Vericare Management

Vericare Management, established in 1991 and formerly known as Senior Psychology Services, operates as a provider of geriatric behavioral healthcare services. The company was acquired by MedOptions in May 2016, a move that created a national provider of outsourced behavioral health services for long-term care facilities. Before the acquisition, Vericare was a private, PE-backed company with investors including Velocity Financial Group, Acacia Venture Partners, and Salix Ventures.

The firm's business model is centered on partnering with skilled nursing, long-term care, and assisted living facilities to deliver integrated behavioral health services to a primarily geriatric population. Vericare provides a comprehensive suite of services, including neuropsychological assessment, individual psychotherapy, psychotropic medication management, behavior management, and rehabilitation support. These services are delivered through an interdisciplinary team of clinicians, which includes psychiatrists, clinical psychologists, specialized nurse practitioners, and clinical social workers, to care for patients with a range of mental health needs, including those with cognitive or memory impairment.

The company's clients are residential and long-term care facilities across several states, including California, Texas, Florida, and Pennsylvania. By embedding its clinical teams within these facilities, Vericare aims to provide coordinated, high-quality care, reduce hospital readmissions, and improve the overall quality of life for elderly patients. The acquisition by MedOptions was intended to leverage the similar care models of both companies to create a combined entity serving over 1,500 facilities.

Keywords: geriatric behavioral health, long-term care, mental health services, skilled nursing facilities, medication management, psychotherapy, neuropsychological assessment, elder care, assisted living, integrated healthcare