In a move designed to facilitate its expansion into the population health management business, health technology company Royal Philips is to acquire Wellcentive, a provider of population management software solutions.
Wellcentive helps care providers deliver coordinated care that meets healthcare quality requirements and reimbursement models.
Before the acquisition, Philips already offered enterprise telehealth, home monitoring, personal emergency response systems (PERS) and personal health services that address multiple groups within a population from intensive ambulatory care for high-risk patients to prevention and personal health programs for the general population.
The intensive ambulatory care (eIAC) program combines telehealth technologies and population health management software to help care teams monitor and coach patients at home.
Upon completion of the transaction, Wellcentive and its employees will become part of the population health management business group within Philips.
Tom Zajac, chief executive officer (CEO) of Wellcentive has been appointed to lead this business group.
Jeroen Tas, CEO of connected care and health informatics at Phillips, said: “With this strategic acquisition, we will strengthen our Population Health Management business and its leadership, as health systems gradually shift from volume to value-based care, and provide more preventative and chronic care services outside of the hospital.
“Our sweet spot is at the point of care as we give consumers, patients, care teams and clinicians the tools, such as remote monitoring solutions and therapy devices, to optimize care. Wellcentive’s solutions will provide our customers with the ability to collect data from large populations, detect patterns, assess risks and then deploy care programs tailored to the needs of specific groups.”
Zajac added: “Over the past 11 years, the Wellcentive team has focused on delivering data-driven clinical, financial, and human outcomes for our customers as they provide care management for more than 30 million patients.
“Combining forces with Philips and its broad portfolio of health technologies and global reach will create a great foundation to accelerate growth in connected care – from healthy living and prevention, to diagnosis, treatment and home care – enabling consumers, providers and health organizations to benefit from our combined, stronger offering in population health management.”
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