Philips Acquires Wellcentive to Expand Population Health Portfolio

Royal Philips (Amsterdam, Netherlands) has acquired Wellcentive (Alpharetta, GA, USA), which provides population health management software solutions.

Philips currently provides enterprise telehealth, home monitoring, personal emergency response systems (PERS) and personal health services to address multiple groups within a population from intensive ambulatory care (eIAC) for high-risk patients to prevention and personal health programs for the general population. Philips’ eIAC program combines telehealth technologies and population health management software to help care teams monitor and coach patients at home. The program aims to improve patient outcomes, care team efficiency, and prevent patients from entering the hospital, where costs are significantly higher.

Wellcentive offers cloud-based IT solutions to import, aggregate and analyze clinical, claims and financial data across hospital and health systems to help care providers deliver coordinated care that meet the latest healthcare quality requirements and reimbursement models. Wellcentive’s applications will be integrated in the Philips HealthSuite cloud, the company’s digital enabler for the next generation of connected health solutions.

“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 Connected Care & 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 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,” said Tom Zajac, CEO of Wellcentive. “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.”

Related Links:
Royal Philips
Wellcentive