Sharecare, a digital health company that enables people to manage all their health in one place, acquired Visualize Health, a company that supports value-based healthcare.
The amount of the deal was not disclosed.
By integrating streamlined, insights-based actions into the clinician’s workflow to eliminate care gaps in individual patient journeys, Visualize Health’s cloud-based technology complements Sharecare’s comprehensive health and well-being platform, and positions the digital health company to enable payer and provider partners to succeed in value-based environments.
Led by Dr. Kenneth Persaud, CEO, Visualize Health integrates with all major electronic medical records and practice management systems to identify incomplete quality measures, gaps in care and deficiencies in documentation. With that, Visualize Health also serves providers recommended actions for each patient, including prescribed care measures across a broad array of conditions such as asthma/COPD, depression, diabetes and general preventative care and screening. Through previous acquisitions, Sharecare has integrated a range of capabilities and introduced new services to support providers’ workflows – including medical record management; quality, performance and risk-adjustment tools; and billing contract compliance – and demonstrated its ability to grow those revenue streams organically.
With Visualize Health, Sharecare is focused on bringing new products to its customer base and innovation to its medical records management business. As an established leader in consumer and patient engagement, Sharecare also will partner with physician practices using Visualize Health to offer the Sharecare app to patients so they can be empowered to manage their own health day-to-day between office visits, in particular for those who may benefit from treatment plans or disease management programs.
In parallel, Sharecare will use insights from Visualize Health to foster patient communication and engagement within the app.
Visualize Health will operate out of the Sharecare campus in Franklin, Tenn., which the company acquired with its purchase of Healthways in 2016. In addition to the Visualize Health business, Sharecare’s Franklin office also serves as a regional hub for its Health Data Services and Population Health divisions.
Led by Jeff Arnold, founder, chairman and CEO, Sharecare is a digital health company that helps people manage all their health in one place. The platform provides each person with a comprehensive and personalized health profile where they can dynamically connect to the information, evidence-based programs and health professionals they need. The system also helps providers, employers and health plans scale outcomes-based health and wellness solutions across their entire populations.