Episode Details
Join us on the latest episode! Our Guest: Dave Jacobs, Co-Founder & Co-CEO at Homethrive
What you’ll get out of this episode:
- HomeThrive, co-founded by Dave Jacobs, supports 53 million unpaid U.S caregivers, partnering with employers and health payers.
- Enhanced caregivers’ outcomes: saving two days of work monthly, reducing stress by 90%, and decreasing job resignation intent by 80%.
- 75% reduction in hospital readmissions, increased care plan compliance, and improved retention rates.
- Challenges faced by HomeThrive include educating people on the need for caregiver support and reaching caregivers via health plan members.
- The vision for HomeThrive is that family caregiver support will become as prevalent as mental health benefits.
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An Introduction to HomeThrive
On a recent episode of the Slice of Healthcare podcast, host Jared Taylor sat down with Dave Jacobs, the Co-Founder and Co-CEO of HomeThrive, a revolutionary platform aimed at supporting family caregivers. Dave’s personal experience with the challenges of caregiving spurred him to create HomeThrive. Despite his extensive experience in the healthcare sector, caring for his ailing father proved an immense challenge, underscoring the need for a resource that could aid family caregivers.
HomeThrive Today
HomeThrive has spent the last four years championing family caregiver support to both employers and health plans. With over 53 million unpaid family caregivers currently in the United States, Dave discussed the crucial need for resources to aid these individuals. Their commitment has led to collaborations with over 100 national employers and seven national payers who utilize HomeThrive to enhance family caregiver support.
Outcomes and Improvements
Dave also discussed the impressive outcomes HomeThrive is achieving in the caregiver and payer space. For caregivers, HomeThrive has been able to reduce their stress by 90% and cut down on the intent to resign by 80%. For the payers, the platform has seen a 75% reduction in gaps in care and an increase in retention rates.
Building a New Category: Caregiving Coordination
HomeThrive is creating a new caregiving coordination category for unpaid family caregivers. To do this, Dave and his team are working with employers, health plan providers, and leveraging technology to deliver their services on a wider scale. By using technology to scale the “magic” of their social workers, they hope to reach more caregivers and offer assistance at a reasonable price point for payers.
The Challenges and The Road Ahead
Despite the impressive strides HomeThrive has made, Dave acknowledges that challenges remain. The most significant is the need to educate people about caregiving and convince them to adopt resources like HomeThrive. Additionally, connecting with family caregivers through the members of health plans and replicating the experience provided by social workers using technology are also challenging but necessary steps for growth.
In the coming years, Dave is eager to see family caregiver support grow similarly to how mental health benefits have expanded in the past decade. He and his team at HomeThrive are dedicated to making that a reality.
Wrap Up
Jared Taylor’s interview with Dave Jacobs provided an insightful look into the mission, work, and aspirations of HomeThrive. They are committed to supporting the countless unpaid family caregivers who shoulder the responsibility of caring for their loved ones. The challenges may be daunting, but the potential benefits for caregivers and the healthcare sector as a whole are immense.
WORD FROM OUR SPONSORS:
Our sponsors for this episode are Sage Growth Partners, FlipMD by GoodRX and Quantum Health
Sage Growth Partners accelerates commercial success for healthcare organizations through a singular focus on growth. The company helps its clients thrive amid the complexities of a rapidly changing marketplace with deep domain expertise and an integrated application of research, strategy, and marketing. For more information, please go to www.sage-growth.com & follow Sage Growth Partners on social media – @sagegrowthpartners
GoodRx is a company that operates a platform and mobile application providing information and discounts on prescription drugs. It was founded in 2011 with the aim of helping consumers save money on their medication costs. GoodRx acts as a bridge between consumers, pharmacies, and pharmaceutical companies.
The primary function of GoodRx is to aggregate and compare prices of prescription drugs from various pharmacies across the United States. They gather pricing information for both generic and brand-name medications, allowing users to find the most affordable options available to them. The platform provides users with details about drug prices, discounts, and savings opportunities at different pharmacies in their local area.
For more information, please go to https://www.goodrx.com/ & follow FlipMD on social media – @goodrx
Quantum Health is an award-winning consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Launched in 1999, Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Visit: https://quantum-health.com/ and follow Quantum health on social media – @Quantum Health
To learn more about HomeThrive please use the links below:
– HomeThrive LinkedIn – HomeThrive Website –
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