Philips acquires Wellcentive for population health management technologies
Health IT vendor Royal Philips has signed an agreement to acquire Wellcentive, a population health management technology company.
In the realm of managing population health, Philips offers enterprise telehealth, home monitoring and personal emergency response systems, as well as personal health services designed to address multiple groups within a population, from intensive ambulatory care for high-risk patients to personal health programs for the general population.
Wellcentive complements Philips’ health IT portfolio with cloud-based IT systems to import, aggregate and analyze clinical, claims and financial data across hospital and health systems to help care providers deliver coordinated care that meets new healthcare quality requirements and reimbursement models, Philips said. Wellcentive’s applications will be integrated in the Philips HealthSuite cloud.
Wellcentive and its employees will become part of the Population Health Management business group within Philips, the vendors announced. Tom Zajac, CEO of Wellcentive, will be appointed to lead this business group.
“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,” said Jeroen Tas, Philips’ CEO of Connected Care and Health Informatics. “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.”
Over the last 11 years, Wellcentive has focused on delivering data-driven clinical and financial outcomes for its client healthcare organizations as its clients provide care management for more than 30 million patients, Zajac said.