Market Overview

Dedicated Opens Two New Medical Centers and Commits $200 Million to Transform Care for Tampa Seniors

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Grand openings and rapid expansion = new era of better health for older Tampa Bay residents

TAMPA, Fla. (PRWEB) September 05, 2018

ChenMed, a leading primary care provider, this morning confirmed a five-year, $200 million investment in Tampa Bay, where 10 Dedicated Senior Medical Centers are planned. The announcement -- timed with today's grand opening celebration for Dedicated's newest center in Largo (soon to be followed by grand opening of a Dedicated center in North Tampa) -- builds on the foundation of thriving Dedicated centers in Clearwater, Tampa and St. Petersburg. Those rapidly-growing centers started serving Medicare-eligible seniors in August of 2017.

"We've seen burgeoning local demand for the affordable VIP care that Dedicated physicians and care teams consistently provide," notes Gordon Chen, M.D., ChenMed Chief Medical Officer. "Remarkable organic growth, prompted by happy patients referring in family members and friends, is why our first three Tampa Bay centers attracted over 1,300 members in just six months, and then about doubled membership during our second six months of operation."

ChenMed operates about 50 Chen, Dedicated and JenCare Senior Medical Centers serving diverse elderly populations in seven states. To help seniors enjoy more healthy days, while significantly reducing both emergency room visits and in-patient hospital admissions, ChenMed emphasizes prevention and high-touch services, including on-site specialists and medication dispensing, door-to-doctor transportation, and substantively more face-to-face time with primary care physicians. The new Dedicated centers bring affordable health care to more Tampa seniors at little to no cost to patients.

"For more than 30 years, ChenMed physicians have been practicing medicine differently," says Gaurov Dayal, M.D., ChenMed President New Markets and Chief Growth Officer. "Our PCPs share their cell phone numbers with patients, encouraging immediate calls and/or walk-in appointments whenever they might not be feeling well. Our doctors are passionate about honoring seniors with affordable VIP care that delivers better health."

Dr. Chen added that today's grand opening celebration in Largo -- soon to be followed by an October grand opening celebration for the new North Tampa center are great opportunities to meet the Dedicated doctors. "Come see how we effectively detect and manage high-risk diseases; deliver VIP service; and reduce hospital sick days. Come learn how we personalize care to help folks keep doing what they most enjoy with the family and friends they most love."

Hundreds of Tampa seniors and their caregivers are expected to attend the following grand opening celebrations, where VIP tours, food, fun and community service are the agenda between 10 AM and 2 PM daily:

  •     Dedicated Largo (7050 Ulmerton Road, Largo, FL 33771) – September 5-6
  •     Dedicated North Tampa (1901 Fletcher Avenue, Tampa, FL 33612) – October 17-18

Every Florida resident attending the Dedicated grand opening celebration will have a special opportunity to qualify for/receive a free enhanced-audio phone 100% funded by the State of Florida. Representatives from the Largo-based Family Center on Deafness nonprofit will be present to help people having some level of hearing impairment stay better connected with family members, friends and their doctors with an enhanced-audio phone provided by Florida Telecommunications Relay, Inc. (FTRI).

Dedicated expects to create about 70 new jobs at the two centers opening in 2018, and hundreds of jobs over the next five years, including physicians, clinical support staff, administrators, and community engagement specialists. The new centers also are being supported by Turner Impact Capital, one of the nation's largest social impact investment firms, through the Turner Healthcare Facilities Fund.

"Turner Impact Capital is delighted to be helping ChenMed accelerate the openings of high-quality medical facilities for underserved patient populations," explains Bobby Turner, CEO, Turner Impact Capital. "The Turner Healthcare Facilities Fund is well-positioned to invest up to $500 million in community-serving healthcare facilities to measurably improve patient health, increase patient satisfaction, and reduce disparities in healthcare outcomes in disadvantaged communities."

A provider of high-quality health care to underserved seniors since 2010, Dedicated Senior Medical Center and its new Tampa locations are committed to delivering exceptional outcomes that help patients avoid unnecessary trips to the hospital and emergency room. Dedicated physicians throughout Florida (Bradenton, Clearwater, Jacksonville, Lakeland, Largo, Tampa, St. Petersburg) and in Philadelphia build strong relationships with their patients and offer same-day appointment options for seniors seeking immediate care.

ChenMed's model of high-touch care has proven to drive successful patient outcomes. A report showed that its doctors spend 189 minutes of face-to-face with each patient annually—more than nine times the national average. As a result, ChenMed rates of ER visits are 33.6 percent lower than the national average among Medicare beneficiaries. ChenMed patients also average 28 percent fewer hospital admissions and 25 percent fewer in-patient days than the average Medicare beneficiary.

About Dedicated & ChenMed
For seniors most in need of care, high-quality health care too often is beyond reach. Dedicated brings concierge-style medicine—and better health outcomes—to the neediest populations. The value-based care provider primarily serves seniors with low-to-moderate incomes, most of whom are managing multiple chronic conditions.

Dedicated's (ChenMed's) mission is to honor seniors with affordable VIP care that delivers better health. To do that, Dedicated relies on innovative technology and a talented, resourceful, and compassionate team of providers. Founded by Dr. James Chen, a Taiwanese immigrant and cancer survivor, ChenMed operates more than 40 medical centers in Florida, Georgia, Illinois, Louisiana, Kentucky, and Virginia. Well-known ChenMed brands include Chen Senior Medical Center, Dedicated Senior Medical Center, and JenCare Senior Medical Center.

About Turner Impact Capital
Dedicated to generating "profits with a purpose," Turner Impact Capital is an acknowledged leader and innovator in the growing field of social impact investing – an investment approach that takes into account two goals: generating positive, risk-adjusted financial returns and creating purposeful, measurable, and positive social and environmental impact through those investments. Founded in 2014, the firm is on course to surpass $3 billion in investment potential to address some of the most pervasive social issues challenging urban neighborhoods, such as healthcare, workforce housing and education, while delivering superior risk-adjusted returns for its investors.

For more information about Turner Impact Capital and the Turner Healthcare Facilities Fund, visit http://www.turnerimpact.com or @turnerimpact on Twitter.

About Family Center on Deafness
The Family Center on Deafness empowers Pinellas County families with deaf or hard of hearing members by providing programs and services to promote communication and independence. FCD programs include enhanced-audio phone distributions as a nonprofit distribution partner for Florida Telecommunications Relay, Inc. (FTRI); tutoring; after school and summer programs; literacy and sign language instruction; information and referral; social opportunities for deaf children and parents.

For the original version on PRWeb visit: https://www.prweb.com/releases/dedicated_opens_two_new_medical_centers_and_commits_200_million_to_transform_care_for_tampa_seniors/prweb15737182.htm

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