Community Health (CYH), Mindoula to Offer Mental Health Care
Community Health Systems, Inc. CYH recently teamed up with the population health management company, Mindoula, in a bid to provide easier access to mental health care and ensure better whole-person health outcomes for patients.
The partnership will enable Community Health to deploy the Collaborative Care program of Mindoula across its primary care provider network of around 700 in the United States. The Mindoula program follows an evidence-based integrated care approach, which combines technology and human interactions to alleviate depression, improve physical health and substantially lower health care expenses.
The virtual program utilizes clinically-validated patient assessments to detect behavioral health needs and monitor any evolvement in such needs. The element of technology imparts the power of actionable intelligence to physicians, who can effectively cater to patients grappling with mental health issues, such as depression and anxiety.
A suitable care plan is chalked out and patients can interact with the caregivers through the HIPAA-compliant Mindoula Messenger engagement app, text messaging, video and phone calls as well as encrypted email. Subsequently, a systematic follow-up procedure and weekly assessment of the treatment plan also form a part of the Mindoula program.
Therefore, the ulterior motive of the latest tie-up remains to make advanced behavioral health resources readily available to the affiliated provider network of Community Health and benefit patients with digital access to the much-needed services. This, in turn, may diversify CYH’s health care services portfolio and bring higher payments from governmental agencies, private insurers and patients in return of its services.
The integration of mental health care with other medical care services may save $38-$68 billion of expenses each year in the United States, as per a Milliman study.
The partnership with Mindoula seems to be a time opportune move on the part of Community Health, considering the growing incidence of mental health issues among Americans and a nationwide aging population. Mental health disorders impact one of five Americans and if not treated at the correct time, can have a serious effect on one’s physical health. Also, older adults belonging to a medically vulnerable population remain at a greater risk to develop the signs of depression.
Community Health pursues technology investments to build an effective telehealth platform, which fetches a steady source of income to the health care provider. Meanwhile, it also relies on acquisitions and partnerships to bolster medical service offerings, business scale and nationwide presence.
Shares of Community Health have declined 2.8% in the past year against the industry’s 20% growth. CYH currently carries a Zacks Rank #3 (Hold).
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Stocks to Consider
Some better-ranked stocks in the Medical space are IRadimed Corporation IRMD, Alcon Inc. ALC and Molina Healthcare, Inc. MOH. While IRadimed sports a Zacks Rank #1 (Strong Buy), Alcon and Molina Healthcare carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
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The bottom line of Alcon outpaced estimates in three of the trailing four quarters and matched the mark once, the average surprise being 8.03%. The Zacks Consensus Estimate for ALC’s 2023 earnings indicates a rise of 21.9% from the year-ago reported figure. The consensus mark for revenues suggests an improvement of 9.3% from the year-ago reported figure. The consensus mark for ALC’s 2023 earnings has moved 10% north in the past 30 days.
Molina Healthcare’s earnings beat estimates in each of the trailing four quarters, the average surprise being 7.18%. The Zacks Consensus Estimate for MOH’s 2023 earnings indicates a rise of 15.3% from the year-ago reported figure. The consensus mark for revenues suggests an improvement of 3.4% from the year-ago reported figure. The consensus mark for MOH’s 2023 earnings has moved 1.7% north in the past 30 days.
Shares of IRadimed and Alcon have gained 40.8% and 20.5%, respectively, in the past year. However, the Molina Healthcare stock has declined 8.9% in the same time frame.
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