Integrating offerings will elevate patient outcomes and transform musculoskeletal health
Nashville, Tenn. – December 10, 2024 — TailorCare, a leading provider of specialty value-based care solutions, today announced the acquisition of RecoveryOne, a virtual physical therapy platform focused on musculoskeletal (MSK) recovery. This strategic acquisition enhances TailorCare’s capabilities, creating a comprehensive MSK offering for patients, and better serving the needs of payers and providers.
TailorCare will continue its focus on patient care navigation, ensuring patients are educated and empowered to make the best treatment decisions and receive the right care. The acquisition of RecoveryOne adds a robust digital physical therapy platform, national network of licensed physical therapists, and behavior coaching capabilities to TailorCare’s offerings. The combined solution will empower patients to self-manage their recovery while benefiting from clinically supported care navigation, ensuring that each patient receives outcomes-based, tailored care to meet their specific needs.
“While patient care navigation is key, we’ve heard from patients, providers, and payers alike that integrating solutions is critical to delivering a market-leading MSK experience. The acquisition of RecoveryOne enhances our ability to offer a streamlined patient experience,” said Rachel Winokur, co-founder and CEO of TailorCare. “Together, our integrated platform is uniquely positioned to revolutionize how MSK care is delivered and to improve both the quality and cost of care for millions of patients.”
The American Academy of Orthopaedic Surgeons reports that half of Americans live with an MSK issue, making MSK one of the top drivers of medical spending–$380B annually, or 20% of total annual spend. As MSK conditions continue to be a major driver of healthcare costs, this acquisition represents a critical step forward in providing scalable, patient-centered solutions that improve outcomes and reduce costs.
“This acquisition marks a pivotal step in our vision to collaborate with industry leaders who deliver complementary expertise, innovation, and scale,” said Anna Haghgooie, TailorCare board member and managing director of Valtruis, a TailorCare investor. “RecoveryOne’s established relationships with Cigna Healthcare and other commercial health plans significantly expand TailorCare’s reach beyond Medicare Advantage, broadening our patient population and introducing new strategic partnerships that position us for continued growth and value creation.”
Craig Cimini, head of The Cigna Group Ventures said, “simplifying the experience for patients seeking and receiving care is essential to the future of musculoskeletal health in the United States, and a high priority for health plans and physicians alike.”
About TailorCare
TailorCare is a leading specialty value-based care solution focused on improving patient outcomes for joint, back, and muscle conditions. We take a deeply personal, data-driven approach by carefully assessing patients’ symptoms, health history, preferences, and goals. Utilizing predictive data and the latest evidence-based guidelines, we guide patients in choosing and navigating the most effective treatment pathways every step of the way. Learn more at www.tailorcare.com and follow us on LinkedIn at @TailorCare.
About RecoveryOne
RecoveryOne is a recovery-focused virtual physical therapy solution for employers, partners, and health plans. In reinventing MSK care delivery, we have created evidence-based programs rich in human-connected care and amplified through technology that help members from head to toe and everything in between. RecoveryOne is reimagining conventional MSK recovery by giving users a highly engaging and tailored experience that reduces costs and speeds recovery. For more information, visit RecoveryOne.com.
MEDIA CONTACT:
Dana Schroering
dschroering@tailorcare.com