Healthcare knowledge platform firm Arcadia has acquired CareJourney, a supplier of healthcare knowledge and AI-powered analytics to assist organizations’ value-based care journeys.
The deal is designed to ship on Boston-based Arcadia’s imaginative and prescient of constructing an interoperable knowledge platform that accelerates and sustains healthcare transformation. With the acquisition, Arcadia’s portfolio of supplier, payer, authorities, and life science clients totals practically 200.
“The transaction marks the start of a brand new chapter of progress for our enterprise, with plans to enhance healthcare outcomes by means of data-driven insights and AI-driven instruments and increase additional our supplier, payer, and authorities sectors,” stated Michael Meucci, president and CEO of Arcadia, in an announcement. “Arcadia dedicated to utilizing $125 million in financing from Vista Credit score Companions to speed up platform innovation, firm progress, and management in healthcare knowledge analytics. We did precisely that by launching a next-generation knowledge platform for healthcare, increasing our ecosystem of options and companions to drive innovation, and now buying CareJourney, a frontrunner in serving to healthcare organizations thrive by means of actionable analytics and insights.”
“Reaching near-universal accountable care by 2030 requires actionable insights at each vital second in care supply,” stated Aneesh Chopra, president of CareJourney and former U.S. chief know-how officer, in an announcement. “By merging CareJourney’s superior knowledge science with Arcadia’s knowledge engineering and operational instruments, we’ll equip suppliers and payers with the instruments to handle prices, construct high-performing networks, and excel in value-based care.”
Going ahead, CareJourney will turn into CareJourney by Arcadia and Chopra will turn into chief technique officer of Arcadia.
Arcadia stated the acquisition blends its healthcare knowledge platform, proprietary analytics, and workflow instruments with CareJourney’s value, high quality, and benchmark knowledge. CareJourney derives analytics from Medicare, Medicaid, Medicare Benefit, and business claims knowledge throughout greater than 300 million beneficiaries and over 2 million suppliers nationwide. Payers, suppliers, and employers use these insights to speed up progress and enhance efficiency.
With the combination of CareJourney, Arcadia stated it might assist healthcare organizations achieve two methods. First, delivering an expanded breadth of information to gasoline superior analytics that assist organizations form their methods and deal with what issues — like navigating various fee fashions, market growth, and new partnership fashions. Second, a quick, scalable, and interoperable platform with the operational instruments required to behave and execute alternatives to enhance affected person and monetary outcomes.
Arcadia described the advantages of the acquisition this manner: For Arcadia clients, the acquisition will present entry to extra knowledge sources for enhanced benchmarking, community efficiency modeling, and evaluating progress methods. For CareJourney clients, the combination will provide a sturdy healthcare knowledge platform with enhanced velocity, reliability, and scalability, in addition to workflow tooling to attach insights to motion.
Arcadia’s clients embody Southwestern Well being Assets, Tandigm, Castell, Rush Well being, and Beth Israel Lahey Well being.
“As our well being system matures our strategy to value-based care, I am delighted to see two of our most trusted knowledge platform companions coming collectively,” stated Omar Lateef, D.O., president and CEO of Rush College System for Well being and Rush College Medical Middle, in an announcement. “We’ll profit from their collaborative strategy to know learn how to develop responsibly and execute extra exactly.”
