Three months after CareCentrix Inc., a home health benefits management company based in Hartford, made the decision to expand, the company has filled 300 new jobs, including 30 in Stamford.
CareCentrix, which employs about 1,400, has been operating in Connecticut for 17 years. Since its expansion to a nearly 10,700-square-foot space at 1 Stamford Place, the company created 30 jobs in technology, marketing and revenue cycle management.
CareCentrix is the fifth company to participate in Gov. Dannel Malloy”™s First Five initiative, a program that provides incentives and tax credits to businesses that have the potential to create a minimum of 200 full-time jobs in the state over five years.
“The governor is excited about supporting us because we”™re growing quickly and solving health care problems that the state wants to solve,” said John Driscoll, CEO of CareCentrix. “We can be a real job magnet for the state. Health care represents 20 percent of the economy, but it”™s clearly undermanaged. We have innovative solutions and established a long-term record of lowering costs and improving outcomes for patients.”
Malloy said last year that the health care industry has been a major driver of the state”™s economy in recent years and CareCentrix”™s decision to expand into Stamford points to more growth, “more innovative partnerships in the health services field, millions in new capital investment and hundreds of jobs for our residents.”
CareCentrix partners with a network of home health providers to ensure patients receive the services and medical attention they need to keep them from being hospitalized again.
“Far too many patients after they leave the hospital are back within 90 days,” Driscoll said. “We focus on making sure patients have a great care transition, guaranteeing they get the care they need and helping the patient and family navigate that next step in care.”
The company, which was founded in 1996, plans to develop new ideas, services and products to help lower health insurance costs and improve patient outcomes.
“We”™re not letting patients fall through the cracks by ensuring they have access to care,” Driscoll said. “If a patient falls through the cracks, they can get readmitted to the hospital, have complications or potentially be put on medicines that make the patient more sick. As the patient becomes sicker, the health insurance costs go up and outcomes erode.”
CareCentrix partners with 17 health insurers and nearly 8,000 home health care providers nationwide. Its home health care providers include a network of credentialed at-home aides, infusion nurses and oxygen technicians. The company also provides home medical equipment and sleep disorder solutions. It serves some 23 million people.
