HarmonyCares (No Stock Code Mentioned) Company Profile
Founded in 1993 and formerly known as U.S. Medical Management LLC, HarmonyCares changed its name in 2022. It is the largest provider of family doctor services in the United States, focusing on providing high-quality personalized medical services to patients in their homes.
I. Company Introduction
HarmonyCares was founded in 1993, with its headquarters in Troy, Michigan, the United States. It was formerly known as U.S. Medical Management LLC and changed to its current name in 2022. The company's mission is to improve access to healthcare for people who have difficulty obtaining traditional medical services. It emphasizes compassionate and empathetic care and is committed to providing high-quality, personalized medical services in patients' homes.
Official Website: https://harmonycares.com/
II. Main Business Segments
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Primary Care: Provides primary healthcare services such as routine check-ups, chronic disease management, and preventive care, focusing on patients' basic health needs.
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Home Healthcare: Allows patients to receive medical services such as nursing, treatment services, and personal care assistance at home, providing a convenient and comfortable medical environment for patients.
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Hospice and Palliative Care: Aims at seriously ill patients, focusing on pain management, symptom relief, and providing emotional support for patients and their families, reflecting humanistic care.
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Professional Services: According to the needs of the service community, it provides various professional healthcare services such as behavioral health, physical therapy, and nutrition counseling to meet the diverse health needs of patients.
III. Technological and Business Advantages
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Experience Advantage: Since its establishment in 1993, it has been focusing on the home medical service field for more than 30 years, accumulating rich experience, and being able to better deal with various complex medical situations and patient needs.
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Mission-driven Advantage: With the mission of improving access to medical services for vulnerable groups, it emphasizes compassionate and empathetic care. This mission-driven approach helps attract excellent medical talents, improve patient satisfaction and loyalty, and establish a good brand image.
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Comprehensive Service Advantage: It provides a variety of types of medical services, forming an integrated service system. It can meet the medical needs of patients at different levels and stages in one stop, enhancing service competitiveness.
IV. Development History
| Time | Key Events |
|---|---|
| 1993 | Started providing home visit services to patients in Detroit, Michigan, under the name of U.S. Medical Management LLC (USMM) |
| 1993 - 2013 | In view of the continuous care needs of patients, developed laboratory, home health care, and hospice services |
| 2013 | Continued to expand and launched a 24/7 patient care center |
| 2021 | Renamed as HarmonyCares and launched MSSP ACO, providing services to more than 20,000 Medicare users |
| 2022 | Joined the CMS Innovation Center ACO REACH, focusing on value-based care |
| November 2021 | Received venture capital funding from Oak HC/FT, HLM Venture Partners, Valtruis, and Rubicon Founders |
| July 2024 | Received $200 million in venture capital funding led by General Catalyst and McKesson Ventures, with follow-on investments from K2 HealthVentures, Oak HC/FT, Valtruis, etc. |
| Now | Has become the largest home visit service provider in the United States |
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