Greystone Health Network

Background

Founded in 2001, Greystone Health Network is a private healthcare management company headquartered in Tampa, Florida. The organization specializes in managing skilled nursing and rehabilitation centers, assisted living facilities, home health agencies, and hospice care services across Florida and Ohio. With a mission to provide compassionate care that enhances the quality of life for patients, Greystone Health Network has established itself as a significant player in the healthcare industry. The company's vision emphasizes innovative solutions and a commitment to treating members, associates, and business partners with respect and dignity.

Key Strategic Focus

Greystone Health Network's strategic focus centers on delivering comprehensive healthcare services through a network of facilities that include skilled nursing and rehabilitation centers, assisted living communities, home health agencies, and hospice care. The company aims to provide seamless transitional care, ensuring continuity from admission to discharge and beyond. By integrating various healthcare services, Greystone addresses the diverse needs of its patient population, targeting markets in Florida and Ohio. The organization leverages technologies such as NexusConnexions to streamline post-discharge follow-up calls and activities, enhancing patient outcomes and satisfaction.

Financials and Funding

As of December 2024, Greystone Health Network's estimated annual revenue is approximately $349.3 million, with an estimated revenue per employee of $378,000. The company employs around 924 individuals. In March 2015, Greystone expanded its operations by acquiring Autumn Health Care's 10 skilled nursing facilities in Ohio, adding 614 beds to its network. In March 2021, Greystone Health Network was acquired by Concierge Home Care.

Pipeline Development

Greystone Health Network has expanded its services through strategic acquisitions and integrations. In 2015, the company acquired Autumn Health Care's 10 skilled nursing facilities in Ohio, adding 614 beds to its network. This expansion enhanced Greystone's ability to provide rehabilitation and skilled nursing care in communities such as Adena, Cambridge, Coshocton, Mount Vernon, Newark, Somerset, Thornville, Walnut Grove, and Zanesville. Additionally, in January 2016, Executive Care transitioned to Greystone Home Health, further integrating home health services into the company's offerings.

Technological Platform and Innovation

Greystone Health Network distinguishes itself through the adoption of innovative technologies to enhance patient care and operational efficiency. The company implemented NexusConnexions software across its 36 skilled nursing locations to streamline post-discharge follow-up calls and activities. This platform utilizes patient risk stratification, creates specific call schedules, agendas, and scripts, and aids in individual care coordination, ensuring standardized and effective transitional care.

Leadership Team

The leadership team at Greystone Health Network comprises experienced professionals dedicated to advancing the company's mission:

Stephanie Handelson: Chief Executive Officer

Tricia Thacker: Chief Operations Officer

Jacqueline Price: Chief Financial Officer

Jean Rosa: Vice President of Account Receivable

Teresa Evans: Vice President, Human Resources

Krystal Wilson: Vice President of Business Development

Leadership Changes

In March 2021, Greystone Health Network was acquired by Concierge Home Care. This acquisition may have led to changes in the leadership structure, although specific details regarding leadership transitions post-acquisition are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The healthcare management industry is characterized by a growing demand for comprehensive and integrated care services, particularly for the aging population. The market is competitive, with numerous organizations striving to provide high-quality care while maintaining operational efficiency.

Competitor Analysis

Greystone Health Network faces competition from several key players in the healthcare management sector:

Asklepios: Operates a chain of medical centers, providing a wide range of healthcare services.

Benchmark Senior Living: Owns and operates senior living communities, focusing on assisted living and memory care services.

SCA Health (Surgical Care Affiliates): Manages surgical facilities and provides services to ambulatory surgery centers and hospitals.

Max Healthcare: Owns and operates healthcare facilities, offering comprehensive medical services.

Strategic Collaborations and Partnerships

Greystone Health Network has engaged in strategic collaborations to enhance its service offerings. The acquisition of Autumn Health Care's skilled nursing facilities in 2015 expanded its presence in Ohio, while the integration of Executive Care into Greystone Home Health in 2016 strengthened its home health services.

Operational Insights

Greystone Health Network's strategic acquisitions and technological integrations position it competitively within the healthcare management industry. The company's focus on comprehensive care services, combined with its commitment to innovation, enables it to meet the evolving needs of its patient population effectively.

Strategic Opportunities and Future Directions

Looking ahead, Greystone Health Network is poised to capitalize on the growing demand for integrated healthcare services. By continuing to expand its network through strategic acquisitions and partnerships, and by leveraging advanced technologies, the company aims to enhance patient outcomes and maintain a strong market position.