Press Releases

Contessa Health Closes $7 Million Series B Financing

NASHVILLE, Tenn.–(BUSINESS WIRE)–October 13, 2016– Contessa Health, Inc., a leader in episodic risk arrangements and home hospitalization programs, raised $7 million in funding led by Noro-Moseley Partners, with participation from existing investors BlueCross BlueShield Venture Partners, Martin Ventures and Sandbox Advantage Fund, as well as new investors, Nashville Capital Network and the Marshfield Clinic Health System. The proceeds of the financing will enable Contessa Health to further scale operations as it expands into new markets. “The healthcare system is rapidly shifting from traditional fee-for-service to alternative payment models such as bundles,” said Spence McClelland, partner at Noro-Moseley. “Contessa’s home hospitalization…

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Marshfield, Contessa Health in Wisconsin form partnership on bundled payments for home care

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Home hospitalization program will allow members of the Security Health Plan, which Marshfield Health owns, receive hospital caliber care at home. http://www.healthcarefinancenews.com/news/marshfield-contessa-health-wisconsin-form-partnership-bundled-payments-home-care Marshfield Clinic Health System and Contessa Health have formed a new partnership to operate a home hospitalization program in Wisconsin. The program, run by Contessa Health, will allow members of the Security Health Plan to receive hospital-level care in their homes at a prospective bundled rate, according to a statement. Care includes medical visits, lab testing and medical equipment at a prospective bundled rate for a 30-day period. Marshfield, which has more than 50 clinic locations in the…

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Marshfield Clinic Health System, Contessa Health create Partnership to operate a Home Hospitalization Program

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http://www.businesswire.com/news/home/20160721006104/en/Marshfield-Clinic-Health-System-Contessa-Health-create MARSHFIELD, Wis.–(BUSINESS WIRE)–Marshfield Clinic Health System (MCHS) and Contessa Health today announce a new partnership to operate a Home Hospitalization Program for members of Security Health Plan. The Home Hospitalization Program powered by Contessa Health will allow patients to receive hospital-level care in the comfort of their homes at a prospective bundled rate. Under guidance of Contessa Health’s clinical and administrative protocols, Marshfield Clinic physicians will be able to provide Security Health Plan members with in-home care for acute medical conditions, including: Congestive Heart Failure (CHF) Chronic Obstructive Pulmonary Disease (COPD) Deep Vein Thrombosis (DVT)/Pulmonary Embolism (PE) Urinary Tract…

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Contessa Health Raises $3.5 Million in Financing from BlueCross BlueShield Venture Partners, Sandbox Advantage Fund and Martin Ventures

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http://www.streetinsider.com/Press+Releases/Contessa+Health+Raises+$3.5+Million+in+Financing+from+BlueCross+BlueShield+Venture+Partners+Sandbox+Advantage+Fund+and+Martin+Ventures/11120766.html NASHVILLE, Tenn.–(BUSINESS WIRE)– Contessa Health, Inc., today announced it has secured $3.5 Million in Series A Financing from BlueCross BlueShield Venture Partners, Sandbox Advantage Fund and Martin Ventures. Contessa Health creates and manages home hospitalization programs, a new form of value-based care, that optimizes the initial site of care delivery and provides in-patient level acute care in a home environment. The clinical model is supported by Contessa Health’s administrative services and proprietary technology platform, ContradoClaim™, to successfully operate the programs in a prospective bundled payment arrangement. “Contessa Health’s clinical model truly places the patient at the center of the…

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