We help amplify population health strategies
WHAT IS Providencial md (formerly US WELLCARE)?
ProvidencialMD formerly US Wellcare is a population health company that specializes in lifestyle change and obesity medicine. We are building a national network of church-based wellness and weight loss centers. We specialize in improving outcomes for patients with chronic diseases such as diabetes, obesity, high blood pressure and heart disease; and was created to provide wellness and weight loss services to rising risk and low intervention chronic disease patients.
Our business model is driven by population health management principles and focused in improving outcomes. We specialize in quality enhancement interventions that patients need but primary care doctors may not have time to provide such as:
medical weight loss
nutrition therapy
obesity behavior therapy
medication management
diabetes self management classes
exercise prescriptions
cardiovascular behavior therapy
Our centers have multiple sources of revenue-both traditional and non-traditional-so we are less reliant on payer reimbursements. This allows us to offer therapies and treatments that focus on improving outcomes which ultimately improves the "bottom line". The result is profitable and sustainable centers in both a fee-for-service and value based payment environment.
Important chronic disease statistics:
86% of healthcare costs are related to chronic disease.
As of 2012, about half of all adults—117 million people—had one or more chronic health conditions.
7 of the top 10 causes of death in 2010 were chronic diseases.
Chronic care management is a $51 billion market.
157 million people projected chronic disease patients by 2020.
50, 000 Primary Care Physician shortage by 2025.
We are building clinics throughout Baltimore/Washington, DC and Atlanta metropolitan areas.
Our clinics' goals are to:
To improve the health outcomes of congregations and community residents
To improve access to healthcare services
To promote healthy lifestyles
To improve healthcare literacy
To improve overall worker productivity
To help break the cycle of obesity and poor health conditions of those living in medically under-served areas
Who can invest
Accredited Investors only. The Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
In order for an individual to qualify as an accredited investor, he or she must accomplish at least one of the following:
1) earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last two years and expect to reasonably maintain the same level of income.
2) have a net worth exceeding $1 million, either individually or jointly with his or her spouse.
3) be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.
These investors are considered to be fully functional without all the restrictions of the SEC.
An employee benefit plan or a trust can be qualified as accredit investors is total assets are in excess of $5 million.
Download the investor packet below to receive more information.
Come help us drive healthcare innovation while potentially growing and diversifying your portfolio.