Signify Health is a leading provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care where and when it’s needed most. Deploying an intelligent technology platform and a nationwide network of physicians and nurses into the home and facility settings, Signify Health closes gaps in care and documentation for high-risk patients, which increases data accuracy and engages health plan members in ongoing care in their place of residence. In recent years, the company has adopted these robust capabilities to begin offering longitudinal complex care management in the place of greatest convenience for patients, most often their home. Signify Health’s field-based, multi-disciplinary complex care team provides ongoing care to address chronic conditions, prevent hospitalizations, and integrate medical, behavioral, and social determinants of health. Based on health plans’ provider network strategy, Signify Health’s clinical resources and technology platform can also be leveraged within the provider network to achieve financial and quality goals per its value-based contracts. Beyond reducing healthcare costs, this unified platform and expanded network helps health plans retain members and improve their quality of life.
New Mountain formed Signify by combining CenseoHealth and Advance Health. New Mountain’s investment in Censeo and Advance came as a result of the firm’s long-standing deep dive effort in technology-enabled payor services, including investments in CIOX, Equian and Convey. New Mountain had been tracking Censeo for several years and reengaged with the company in March 2017. New Mountain also developed a relationship with the founders of Advance over the summer of 2017, with the intent of combining both businesses. Both management teams selected New Mountain as their preferred partner due to its deep payor services sector expertise, and the transactions were consummated on an exclusive basis in December 2017.