Innovive Health is a unique kind of home care company. It specializes in patients with severe behavioral illness with multiple comorbidities. While it is based in Massachusetts and recently branched out to Colorado, the company aims to transform the way the healthcare industry treats such patients in all 50 states, CEO Joe McDonough told McKnight’s Home Care in a recent podcast.
There is a serious care crisis facing the severely mentally ill, Joe McDonough, CEO of Innovive Health explained. These patients may be hospitalized 12 to 15 times in a year, and when they return home, there is not a safety net in place to help them manage their complex medical issues. The nurses of Innovive Health, a home care company, provide these patients with treatment plans, help them manage their medications and serve as case managers to assist them in navigating the healthcare system. McDonough estimates his firm saves the state of Massachusetts six hospitalizations a year per patient, or roughly $200,000 per person.
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