$2 Million Loan to Support Further Direct Primary Care Expansion in New Jersey
ELKINS PARK, PA – (June 22, 2017) R-Health, a leader in innovative primary care solutions, today announced the company has closed on a $2 million loan from Reinvestment Fund. The funding will support R-Health’s continued expansion of Direct Primary Care practices throughout the State of New Jersey.
R-Health’s expansion in New Jersey is focused on the State’s program to provide a no cost membership to an R-Health Direct Primary Care practice to public sector employees and their family members enrolled in the New Jersey State Health Benefits Program (SHBP) or School Employees’ Health Benefits Program (SEHBP). R-Health currently has four practices in Ewing, Haddonfield, Moorestown, and Washington Crossing, providing exceptional relationship-based primary care to members of the SHBP and SEHBP.
The goal of the New Jersey Direct Primary Care program is to transform primary care from the legacy model that is episodic, transactional, and focused on treating illnesses and maximizing billing volume, to a refreshing new model that is continuous, relationship-based, and focused on helping patients achieve optimum health. Reinvestment Fund’s loan will support R-Health’s launch of multiple new locations across New Jersey including Cherry Hill, Hamilton, New Brunswick, and Voorhees, among others.
“We are thrilled to announce the support of Reinvestment Fund in R-Health’s continued growth and our goal to improve access to high-quality primary care for public sector workers across New Jersey,” said Mason Reiner, R-Health CEO. “It is critical to have the support of a renowned mission-driven lender that understands the positive social impact that can be achieved with better access to superior primary care.”
“R-Health has the opportunity to demonstrate how improved access and availability to personalized primary care can improve health outcomes and reduce costs for public sector workers and tax payers in New Jersey,” said Bridget Wiedeman, Senior Director for Health Services at Reinvestment Fund. “Reducing overall healthcare costs in New Jersey through improved primary care will also free up public funds for investment in other high-priority social services.”
R-Health’s approach to Direct Primary Care in New Jersey is focused on removing all barriers to high quality primary care. This includes a membership covered 100% by the NJ SHBP / SEHBP, no co-pays or other out-of-pocket costs for patients, 24/7 access to a personal primary care doctor, a patient panel that is less than half of a traditional primary care physician, and absolutely no fee-for-service billing. R-Health primary care doctors offer longer appointments, same-day and next-day appointments, little to no wait to see the doctor, and onsite lab draws. R-Health doctors also dispense medications for acute conditions and administer immunizations onsite, creating a one-stop-shop for comprehensive primary care.
More information can be found at www.r-health.md/nj.
About R-Health: R-Health delivers more effective care and a better patient experience – all at a lower cost. We partner with employers, unions, insurance companies and TPAs to offer primary care that’s truly collaborative. This is accomplished through the traditional core values of convenient, personal primary care; our innovative data analytics and patient engagement platforms that streamline care, delivering better outcomes, lower costs and a refreshing patient experience; and the proactive management of chronic conditions. For more information, visit www.R-Health.md.
About Reinvestment Fund: Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. Learn more at reinvestment.com.
SOURCE: R-Health; Press Release; June 22, 2017