Empassion Health and Theoria Medical Establish Strategic Collaboration

4 January 2024

Empassion Health and Theoria Medical have recently announced a strategic partnership aimed at enhancing patient care on a national scale. This collaboration is designed to broaden services, reduce out-of-pocket expenses, and extend the impact of Theoria and Empassion Health's care model.

Theoria Medical specializes in post-acute and long-term care, offering a technology-driven primary care model that includes various services like multispecialty care, telemedicine, remote patient monitoring, and chronic care management. Empassion Health, as a managed services organization, utilizes innovative technology to identify high-needs patients, provide education on advance care planning, and manage logistics through the ACO REACH program.

This partnership signifies a shift for Theoria, transitioning from a fee-for-service to a value-based care (VBC) model, particularly with the High Needs ACO REACH program. This transition allows Theoria to focus on delivering high-quality care while simultaneously lowering healthcare costs.

Patient advantages include reduced out-of-pocket expenses for primary care services and the provision of additional care and support services not typically covered by Medicare, such as complimentary meal delivery, extra visits, and social work support. Empassion Health expresses enthusiasm for supporting Theoria Medical in its mission to transform healthcare delivery, acknowledging Theoria's commitment to quality providers, an effective care model, and technological innovation as key elements in their successful transition to value-based care.

Source: prnewswire.com