Who owns Landmark Health?
The Huntington Beach, California-based Landmark is a comprehensive, in-home medical care company focused on the sickest and frailest populations. Overall, Landmark’s physician-led teams currently care for tens of thousands of patients in 17 states, working alongside individuals’ existing healthcare providers. Who owns Landmark Health? Founded in 2014, Landmark is also one of 51 entities that…
The Huntington Beach, California-based Landmark is a comprehensive, in-home medical care company focused on the sickest and frailest populations. Overall, Landmark’s physician-led teams currently care for tens of thousands of patients in 17 states, working alongside individuals’ existing healthcare providers.
Who owns Landmark Health?
Founded in 2014, Landmark is also one of 51 entities that have signed up for the new “global” and “professional” direct-contracting models from the U.S. Centers for Medicare & Medicaid Services (CMS).
Optum, a part of UnitedHealth Group, acquired the value-based home care provider Landmark Health for $3.5 billion just a year before announcing its intent to purchase LHC Group. The LHC Group deal is pending customary regulatory approvals.
The Lafayette, Louisiana-based home health and hospice provider operates 964 locations in 37 states and the District of Columbia. It earned nearly $2.22 billion in 2021 revenue, up more than 7% from $2.06 billion the prior year.
Home health providers have several entry points to value-based programs, Medicare Advantage perhaps chief among them. But when it comes to reimbursement, hospice has been on an island, with payment coming almost exclusively from its dedicated Medicare benefit.
