Intermountain Healthcare recently announced a joint venture with home healthcare company Lifespark to provide seniors with nonclinical support services.
Under the partnership, case managers will provide 24/7 assistance to seniors in their homes for an array of needs, including financial planning and helping patients find their purpose and passion. The case managers are registered nurses and can address clinical concerns.
The system hopes the partnership will reduce unnecessary emergency room and hospital visits by addressing the social aspects of daily life for elderly patients that impact their health and well-being. “It’s designed to keep patients living a full, healthy life while reducing unnecessary costs,” said Nikolas Mark, venture director at Intermountain.
Intermountain expects to see an influx of elderly patients in the next 25 years. The Lifespark partnership offers a way for the system to meet the rising demand, according to the news release.
This interview with Lifespark CEO, Joel Theisen, BSN, RN, is part of a McGuireWoods series featuring interviews with C-suite leadership of private equity-backed portfolio companies. Joel talks with the editor covering a few key areas about Lifespark including what it means to live a sparked life, how does his nursing background inform his business decisions, growth strategy, working […]
Lifespark Chief Medical Officer, Nick Schneeman, shared his thoughts on this topic in a recent article published in Time Magazine. He offered up tips on how to trim your medication list for seniors and their families. The cascade of drugs is responsible for a vast but underpublicized American tragedy. Medication overload will contribute to the […]
Four Key Questions When Private Equity Comes Calling
January 4, 2024Meaghan Puglisi
Private Equity (PE) investment can be key to gaining the capital and expertise you need to grow, but it also comes with strings attached. In an article published in Chief Executive magazine, Joel Theisen, Lifespark CEO, shares four key questions he’s learned to ask about working with PE. Joel writes, as the CEO of a […]