New Dedicated Senior Medical Centers Investing Over $60 Million to Bring Affordable Concierge-Style Health Care to Jacksonville Seniors
With strategic investments from Turner Impact Capital, ChenMed prepares for August Grand Openings of three primary care facilities in Jacksonville
ChenMed, a leading primary care provider, is opening three new Dedicated Senior Medical Centers in Jacksonville, Fla., that will bring concierge-style health care to Jacksonville seniors at little to no cost to patients. The new Dedicated Senior Medical Centers offer an emphasis on preventive health care and services, such as courtesy transportation, on-site specialists and medication dispensing, and, perhaps most importantly, more face-to-face time with physicians.
“We’re thrilled to be investing in Jacksonville and opening three new Dedicated Senior Medical Centers here to give more seniors access to high quality care,” said Gaurov Dayal, MD, ChenMed President of New Markets and Chief Growth Officer. “Our high-touch approach leads to improved health care outcomes for patients, and our new centers contribute to revitalizing under-served neighborhoods.”
Demonstrating a strong commitment to quality health care for local seniors, Dedicated is investing more than $60 million over five years in Jacksonville. During that same period, Dedicated Jacksonville expects to employ about 100 physicians, clinical support, administrators, and community engagement specialists.
Two of the three new Dedicated Jacksonville centers are benefiting from investments by Turner Impact Capital, one of the nation’s largest social impact investment firms, through the Turner Healthcare Facilities Fund.
“Through the Turner Healthcare Facilities Fund, Turner Impact Capital invests in innovative and sustainable healthcare projects that generate a positive financial return and have a meaningful impact on communities,” said Bobby Turner, CEO of Turner Impact Capital. “Given the improved care and VIP service that ChenMed physicians consistently deliver to seniors at lower costs, Dedicated centers in Florida are exactly the type of projects we look to support.”
The three new Dedicated Senior Medical Centers opened their doors to initial patients on July 2, 2018, and the Jacksonville community is invited to attend grand openings scheduled for later in August at the new locations:
• Dedicated Jacksonville Northside (3059 Edgewood Avenue West) – August 9-10
• Dedicated Jacksonville Westside (6841 Blanding Boulevard) – August 14-15
• Dedicated Jacksonville Arlington (9422 Arlington Expressway) – August 16-17
Attendees at the events will have the opportunity to meet with Dedicated physicians, take a tour of the new center, and learn more about the special services available.
A provider of high-quality health care to underserved Florida seniors since 2010, Dedicated Senior Medical Center and its new Jacksonville locations are committed to delivering exceptional outcomes that help patients avoid unnecessary trips to the hospital and emergency room. Dedicated physicians build personal 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 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.
The Turner Healthcare Facilities Fund is a pioneering social impact fund with a focus on developing high-quality medical facilities for proven healthcare providers in communities with underserved patient populations. The fund will be positioned to invest up to $500 million in healthcare facilities focused on primary care, transitional care, ambulatory care and other specialties, while generating superior risk-adjusted returns for investors.
About Dedicated & ChenMed
For seniors most in need of care, high-quality health care too often is beyond reach. Dedicated Senior Medical Center – which currently operates 10 medical practices in Philadelphia, plus Bradenton, Clearwater, Jacksonville, Lakeland, Tampa, and St. Petersburg, Fla. – will, within months, further expand its Tampa Bay and Philadelphia presence. Part of the ChenMed family of companies, Dedicated brings concierge-style medicine – and better health outcomes – to the neediest populations. The value-based care provider serves seniors primarily with low-to moderate incomes, most 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 www.turnerimpact.com or @turnerimpact on Twitter.
ChenMed (Dedicated): James Brown, (305) 310-7214, firstname.lastname@example.org
Turner Impact Capital: Randy James, (310) 974-6684, email@example.com