Apricus Health, a Scottsdale, AZ-based innovative healthcare company, received $20m from Virgo Investment Group.
This partnership aligns with Virgo’s focus on strategically expanding its portfolio within the health and wellness sectors and will enable Apricus Health to scale to meet the demand for its healthcare services.
Led by Dr. Kishlay Anand, president and founder, Apricus Health operates a Health Network of primary care and specialty providers which now includes over 590 practitioners and 63 provider groups in 220 locations across Maricopa, Pinal, Coconino, and Yavapai, Arizona counties. Comprehensive services include in-office visits, telehealth, personal care navigators, remote patient monitoring and free home delivery of medications. Patients have access to healthcare 24/7, and can choose when and how they receive care.
Apricus Health has a special focus on Senior Health Management. Patients with chronic conditions are given remote monitoring devices and enrolled in a proactive chronic care management program, leading to improved outcomes and lower hospitalizations and healthcare spending.
The Centers for Medicare and Medicaid (CMS) recently awarded Apricus Health approval to operate a Direct Contracting Entity (DCE), a value-based care model that adds Benefit Enhancements and Benefit Engagement incentives for Medicare patients. Implementation is underway now and full operations start April 1, 2021. The company plans to extend its participation in DCE programs in other states in 2022.