Bayada Home Health Care will form a joint venture with the Jefferson Health Hospital System. The company, known as Jefferson Health at Home, will provide home health care and palliative care to patients in Jefferson, New Jersey and Pennsylvania.
The two organizations will jointly manage the partnership, which will leverage Jefferson’s current home care services with Bayada’s care management and ladder systems. The companies expect the business to be finalized in the spring of 2022.
“The pandemic has increased the demand for home-delivered hospital services,” said Bruce Meyer, MD, president of Jefferson Health. “Now, with Bayada and Jefferson aligned, we are able to leverage their post-acute care best practices over an extended geographic footprint while reducing the total cost of care without compromising access or quality. “
Bayada’s footprint spans 22 states, including 347 locations. The company has an international presence with locations in Canada, Germany, India, Ireland, New Zealand, South Korea and the United Kingdom.
The Jefferson Company builds on the company’s track record of developing partnerships with the healthcare system. The non-profit provider in June entered into a similar joint venture with VCU Health System, serving Richmond, Va., And surrounding communities. This company is called VCU Health at Home.
Earlier this year, the company launched a joint venture with the Baptist Health Hospital System in Florida, known as Baptist Home Health Care by Bayada. In July 2020, Bayada Home Health Care announced a joint venture with Universal Health Services Inc. (NYSE: UHS), one of the largest hospital systems and healthcare providers in the country.
The Jefferson Agreement also includes an academic affiliation which will create new educational opportunities for Jefferson students, especially those at Jefferson College of Nursing. They join a range of palliative care providers who have started collaborating with academic institutions in an effort to repopulate the industry’s workforce amid widespread labor shortages, most notably the LHC Group. (NASDAQ: LHCG) and Highpoint Health, among others.
Providing care at home is a trend that started in earnest long before the pandemic, but the pace has picked up – a boon for patients and providers alike. A side effect of public anxiety about entering hospitals and care facilities is that more care is moving to the home.
The range of health care services available at home is expanding, including new offerings such as home hospitalization and skilled home nursing programs, increasing access to palliative care and increasing availability of care primary at home.
“This partnership is a revolutionary step towards a future where home is the center of health care,” said David Baiada, CEO of Bayada Home Health Care. “Bayada’s management, operational and clinical expertise, coupled with Jefferson Health’s clinical vision and commitment to innovation, will continue to transform healthcare in the Philadelphia area, and we will use this platform- shape to launch bold and innovative digital home healthcare experiences – where people want to be the most.