NEW YORK — (December 12, 2023) — Yuvo Health, a leading technology, operational, and administrative solution uniquely designed to give Federally Qualified Health Centers (FQHCs) an advantage in value-based care, and EmblemHealth, one of the nation’s largest nonprofit health insurers, today have announced their partnership. The collaboration optimizes cost- management opportunities and eases the administrative burden by contracting FQHCs at the aggregate level, avoiding the need for individual practice contracting.
"EmblemHealth shares our deep commitment to providing value-based care. Being able to support more FQHCs in a cost- and time-efficient manner through this partnership is especially meaningful," said Cesar Herrera, CEO at Yuvo Health. “Through our partnership, FQHCs will get credit for the value-based care they’ve been providing in their communities for decades and receive support to grow in a sustainable and financially viable way."
“We proudly work to improve health equity — both directly with our members and through their doctors — and partnering with Yuvo Health fosters a value-based healthcare model that ensures every participating health center is delivering compassionate care to their entire community,” said Melissa Vellon, Vice President Provider Performance and Reimbursement Strategy for EmblemHealth. “Our partnership aims to improve care for EmblemHealth members by focusing on their preventive care services and overall wellness, while reducing costs by incentivizing high-quality care and better health outcomes.”
Recently, Yuvo Health announced a $20.2 million Series A round of financing, enabling them to further scale from New York to Ohio, while transitioning to accept full-risk arrangements on behalf of their FQHC and Community Health Care (CHC) partners. In conjunction with their funding news, Yuvo Health added several new FQHCs, doubling their original number announced last year, which provides care to more than 150,000 patients.
About Yuvo Health:
Launched in January 2021, Yuvo Health was founded in New York City by a fully BIPOC team with shared first-hand experiences of the power of quality care, and a common goal to bring fair, quality care to underserved communities. The entire Yuvo Health team is now on a shared mission to ensure every health center can provide compassionate care to their entire community. Yuvo Health is an industry-leading partner to health centers, supporting them every step of the way as they extend their reach, while continuing to deliver the highest quality of care. With Yuvo Health addressing their unique needs, health centers can leverage sustainable payment systems, scalable infrastructure, and partnerships for a meaningful seat at the table within the value-based care ecosystem. Currently, the company serves community health centers and independent physician associations (IPAs) in the Northeast and Midwest, with plans to expand to more markets soon. To learn how Yuvo Health is paving the way to a more sustainable future for community health centers through value-based care for community health centers, read their 2023 Annual Report. Learn more at https://www.yuvohealth.com/.
EmblemHealth is one of the nation’s largest nonprofit health insurers, with 3.2 million members and an 80-year legacy of serving New York’s communities. The company offers a full range of commercial and government-sponsored health plans to employers, individuals, and families, as well as convenient community resources. As a market leader in value-based care, EmblemHealth partners with top doctors and hospitals to deliver quality, affordable care. For more information, visit www.emblemhealth.com.