Habitat Health Company Profile

Background

Habitat Health, established in 2023, is an integrated healthcare payer and provider dedicated to empowering older adults to maintain their independence within their homes and communities. The company operates through the Program of All-Inclusive Care for the Elderly (PACE), delivering comprehensive medical and social services to eligible individuals.

Key Strategic Focus

Habitat Health's strategic objectives include:

• Community Integration: Establishing centers that serve as extensions of participants' homes, offering medical care, social support, and personal services.

• Whole-Person Care: Addressing medical, social, and emotional needs to preserve the aspects of life most important to participants.

• Partnership-Based Approach: Collaborating with established healthcare organizations like Kaiser Permanente to leverage clinical expertise and expand service reach.

• Cultural Competency: Providing tailored care that respects the social, cultural, and linguistic needs of diverse communities.

• Technology Enablement: Utilizing technology to scale PACE implementation effectively across various communities.

Financials and Funding

In September 2024, Habitat Health secured over $50 million in capital from investors including Town Hall Ventures, New Enterprise Associates, and Kaiser Permanente. This funding is allocated to expanding access points for high-quality care in underserved communities.

Pipeline Development

Habitat Health's development pipeline includes:

• Sacramento PACE Center: Opened in January 2025 in partnership with Kaiser Permanente, offering integrated healthcare services to older adults.

• Future Centers: Plans to establish additional PACE centers across California and nationally, subject to regulatory approvals.

Technological Platform and Innovation

Habitat Health differentiates itself through:

• Tech-Enabled Care Delivery: Implementing technology to facilitate scalable and efficient PACE program implementation.

• Integrated Health Services: Offering a seamless participant experience by combining medical care, social services, and personal care under one roof.

Leadership Team

• Matthew Bennett, Co-founder and CEO: Former Senior Vice President at Cigna Evernorth, overseeing care delivery businesses serving over 26 million patients.

• Carmen A. Peralta, MD, MAS, Chief Medical Officer: Previously Chief Clinical Officer at Interwell Health and Professor of Medicine at the University of California, San Francisco.

• Geoff Price, Executive Chairman of the Board: Co-founder and former Chief Operating Officer at Oak Street Health.

• Vinay Mascarenhas, Acting Chief Operating Officer and Senior Partner: Co-founder and former Chief Strategy Officer at Landmark Health.

• Robert Fuentes, Co-founder and Chief Strategy Officer: Vice President at Town Hall Ventures.

• Mandira Singh, Acting Chief Platform Officer and Senior Partner: Former Chief Operating Officer at Collective Medical.

Leadership Changes

The leadership appointments were announced in September 2024, marking a significant step in assembling a team with diverse expertise to guide Habitat Health's strategic direction.

Competitor Profile

Market Insights and Dynamics

The PACE model serves approximately 78,000 adults aged 55 and older across 177 programs nationwide. The average participant is 76 years old with multiple complex medical conditions, and 94% live within their communities.

Competitor Analysis

Key competitors in the PACE and elder care market include:

• Oak Street Health: Focuses on value-based primary care for Medicare beneficiaries.

• Landmark Health: Provides in-home medical care for complex, chronic patients.

• Interwell Health: Specializes in value-based kidney care management.

• Evernorth (The Cigna Group): Offers a range of health services, including care delivery and management.

Strategic Collaborations and Partnerships

Habitat Health's notable partnerships include:

• Kaiser Permanente: Collaborated to launch the first PACE center in Sacramento, combining Habitat Health's care model with Kaiser Permanente's clinical expertise.

• Town Hall Ventures: Co-launched Habitat Health, providing strategic support and investment.

Operational Insights

Habitat Health's strategic considerations involve:

• Community-Centric Care: Establishing centers that serve as community hubs, offering comprehensive services to older adults.

• Scalable Partnerships: Collaborating with established healthcare organizations to rapidly implement and scale PACE programs.

• Cultural Sensitivity: Delivering care that is tailored to the diverse needs of participants, enhancing engagement and outcomes.

Strategic Opportunities and Future Directions

Habitat Health's roadmap includes:

• Expansion of PACE Centers: Establishing additional centers in California and other states to serve a broader population of older adults.

• Enhanced Technological Integration: Leveraging technology to improve care coordination and participant engagement.

• Strengthening Partnerships: Building relationships with additional healthcare organizations to expand service offerings and reach.

Contact Information

For more information, visit Habitat Health's official website.

Social Media Profiles:

• LinkedIn: Habitat Health LinkedIn

• Twitter: Habitat Health Twitter

• Facebook: Habitat Health Facebook

• Instagram: Habitat Health Instagram