InHome Therapy Capitalizes on Shift to Home-Based Care
A little over a year ago InHome Therapy CEO Matt Murphy set out to “rule the world” of home-based therapy. Incrementally, he’s doing just that. The Chicago-based firm’s recent acquisition of Florida-based Contract Therapy Services will expand its footprint in the Sunshine State and provide new access to patients in a fifth state, California.
As the former president and CEO of Griswold Home Care, Murphy saw an opportunity to move more therapy into the home. A $2.5 billion investment from private equity firm NewSpring Healthcare launched InHome Therapy in early 2021 and by the end of this year the company plans to double the number of therapists on its payroll from 300 to 600.
“More and more care is shifting into the home and it’s absolutely the place where patients want to receive care, so therapy fits really well with that,” Murphy told McKnight’s Home Care Daily Pulse. “Therapists can achieve better results in the home because the patient is happier there.”
InHome Therapy provides physical, occupational and speech therapy services. The company partners with home health agencies and acts as a staffing source for therapists. The platform is also helping home health agencies and therapists mitigate current higher fuel costs by scheduling clients in closer proximity to each other.
Murphy said by using InHome Therapy, home health agencies can focus on client healthcare and sourcing nurses. The model allows therapists to work independently, while also having a support system of other therapists.
“What we want to provide around those experiences is a community of therapists, a place to have colleagues, a place to get training, mentoring and be recognized for the heroic work that you are doing and the results that you’re getting with patients,” Murphy explained.
InHome Therapy will continue to broaden its footprint this year, with expansion plans slated for Indiana and New Jersey.