myLaurel

myLaurel is a technology-enabled medical group that provides acute and transitional care in the home, addressing the inefficiencies and over-reliance on hospitalizations for frail, elderly, and medically complex patients. The company was founded in 2016, previously operating under the name Ready Responders. The inspiration for the company came from CEO Juan Vallarino's personal experience with his father, who endured numerous stressful and often unnecessary emergency department visits in his final year. This experience highlighted the need for a care model that could manage complex patients safely and effectively outside of hospital walls.

The company's business model centers on forging partnerships with health systems, risk-bearing organizations, health plans, and Programs of All-Inclusive Care for the Elderly (PACE). It operates on a value-based payment structure, typically receiving a bundled payment for a 7 to 30-day in-home care episode. Demonstrating a commitment to outcomes, myLaurel puts its fees at risk, meaning it does not receive compensation if a patient is hospitalized for the same or a related condition during the service period. This model is designed to create significant cost savings for partners by reducing hospital length of stay, avoiding readmissions, and improving patient throughput, which frees up hospital beds.

myLaurel delivers its services through a comprehensive, tech-enabled approach. Its core offerings include Rapid Advanced Care™, Acute Care at Home™, and Recovery at Home™. A multidisciplinary team, including in-home paramedics, clinicians, nurse practitioners, and RN care managers, provides hands-on care. This team is guided by remote telehealth physicians who use technology, including Bluetooth devices that transmit patient vitals, to oversee treatment. This integrated system allows myLaurel to offer services traditionally confined to a clinical setting directly in a patient's home, aiming for a 90-minute response time. The company has demonstrated quantifiable results, including a 33% reduction in ED utilization and a 49% decrease in readmissions for its partners. Following a recent $12 million funding round led by Deerfield Management and GV, myLaurel is focused on expanding its partnerships and scaling its services in existing markets like New York and Louisiana, as well as entering new ones. Keywords: acute care at home, transitional care, home healthcare, hospital at home, value-based care, complex patient care, geriatric care, in-home medical services, telehealth, mobile medical group, hospital admission avoidance, readmission reduction, healthcare cost savings, post-discharge care, Ochsner Health partnership, ACO REACH, PACE programs, care coordination, remote patient monitoring, mobile paramedics