Latest LifeMasters News
Jan 19, 2011
Share | Tweet | Share | +1 | Buffer | print | email In my post from Monday on LifeMasters seeking Chapter 11, I dropped a BTW comment. The part that’s puzzling to me is the statement that LifeMasters owes $125 M to CMS. That’s hard to figure…the company only participated in MHS for a few months, and to my knowledge MHS is the only Medicare demo that required guaranteed savings (i.e., payback if targets aren’t hit). I really have to stretch my imagination to compute how CMS ran the tab to such an astronomical number. It raises questions around CMS’ good faith as a business “partner”. Let’s do the math. LifeMasters participated in MHS from 8/05 through 12/06 — 17 months. Estimated monthly “fees” advanced by CMS — under $40 M (20,000 patients x .90 participation rate x $130 per patient per month x 17 months — this is a high estimate) How do you explain the difference between $125 M (amount supposedly owed) and $40 M (estimated actual payments to LifeMasters)? CMS claims LifeMasters can’t get out of the contract? CMS not flexible on full 3 year comparison of intervention vs. control group? CMS still insists on 5% savings from LifeMasters? (even though it later allowed other MHSOs to back off to break even vs. 5% savings? something else? So how could LifeMasters wind up owing CMS $125 Million!!!??? The title of this series of blog posts has been “CMS Bumps Off Medicare Health Support”. I think that’s the right imagery. Mr. O, CMS seems to be a good place to start with your campaign to reform government and make it transparent. Updated: 3:30 PM, 9/17/09 A colleague called and politely tapped me on the shoulder about my back-of-the-envelope calculations about how LifeMasters owes $125M to CMS. LifeMasters had 3 separate contracts with CMS; my math only accounted for LifeMasters Oklahoma Medicare Health Support (MHS) project. While I wish that my colleague would have felt comfortable posting a comment on the blog or to the broader DM listserv, I understand there are many sensitivities involved. So, I stand corrected on my math. My concerns about lack of transparency around MHS remain. Table of contents for the series--CMS Bumps Off Medicare Health Support
LifeMasters Frequently Asked Questions (FAQ)
When was LifeMasters founded?
LifeMasters was founded in 1994.
Where is LifeMasters's headquarters?
LifeMasters's headquarters is located at 15635 Alton Parkway, Irvine.
What is LifeMasters's latest funding round?
LifeMasters's latest funding round is Unattributed VC - II.
How much did LifeMasters raise?
LifeMasters raised a total of $62M.
Who are the investors of LifeMasters?
Investors of LifeMasters include VantagePoint Capital Partners, Saints Capital, Opus Capital, Lightspeed Venture Partners, Landmark Partners and 14 more.
Who are LifeMasters's competitors?
Competitors of LifeMasters include U.S. Renal Care, Pentec Health, BioTelemetry, Knome, American Pathology Partners and 7 more.
Compare LifeMasters to Competitors
Ardent Health Services is a healthcare provider, operating in the healthcare industry. The company offers healthcare services through its hospitals and care sites, focusing on consumer-friendly processes and innovative services and technologies. Ardent primarily serves communities across various regions. It was founded in 1993 and is based in Nashville, Tennessee. Ardent Health Services operates as a subsidiary of Equity Group Investments.
Achieve CCA is a provider of debt management services to healthcare patients.
Paradigm provides acute and ongoing catastrophic and complex case management services for traumatic brain injuries, spinal cord injuries, amputations, burns, wounds, and chronic pain. The company is a provider of complex and catastrophic medical management in the workers' compensation industry.
TriMedx is a clinical asset management company operating in the healthcare sector. The company provides comprehensive clinical engineering services, clinical asset informatics, and medical device cybersecurity, aiming to transform clinical assets into strategic tools for healthcare providers. Its services primarily cater to the healthcare industry. It was founded in 1998 and is based in Indianapolis, Indiana.
US Radiosurgery offers services to physicians and aims to provide them expertise ranging from development and market analysis to financing and legal documents as well as the ongoing management and daily operations of their center.
AdhereHealth is a technology company that operates in the healthcare sector. The company's main offerings include a platform that uses advanced analytics to improve medication adherence, aiming to reduce unnecessary medical costs. This platform, delivered as tech-enabled telepharmacy services or Software-as-a-Service (SaaS), supports better clinical outcomes, patient experience, and medical cost avoidance. AdhereHealth primarily sells to health plans, self-insured employers, and other risk-bearing entities. AdhereHealth was formerly known as PharmMD. It is based in Brentwood, Tennessee.