By early next year [UnitedHealth Group] expects to house 350 homeless Medicaid patients whose annual health-care spending, while they’re on the streets, exceeds $17 million. The goal is for them to “graduate” within a year to paying their own rent. — Bloomberg Businessweek
Bloomberg Businessweek profiles UnitedHealth Group's efforts to reign in healthcare costs by providing high-cost patients with housing. The approach comes as the connections between a lack of housing and extreme healthcare costs come into sharper relief between these adjacent industries.
The health company recently partnered with Phoenix-based non-profit group Chicanos Por La Causa to purchase and upgrade 500 housing units that rent for as little as $609 per month, according to Bloomberg Business. The group's holdings include The Residences at Camel Back West, a mixed-income housing complex that offers market-rate and below-market rate housing options.
UnitedHealth's efforts mirror those of Denver Health Medical Center and the Denver Housing Authority, two entities that have partnered to refurbish a defunct hospital structure into 15 senior housing apartments in a similar bid to bring housing and healthcare to needy populations.
2 Comments
*Camelback
This article's title is damn literal.
-Mitch Hedberg
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