WellBe Senior Medical

What WellBe Senior Medical does

WellBe Senior Medical is a Chicago-based, privately held in-home medical group founded in 2019 by Dr. Jeffrey Kang that delivers full-risk, value-based care to Medicare Advantage members with complex and chronic conditions across nine U.S. states. The company operates a payor-agnostic B2B2C model in which it contracts with Medicare Advantage health plans — including Aetna, Clover Health, Excellus BlueCross BlueShield, Univera Healthcare, Medical Mutual, UPMC Health Plan, and Security Health Plan — to provide in-home primary care, 24/7 nurse hotline access, mobile urgent care (via QuikMedic), telehealth, behavioral health, post-hospitalization transition support, and medication management to over 120,000 attributed members managing over $2 billion in premiums.

The company's technology stack is built around EHR integration with health plan systems, AI-assisted clinical documentation, and population health management platforms that enable risk stratification and care coordination for polychronic seniors. Services are delivered by multidisciplinary provider teams including physicians, nurse practitioners, behavioral health clinicians, and care managers operating under capitated full-risk contracts in which WellBe bears financial responsibility for the total medical cost of attributed members and earns savings when costs are managed below premium revenue while quality benchmarks are met.

WellBe's go-to-market relies on enterprise partnerships with Medicare Advantage plans, supplemented by direct patient self-service via its website and phone channels; three of its health plan partners — CVS Health Ventures, Excellus BlueCross BlueShield, and Intermountain Ventures — are also equity investors, embedding the company inside partner workflows. The company holds NCQA Certification and achieved the highest 5-Star status in CMS Medicare Star Ratings in February 2026, and is led by a leadership team drawn from Optum, Landmark Health (acquired by Optum for $3.5 billion in 2021), ChenMed, CMS, Cigna, and Walgreens.

Name

WellBe Senior Medical

Legal name

WellBe Senior Medical

Website

https://wellbe.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

WellBe Senior Medical is a Chicago-based, in-home medical group that delivers full-risk, value-based care to over 120,000 Medicare Advantage members with complex chronic conditions across nine U.S. states through partnerships with health plans.

Ownership category

akta.pro rank

Product category

Home-Based Geriatric Medical Care

NAICS

Home Health Care Services (621610), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Home Health Care Services (8082), Services-Skilled Nursing Care Facilities (8051)

akta.pro primary industry

Skilled Home Health (Medicare-Certified) Agencies (HLAFAEAA)

akta.pro secondary industries

Medicare-Certified Skilled Home Health Agencies (HHA) (HLADAFAA), General Medical Virtual Primary Care (Payer-Branded) (HLALACAA), Home & Community-Based Services (HCBS) Coordination & Case Management (HSABAIAM)

Keywords

• In-home medical care
• Medicare Advantage services
• Value-based geriatric care
• Home-based primary care
• Chronic care management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Medicare Advantage Value-Based Care Contracts: WellBe generates revenue through full-risk value-based care contracts with Medicare Advantage health plans. The company manages premiums for complex senior populations and bears financial responsibility for medical costs, earning savings when costs are managed effectively while meeting quality metrics.
2. Premium Management: WellBe manages over $2 billion in premiums across their member base, utilizing full-risk arrangements where they receive capitated payments to cover all medical care for attributed Medicare Advantage members.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

WellBe Senior Medical is a payor-agnostic, full-risk in-home medical group that delivers primary, preventive, urgent, mental health, and post-hospitalization care directly to Medicare Advantage seniors in their homes. It operates through contracted partnerships with Medicare Advantage health plans (e.g., Aetna, Clover Health, Excellus BCBS), serving attributed plan members at no additional cost beyond standard coverage.

Product overview

WellBe Senior Medical is a payor-agnostic, in-home value-based care provider delivering comprehensive medical and mental health services to Medicare Advantage populations across nine states. The company operates as a single integrated care platform organized around in-home medical visits as the core delivery mechanism, supplemented by 24/7 provider hotline access, mobile urgent care (via QuikMedic partnership), telehealth virtual visits, mental health services, post-hospitalization transition care, and medication management — all coordinated through multidisciplinary care teams and delivered in partnership with health plans rather than directly to individual consumers.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 120,000 patients served across 8 states as of April 2026
• +1 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• QuikMediccoreStrategic or Co-development Partner · 9 April 2024QuikMedic provides 24/7 mobile urgent care services through a partnership with WellBe. The partnership is expanding nationally as WellBe enters new markets, offering urgent care capabilities alongside WellBe's primary in-home medical visits.
• The Oncology InstitutesupportingStrategic or Co-development Partner · 25 January 2024WellBe partnered with The Oncology Institute to enhance care capabilities for members living with cancer. The partnership provides added care and resources to patients and families to help mitigate burdens during cancer treatment episodes.
• Clover HealthcoreChannel Partner/ Reseller/ Distributor · 7 November 2023WellBe and Clover Health partnered to bring in-home medical care to Clover Health's Medicare Advantage members in Atlanta and across rural Georgia, treating patients while keeping them comfortable at home.
• Leverage HealthcoreStrategic or Co-development PartnerLeverage Health is a market-leading venture catalyst in healthcare strategy and business development, providing strategic advisory and business development support based on unique industry experience. Founded by Richard Lungen, who serves as an advisor to WellBe.
• Santa Barbara ActuariessupportingStrategic or Co-development PartnerSanta Barbara Actuaries is an actuarial and data science healthcare consulting firm specializing in advanced statistical analytics, predictive modeling, and outcomes evaluation. SBA supports WellBe with patient identification and program optimization from an economic perspective.
• AetnacoreChannel Partner/ Reseller/ DistributorAetna and WellBe collaborate to bring home-based medical care to Medicare Advantage members, allowing eligible members to receive in-home medical services through their existing Aetna benefits.
• Excellus BlueCross BlueShieldcoreChannel Partner/ Reseller/ DistributorExcellus BCBS and WellBe collaborate through a multi-year partnership to bring care directly to the homes of vulnerable Medicare Advantage members, with approximately 30,000 eligible members in upstate New York.
• UPMC Health PlansupportingChannel Partner/ Reseller/ DistributorWellBe partners with UPMC Health Plan to provide in-home medical care for eligible Medicare Advantage members in Wisconsin.
• Security Health PlansupportingChannel Partner/ Reseller/ DistributorWellBe partners with Security Health Plan to serve eligible Medicare Advantage members in Georgia, providing complete in-home medical and mental health care.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ChenMed: ChenMed is a value-based, full-risk primary care group serving low-to-moderate income seniors - many in a home-based or near-home setting - and was led by WellBe CEO Dr. Jeffrey Kang prior to founding WellBe. Highly comparable care model, MA target population, and full-risk economics.
• InnovAge: InnovAge is a PACE provider serving frail, dual-eligible seniors with in-home and community-based care under full-risk capitation. It is one of the few scaled, value-based senior care models operating under capitated Medicare/Medicaid arrangements similar to WellBe.
• Landmark Health (Optum at Home): Landmark is the prototype in-home, full-risk medical group for complex Medicare Advantage seniors - co-founded by WellBe President Dr. Michael Le and acquired by Optum for $3.5B in 2021. It is WellBe's most direct operational and competitive model, now operating as Optum at Home across 30 states.
• Oak Street Health (CVS Health): Oak Street operates a value-based primary care platform for Medicare beneficiaries, acquired by CVS Health in 2023 for ~$10.6B. It is a direct competitor to WellBe's risk-bearing care model and a fellow portfolio-style asset of WellBe investor CVS Health Ventures.
• P3 Health Partners: P3 Health Partners is a value-based, full-risk medical group operating in multiple states under MA capitation contracts. It targets complex, chronically ill seniors in a manner directly analogous to WellBe's in-home, payor-agnostic model.
• WelbeHealth: WelbeHealth is the country's fastest-growing PACE organization, delivering comprehensive care for dual-eligible seniors including in-home services. WellBe's President Dr. Michael Le was previously CMO at WelbeHealth, making it a close care-model peer.
• Iora Health (Amazon One Medical): Iora Health pioneered value-based primary care for Medicare patients and was acquired by One Medical/Amazon. Operates a relationship-driven, risk-bearing senior care model with geographic concentration, directly comparable to WellBe's payer-attributed MA approach.

Emerging players

• Signify Health (CVS Health): Signify Health provides in-home health evaluations, risk-adjustment services, and care management for MA plans - acquired by CVS Health in 2023. It is a partial-overlap competitor and fellow asset in the CVS Health Ventures/Health ecosystem.
• DispatchHealth: DispatchHealth delivers in-home, on-demand urgent and acute care - including hospital-at-home programs - for seniors and MA members, often in partnership with health systems and plans. Its mobile urgent-care model overlaps with WellBe's QuikMedic partnership offering and in-home acute services.

Broad incumbents

• CenterWell (Humana): CenterWell is Humana's value-based care platform combining primary care clinics, senior-focused pharmacy, and home health services. It is a broader incumbent offering overlapping capabilities (home-based senior care, MA contracting) at significantly larger scale than WellBe.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/wellbesm
• YouTubeyoutube.com/channel/wellbesenior
• Facebookfacebook.com/WellBeSeniorMedical
• LinkedInlinkedin.com/company/wellbeseniormedical

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WellBe Senior Medical