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August 22, 2016 at 02:38pm
The Medicare program PACE, or the Program of All-Inclusive Care for the Elderly, was designed to help keep older people at home and out of nursing homes.
Until recently, only nonprofits were allowed to run programs like these. But a year ago, the government flipped the switch, opening the program to for-profit companies as well, ending one of the last remaining holdouts to commercialism in health care. The hope is that the profit motive will expand the services faster. And investors are now showing interest….
(Note: we have our own Pace Program and facility here in Charlottesville, Blue Ridge Pace, which is a partnership between Riverside Health System, The University of Virginia Medical Center, and JABA. Website: http://www.riversideonline.com/blue_ridge_pace/index.cfm)