Two in every five patients referred to home health care in America never get the care they need.
Not because clinicians aren't available. Not because the patient doesn't qualify. They get turned away because the paperwork costs more than the visit pays. Roughly $40B in referrals get rejected this way every year.
So the agency says no, and the patient ends up in a nursing facility or gets sicker at home until the ER takes over.
We led
@joinadaptive's Series A because they stopped trying to sell better software to broken agencies and became the provider instead. AI runs the intake, scheduling, prior authorization, documentation, and billing that traditional agencies burn $.60 to $.90 of every clinical-labor dollar on. When those costs collapse, the patients who would have been rejected instead get the care that they deserve.
So far in Adaptive's first market: Patients served by Adaptive have a 4.9% rehospitalization rate compared to the 12.9% Texas state average and 10.2% national average. More than 95% of patients see improvement in ambulation, meaning they are back on their feet, no longer homebound, compared to an 89.5% national average. Patients are set up with a home care provider extremely quickly, with 99% of patients admitted within 48 hours of referral. They have a 4.5-star CMS quality rating against an industry average of around 3.
Hear from co-founders
@AlexRWendland and
@ryanatolsma on the future they're building with Adaptive. đ
cc:
@pxd @EricFlaningam