Medical Home Network Transitions to Public Benefit Corporation for Enhanced Support of Safety-Net Providers

Medical Home Network Transitions to a Public Benefit Corporation

In a move aimed at enhancing its mission to support federally qualified health centers (FQHCs) across the United States, Medical Home Network (MHN) has officially transitioned into a Public Benefit Corporation. This strategic shift is designed to empower safety-net providers to deliver superior care and improve patient outcomes, especially in underserved communities.

On January 6, 2025, MHN, known for its dedication to value-based healthcare arrangements, announced this significant transformation. The decision follows a successful funding round led by Oak HC/FT, a prominent venture firm that specializes in healthcare investments. The backing from Oak HC/FT underscores the strong belief in MHN’s collaborative approach and its potential for positive impact in the communities it serves.

The funds raised during this round will be utilized to bolster existing partnerships with providers, enhance technology infrastructure, and explore expansion into new markets. MHN's commitment to transforming care within the safety net is further solidified by this transition, as it will allow for deeper collaborations with safety-net providers engaged in value-based contracting.

Cheryl Lulias, President and CEO of MHN, stated, "MHN has always recognized the critical role FQHCs play in our healthcare system. Our new structure will enable us to deepen our partnerships and drive transformative changes at the practice level."

As a Public Benefit Corporation, MHN is poised to strengthen its relationships with safety-net providers involved in value-based care contracts. The results of this corporate transformation are anticipated not only to enhance care delivery but also to contribute to the overall health of communities across the nation.

Andrew Adams, Co-Founder and Managing Partner at Oak HC/FT, expressed pride in supporting MHN. "We believe that MHN is a crucial partner for healthcare providers in underserved areas, enabling high-quality patient care. Our investment will help further their mission as they embrace this new phase of growth."

Medical Home Network has a long-standing success record in delivering leading health outcomes, achieving savings, and ensuring quality results within value-based care frameworks. In recognition of its outstanding work environment, MHN was honored by Modern Healthcare as one of the Best Places to Work in Healthcare for four consecutive years, reinforcing its status as a preferred employer in the health sector.

The transition to a Public Benefit Corporation also entails that MHNU Corporation, the current tax-exempt sponsor of MHN, will retain an ownership interest and representation on the new board structure. This will facilitate continuity and align the strategic vision of the organization with its public service goals.

MHN's commitment to transforming healthcare in the safety-net sector goes hand-in-hand with its objectives to build healthier communities nationwide. By aligning itself under the Public Benefit Corporation model, MHN aims to ensure that care is not only accessible but also of the highest quality for all patients, regardless of their background or geographic location.

Furthermore, the structure underlines a commitment to reinvesting into the communities it serves, demonstrating a dedication to social responsibility alongside its business objectives. The era of Public Benefit Corporations like MHN points towards an increasing trend where healthcare organizations prioritize community impact as part of their operational ethos.

In conclusion, the transition of Medical Home Network to a Public Benefit Corporation marks a significant step forward in the mission to enhance the delivery of healthcare among America's safety-net providers. With a solid foundation of support from investors and a clear focus on value-based care, MHN is set to foster healthier outcomes across its partner organizations and, ultimately, the communities they serve.

For more details about Medical Home Network and its initiatives, please visit medicalhomenetwork.org and connect with MHN on LinkedIn.