WellBe Senior Medical Secures Investment From CVS Health Ventures To Accelerate Nationwide Expansion

CVS Health Ventures, the corporate venture capital arm of CVS Health, invested in WellBe Senior Medical, which provides home-based medical care for Medicare Advantage members. The amount of the investment was not disclosed. WellBe plans to use the investment to fund national expansion of its value-based home care model.

WellBe currently has operations in seven states, and serves more than 107,000 Medicare Advantage members. The company partners with Medicare Advantage health plans via global capitated risk arrangements to manage the 10% to 15% of members with very high and rising medical loss ratios. By delivering proactive medical . . .