Medwood Services - Bridges Fund Management

    

    

























 






    
	            
			    
    



		
		    

    
    
    





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Medwood Services

Providing access to primary care in Brooklyn and Queens

Investment Strategy

Growth Business

Theme

Healthier Lives

Date of initial investment

July 2018

Bridges Executives

Ed Niemczyk
Elizabeth Burgess

Challenge

Low- and moderate-income (LMI) populations in New York lack access to primary care due to a shortage of primary care physicians (PCPs) and a high percentage of Medicaid- and Medicare-insured patients. Latino populations face additional cultural and language barriers to receiving quality treatment. On average, patients with access to regular PCPs have lower care costs and improved health outcomes.

Investable Solution

Medwood provides healthcare services though high-quality primary care locations in New York City. 60% of Medwood’s clinics are located in federally designated Primary Care Health Professional Shortage Areas (HPSAs), and 59% of residents have a primary language other than English. With a high percentage of patients utilizing Medicaid and Medicare and living in LMI areas, Medwood is uniquely focused on providing a quality experience to underserved families. PCPs’ importance is increasing as payors shift to value-based reimbursement and rely on PCPs to coordinate care and referrals. Medwood plans to grow through the acquisition of lower margin, single-unit operators to benefit from enhanced payor contracts and economies of scale.

Impact

By providing high-quality primary care to underserved communities at accessible locations embedded in the neighborhood context, Medwood enables LMI, Medicaid, and minority patients to develop a consistent primary care provider relationship, which is a core driver of improved health outcomes and decreased health risk factors over time, yielding a lower cost to patients and the health care system.