Humana has unveiled an agreement with value-based cancer care platform Thyme Care with the aim of providing oncology support for its Medicare Advantage (MA) members.
The agreement impacts MA members who reside in Michigan, New York, Illinois, Indiana, Tennessee, Pennsylvania and New Jersey.
Eligible Humana members will have access to Thyme Care’s services, which include 24/7 virtual care navigation. Additionally, patients will be connected to a care team made up of oncology nurses, nurse practitioners, social workers and resource specialists.
Thyme Care's team will provide medication guidance, urgent care support, chronic condition management and palliative care support.
Thyme's team will also have the ability to connect patients with community-based resources, including financial assistance, transportation for appointments, food assistance and housing support.
Dr. Bryan Loy, medical director at Humana, said the value-based deal will help decrease unnecessary acute hospital care and provide support after hospital discharges.
Humana selected Thyme Care because its "approach to support the member throughout the care journey aligns with Humana’s desire to help members get the best care experience," Loy added.
“Thyme Care’s clinical leadership understands the complexities of oncology practice and the need to personalize care for our members,” Loy said in a statement. “Their reputation and existing partnerships with practices give us the confidence to pursue improvements in a way that is in the best interests of our members.”
Dr. Brad Diephuis, president and COO of Thyme Care, said working with Humana will help the company focus on its goal of transforming the patient experience.
"Cancer care involves more than just clinical treatment; it’s about having someone to call when symptoms worsen at midnight, getting help with transportation to appointments, or finding financial assistance for medications. Our 24/7 Care Team provides this continuous support that extends well beyond the clinic walls, addressing both medical needs and social determinants of health," Diephuis said in a statement.
THE LARGER TREND
In 2024, Cohere Health and health insurer Humana expanded their 2021 partnership, focusing on the prior authorization process for musculoskeletal issues, to include diagnostic imaging and sleep services.
Via the expanded partnership, diagnostic imaging and sleep solutions will be added to the services Humana offers its members and providers.
In 2023, virtual mental health platform Valera Health became an in-network provider for Humana Medicare Advantage members in 10 states in the U.S.
Valera provides a virtual platform for high-acuity patients aged 6 and above with serious mental illness and severe depression. The company matches patients to a health coach, who helps them find a therapist or doctor who meets their needs.
In 2024, Thyme Care secured $60 million in Series B financing, bringing its total raise to more than $80 million. The company used the funds to expand its network of oncology partners and cancer-care support services.
That same year, Thyme Care launched Enhanced Supportive Care, a virtual palliative care support program aimed at assisting its members and caregivers with managing physical and psychological symptoms accompanying cancer diagnosis and treatment.
The program is led by Dr. Julia Frydman, the company's first medical director for palliative care. Frydman previously worked in the geriatric and palliative medicine program at New York City's Mount Sinai Health System.
Other players in the Medicare Advantage space include Lynx, which closed an oversubscribed $27 million Series A funding round in early February.
In 2024, Scripta Insights raised $17 million in Series B funding, bringing its total raise to $42 million. Scripta Insights develops pharmacy navigation solutions for self-insured employers, health plans and their members. Scripta’s Rx Navigation offerings include Rx Navigator for members and Rx Monitor for plan sponsors.