“Social determinants of health” is healthcare’s latest Phrase of the Year. It made its mark at the January 2019 J.P. Morgan Healthcare Conference in San Francisco and has now turned up in a deal announcement. It’s only the first of many, we’re sure.
March 15 marked Signify Health‘s first acquisition since New Mountain Capital stepped in. The of TAVHealth, based in San Antonio, Texas. The price was not disclosed, although CNBC reported the deal “was in the high double-digit millions.” Signify has a multi-billion dollar valuation, according to the company.
The target was TAVHealth, a San Antonio, Texas-based startup that uses social determinants of health (aka SDOH) to improve health outcomes and quality of care. Its cloud-based TAVConnect platform offers tools to curated networks of community and healthcare partners to collaborate and coordinate social services.
Signify Health provides health risk evaluations, complex care management, outcomes-based pharma services, and specialized medical services to the home health care industry. It manages a network of 4,000 doctors and nurse practitioners delivering healthcare services in the home to more than 1 million unique Medicare Advantage members annually.
While in the home, Signify clinicians frequently identify SDOH needs, ranging from food insecurity, transportation problems and other factors. They capture those issues in Signify’s technology platform, which triggers case management referrals.
The TAVHealth acquisition adds a network of community-based organizations and the technology capabilities for Signify to directly manage the SDOH needs on behalf of its clients. Those include helping to identify SDOH needs, enrollment into SDOH programs, and coordination of services to better manage and improve health outcomes.
