The Wound Company’s cover photo
The Wound Company

The Wound Company

Hospitals and Health Care

Minneapolis, MN 554 followers

The nation's leading provider of high quality wound care that is medically necessary and affordable.

About us

The Wound Company is the first value-based wound care company in the country. We've been recognized in Axios, Fast Company, Forbes, Home Health Care News, and Hospice News for our innovative combination of virtual and in-person care at home, ALF, SNF and outpatient facilities powered by analytics and our team of WOCNCB-certified NPs and RNs. Unlike the legacy wound care establishment that is notorious for overutilization and perverse incentives, The Wound Company focuses on what is medically necessary, earlier engagement and more frequent, expert touchpoints with patients and their caregivers. We work with health plans and risk-bearing providers nationwide to deliver higher quality wound care at significantly reduced cost.

Website
www.thewound.co
Industry
Hospitals and Health Care
Company size
11-50 employees
Headquarters
Minneapolis, MN
Type
Privately Held

Locations

Employees at The Wound Company

Updates

  • Must read The New York Times article that was just published on #wound care costs exploding because of skin substitutes. Our CEO Nima Ahmadi says it well: as a country we need better wound care regulations AND better wound care. We can't forget about the latter -- this is where The Wound Company comes in, supporting health care organizations nationwide to replace bad wound care with high quality, affordable and personalized wound care. In our model of care, skin substitutes are used rarely and only when medically necessary after the patient has been holistically managed and other approaches have been fully exhausted. We achieve industry leading healing rates and prevent wound-related hospitalizations on the most complicated wounds and challenging patients by delivering good wound care in-person and virtually as part of a larger, highly proactive team approach. #woundcare #wounds

    View profile for Nima Ahmadi

    Delivering Medically Necessary, High Quality & Affordable Wound Care to Millions of Americans. Patients > Perverse FFS Incentives.

    The New York Times just published a piece on skin substitutes ❗ , explaining how spending has soared on skin substitutes and wound care by billions of dollars in the last few years. "Medicare now spends more on [just some wound dressings] than on ambulance rides, anesthesia or CT scans" I want to see better payment policies and a rational reimbursement environment in wound care, but I don't believe we'll ever get to the right answer under fee-for-service where groups can inherently make more the longer patients are wounded, the bigger their wounds, and the more wounds they have, especially as our population ages rapidly, lives longer, and is more sick with conditions like diabetes. This problem is getting out of control. The unanswered issue remains what do you replace this bad wound care with immediately for millions of vulnerable seniors around the country? Most patients have limited trust in government healthcare or insurance companies. Regulations = taking care away. Without a better, more personalized, more affordable and more accessible wound care solution available to support the patients that they can trust immediately, gaps in care, healthcare inertia and underlying patient frustrations will contribute to inefficient actors remaining in place and costs continuing to spiral. We founded The Wound Company as the first (and only still) value-based wound care provider in the United States because we saw this cost trend coming long before the New York Times ever heard of skin substitutes or advanced wound dressings. There are systematic issues here on a massive scale that need systematic solutions, including better regulation and better care. https://lnkd.in/gCy_WcGm

  • The latest action by the DOJ in wound care further underscores the need to shift to a value-based model of wound care that does not reward providers for doing more procedures to wounds reactively. The problem is the fee-for-service wound care system. Contact us to learn more about how your patients can receive high quality, cost-effective wound care in their homes, facilities or your outpatient offices as part of a customized model of care that generates over 50% savings PMPM for risk-bearing providers and health plans. https://lnkd.in/gfsnX3Ts

  • We couldn't agree more with our CEO, Nima Ahmadi. The solution to the national wound care problem and unchecked use of skin substitutes Jeanne Pinder outlines so well in her article going viral is medically necessary, high quality and individualized wound care that focuses on prevention, early intervention and primary care coordination. Dozens of plans and providers have already partnered with The Wound Company successfully for a better path forward regardless of what regulatory changes happen (or don't). Let's fix this problem together!

    View profile for Nima Ahmadi

    Delivering Medically Necessary, High Quality & Affordable Wound Care to Millions of Americans. Patients > Perverse FFS Incentives.

    A must read article by journalist and TED Speaker Jeanne Pinder in ClearHealthCosts that summarizes the issue The Wound Company has been battling since its inception as the first (and still only) value-based wound care provider in the country. This is our raison d'etre. What I will emphasize is this: the solution to the problem of fraudulent, excessive and inappropriate wound care is providing patients, particularly vulnerable seniors, with good wound care, i.e. the right preventative skin integrity and early, responsive wound care under a framework of integrity, cost-effectiveness, and analytical personalization. Jeanne's article sheds light on some of the personalities out there who defend the inappropriate practices and fee-for-service payment structures, rationalizing their excessive use of skin substitutes to themselves. We see horrific examples of bad wound care nationally. This article just scratches the surface. Some folks don't even bother justifying or rationalizing to themselves... they're already off to the next opportunity to apply a skin substitute indiscriminately and submit a claim, sometimes going to see patients with the skin substitute manufacturing rep But there are others -- health plans and providers -- who are simply hoping 'this problem' just 'goes away' through some regulatory change. Wound care isn't going anywhere. There are more seniors ever year, higher levels of underlying metabolic disease and people are living longer -- the scale of the problem is only increasing and so are its costs, as quoted in this article, approximately ~$100 BILLION per year. The answers is value-based, high quality wound care that is closely integrated and coordinated with primary care and certified home care agencies. Period. No shortcuts. This means The Wound Company or risk bearing providers trying to reproduce our model themselves despite the costs, competency and infrastructure challenges. https://lnkd.in/ghMtUFV2

  • The Wound Company reposted this

    UOAA’s Virtual Ostomy Clinic provided by The Wound Company is approaching one year of bringing certified ostomy nurses to ostomates and their caregivers across the United States virtually. https://lnkd.in/gzySA3Hn The feedback from participants has been incredible and the Wound Company nurses are to be applauded for delivering a high quality of care with a personal touch. Learn more about this self-pay care option and please spread the word so more people have access to the quality ostomy care they need to thrive!

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  • Our Virtual Ostomy Clinic partnership with United Ostomy Associations of America (UOAA), Inc has been transformational for ostomates nationwide. We are frequently humbled by the resilience and courage of those we support through this program.

    We're so happy that the UOAA Virtual Ostomy Clinic is filling a need in the community. Check out this testimonial. "The nurses are super responsive. After speaking with the nurse the first time, she knew within minutes I was using the wrong system. She is amazing. I wish someone would have told me this when I first got my ileostomy in June of 2023. I went from changing my bag sometimes three times a day, I now get 4 days every time. The Wound Company nurse is very educated and compassionate. I would highly recommend this service. I now feel that I got my independence and life back!" https://lnkd.in/gzySA3Hn

  • Hospices are spending more annually on advanced wound care supplies that are not aligned to end-of-life needs of patients. Meanwhile mobile wound clinics are aggressively targeting dying hospice patients for unnecessary, painful debridements and skin substitute applications, billing Part B and driving up spend outside the hospice benefit. Wounds are part of the #hospice diagnosis and related to the underlying conditions. Hospices need to own and efficiently deliver the right wound care compliantly. But how? Don't miss Julie Roskamp 's talk at this year's National Hospice and Palliative Care Organization conference. **Wound Care Fraud: Protecting Vulnerable Patients Through Effective, Compliant Hospice Wound Care Programs** It will be available on-demand starting Monday through the end of Dec. Learn how to develop a robust internal wound care program that compliantly delivers high quality, end-of-life wound care for every patient.

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  • The Wound Company reposted this

    View profile for Julie Roskamp

    Chief Clinical Officer, The Wound Company

    I am honored to be presenting an On-Demand session titled "Wound Care Fraud: Protecting Vulnerable Patients through an Effective, Compliant Hospice Wound Care Program" at the upcoming NHPCO conference in Denver. This dynamic session is a must-attend for anyone providing services to hospice patients, whether you work in skilled nursing facilities, assisted living facilities, hospitals, homes, or residential settings. You'll gain critical insights on how to safeguard vulnerable patients and ensure compliance in your wound care programs. Don't miss this opportunity to elevate your practice and protect those in your care. Register now for the NHPCO conference and be part of a community dedicated to excellence in hospice care.

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  • Hospice work has never been more important. Wound care has also never been more challenging for the leading hospice agencies in the country as our population ages rapidly with higher levels of underlying metabolic disease, contributing to more complex wound care at the end of life. The Wound Company is proud to be one of the top three sponsors at this year's NHPCO conference. We look forward to meeting with new and existing partners in Denver in a few weeks. Reach out to connect.

  • Julie Roskamp is on 🔥 "In my 30 years of experience as a certified wound and ostomy nurse, I have witnessed trends in healthcare that prioritize financial incentives over standards of care. Procedures like debridement and the application of skin substitutes often follow the money rather than evidence-based practice" Read her latest article in McKnight's Home Care on how questionable practices by mobile wound clinics are negatively affecting certified #homecare agencies around the country today, and how these agencies can shield themselves from these risks while delivering better #woundcare to their patients. https://lnkd.in/gpznS76g

  • "In my experience as a certified wound care nurse, I've encountered cases where advanced wound care products were overutilized, with multiple expensive dressings and daily changes billed unnecessarily. Primary care providers, unfamiliar with palliative wound care standards, may unknowingly endorse aggressive treatments, further complicating the patient's end-of-life journey" Julie Roskamp, BS, RN, CWOCN, Head of Care Delivery discusses why so many vulnerable #hospice patients are receiving incorrect #woundcare at the end of life, and why they become targets of fraud, waste and abuse in our latest blog post. https://lnkd.in/gsdfDrue

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Funding

The Wound Company 1 total round

Last Round

Seed

US$ 4.3M

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