For Immediate Release
Lauren Tarrant, RN
Well Beyond Care, Inc.
Well Beyond Care selected as HFMA Innovation Hub Finalist
Well Beyond Care has been chosen to present at Health Financial Management Association’s Annual Event as part of the Innovation Hub Pitch Event
Austin, TX, Jun 12, 2018 – Well Beyond Care has been selected by the Healthcare Financial Management Association (hfma.org) as one of the top 12 startups that can most influence the healthcare industry out a pool of over 100 candidate companies that submitted their ideas to a nationwide contest. As a finalist, the Company has been invited to attend the annual HFMA meeting (annual.hfma.org) as a spotlight company in this year’s Innovation Hub and take part in the Virtual Pitch Competition. The annual meeting is taking place in Las Vegas, Nevada, from June 24th through June 27th. Well Beyond Care was selected due in part to the way the Company can impact 4 out of the 8 most critical content areas (see graphic below) outline in this year’s mission, including Reducing Total Cost of Care, Creating a Consumer Centric Healthcare Delivery System, improvement to Payment Trends and Models, and leveraging and capturing Trends and Innovation.
Part of the criteria of being selected was how well a company would affect at least one of the following outcomes.
- Reducing Cost of Care Delivery: Product, service or technology that quantifiably reduces the cost of care delivery through its implementation or utilization.
- Enhancing the Healthcare Consumer Experience: Product, service, or technology focused on specifically improving the healthcare consumer experience in facets such as patient satisfaction, care coordination, price transparency, communication, etc.
- Improving Population Health Management through Analytics: Product, service or technology providing analytics that lead to better health and outcomes of patients. Areas and products in the realm of wearables, mobile or telehealth, monitoring, or other digital tools.
As the Company’s CEO, Jeffrey Fry goes on to say, “Part of what makes this a great selection for our company, is being recognized for how we can save families and hospital systems money by reducing readmissions, how we combine high tech with high touch using our nurse navigators, and ultimately we will allow people to age safely in their homes and prevent a large number of emergent events. It is always nice to be recognized for your efforts, but more so by the individuals who are responsible for cost containment while maintaining quality control.”
Presently, Well Beyond Care is operating in 44 States and territories and has clients in over 350 cities. The company did its “hard-launch” in the first quarter of 2018 and is looking to hire upwards of 500 nurses this year as it continues to expand its footprint across the United Stares. The company is also starting to partner with not-for-profit and public hospitals in order to reduce readmissions and improve outcomes.
With more than 38,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.
About Well Beyond Care
Well Beyond Care is the only company that teaches families and individuals how to find and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover through the web application, WellBeyondCare.com. The Company’s platform combines the power of the internet with the personal touch of nurses to offer families a pathway to transitional care, allowing our elderly parents to safely age-in-place. Their solution lowers stress in hiring a caregiver and saves families tens of thousands of dollars per year in care costs.