and appropriately timed supportive care for
patients facing serious illness.
NASHVILLE, Tenn., May 21, 2024
/PRNewswire/ -- Tuesday Health, a pioneer in value-based care
dedicated to transforming serious illness, has launched its
innovative supportive care solution in partnership with Valtruis,
Blue Venture Fund, Mass General Brigham
Ventures, and CareSource. This alliance brings a
$60 million strategic investment to
Tuesday Health, fueling its mission to redefine supportive care for
patients and caregivers facing serious illnesses. "Leveraging
clinical expertise, advanced data solutions, and cutting-edge
technology, while partnering with Ohio's largest Medicaid plan, its largest
hospice provider and the unmatched palliative care experience of
Mass General, Tuesday Health is dedicated to tackling one of
healthcare's biggest challenges-providing support and care in the
right setting, at the right time, for those facing serious
illness", said Jim Wieland, CEO of
Tuesday Health.
Tuesday Health Launches Supportive
Care Solution with $60 Million of
Strategic Investment from Healthcare Leaders
Despite the recognized benefits of supportive care in improving
patient experiences and quality of life, significant barriers
exist. Whether in traditional Medicare, Medicare Advantage or dual
coverage Medicare/Medicaid plans , seniors and their families face
a confusing and uncoordinated set of choices in their final years.
This leads to increased hospitalizations, higher healthcare costs,
and reduced overall efficiency in the healthcare system. The
wonderful, but outdated Medicare Hospice Benefit structure further
exacerbates these challenges, creating obstacles and adverse
incentives for hospice providers striving to deliver optimal
patient care and for insurers trying to provide seniors seamless
coverage. Tuesday Health's mission focuses on providing supportive
care earlier in a patient's journey and getting the right services,
from the best providers, at the right time in an individual's
life.
"We built Tuesday Health to identify and engage patients and
caregivers earlier in the course of disease so that we can take
proactive, clinically proven measures to address their evolving
needs over time, including appropriate transitions to high-quality
hospice care when the time is right," said Dr. Mihir Kamdar, head of care delivery of Tuesday
Health and former section head of palliative care at Mass General
Brigham. "Our experienced team has tremendous expertise when it
comes to meaningful interventions for the seriously ill, and a
deep-rooted belief in the importance of modernizing supportive care
for patients and their caregivers."
Tuesday Health provides compassionate, supportive care that
aligns with patient and caregiver needs from diagnosis to
treatment. Tuesday Health facilitates a seamless transition from
Medicare Advantage, Medicaid, or commercial insurance into
high-quality hospice care when appropriate, offering a coordinated
and integrated experience for patients and caregivers. Tuesday
Health's clinical program, powered by their proprietary technology
platform including its app mytuesday, provides a seamless patient
experience. Through the mytuesday app, patients and caregivers can
self-report symptoms, helping create personalized care plans
delivered through a network of top-tier supportive care providers.
This approach reaches more patients, families, and caregivers
exactly when they need it most. Making the end of life's
journey clearer and more supportive is long overdue -- and Tuesday
Health is being built to drive that positive change.
Valtruis, a leading next-generation healthcare investment firm,
brings extensive expertise in healthcare innovation. "We are
excited to join forces with Tuesday Health as they embark on their
journey to transform supportive care," said Anna Haghgooie, managing director at Valtruis.
"Tuesday Health's commitment to patient-centric care aligns
perfectly with our vision for advancing healthcare."
"We're dedicated to connecting individuals and their caregivers
with timely, valuable resources while reducing health care's
administrative and systematic obstacles," said Joshua Boynton, senior vice president, complex
health solutions of CareSource. "Working with Tuesday Health helps
to ensure that those with serious illness diagnoses seamlessly
receive member-centric, supportive care, so their caregivers can
focus on what matters - the person, not paperwork."
The alliance between Tuesday Health, Valtruis, Blue Venture
Fund, Mass General Brigham Ventures,
and CareSource is fueled by a shared vision to revolutionize
supportive care and improve experiences for patients and
caregivers. "We are starting now in Ohio, and we will expand nationwide rapidly,"
said Wieland. Together, these capable partners aim to address
systemic healthcare challenges and provide individualized,
appropriately timed supportive care to those in need.
To learn more about Tuesday Health, visit
www.TuesdayHealth.com.
About Tuesday Health
Tuesday Health is a
value-based supportive care organization that delivers
patient-directed, whole-person care and support for seriously ill
patients and their caregivers. The company is dedicated to
transforming supportive care through clinical expertise,
industry-leading data, and technology. Launched in 2023, Tuesday
Health was developed from a partnership of Valtruis
and Mass General Brigham Ventures.
Media Contact
Kelli Campbell
Tuesday Health
Communications
kcampbell@tuesdayhealth.com
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SOURCE Tuesday Health