Royal Philips a global leader in health technology, today announced that it has
acquired VitalHealth, a leading provider of cloud-based population
health management solutions for the delivery of personalized care
outside of the hospital, for example, in regional care networks.
Headquartered in the Netherlands, VitalHealth's products and services
are being used by more than 100 healthcare networks in various countries
including the US, India, China, Sweden, Germany, Belgium and the
Netherlands. The company was founded in 2006 by Mayo Clinic (US) and
Noaber Foundation (the Netherlands) and employs approximately 200
employees. Financial details of the transaction were not disclosed.
"This strategic acquisition complements our current offering in
population health management, and supports our commitment to deliver
integrated solutions for care providers and patients to improve people's
health," said Carla Kriwet, Chief Business Leader of the Connected Care
& Health Informatics Businesses at Royal Philips. "As a pioneer in
comprehensive population health management solutions, we are committed
to help drive business transformation for providers, health systems,
employers, and payers transitioning to value-based care. VitalHealth
will help us deliver on that commitment by strengthening our offering
for care coordination, outcome management and patient engagement."
"We are delighted and proud to become part of Philips," said Laurens van
der Tang, CEO of VitalHealth. "It will accelerate our mission to enable
better health for millions of people around the world. Our digital
health solutions are highly complementary to the ones that Philips
provides. Together, we have the potential to become the undisputed
global leader in population health management. This is a very positive
development for VitalHealth's customers and employees."
As care moves from the hospital to lower cost settings, including the
home, there is a need for a more holistic approach to healthcare.
Population health management is a proactive approach to improving health
and reducing costs for entire patient populations. It involves the
aggregation of patient data across multiple health IT sources, smart
analytics to understand the health needs of the population, navigation
and coordination of care within that population, and engagement with
each individual patient to improve both clinical and financial outcomes.
In line with its strategy to deliver integrated solutions across the
health continuum, from healthy living and prevention to diagnosis,
treatment and home care, Philips has been expanding its population
health management business.
Building on the acquisition of Wellcentive in 2016, Philips already
successfully offers health informatics to import, aggregate and analyze
clinical, claims and financial data across hospital and health systems.
Its offering also includes patient engagement programs involving
telehealth, personal emergency response and medication management.
VitalHealth has a successful portfolio of telehealth applications to
give patients the tools they need to play a more active role in their
own care. Additionally, VitalHealth has a care coordination platform
for care providers to integrate patient information across care
settings, and it has the capability to aggregate data from different
information systems to provide quick insights into the total population.
VitalHealth's offering will complement Philips Wellcentive's solution
to help improve patient outcomes, as the combined portfolios will enable
healthcare providers to better identify and manage high-risk, high-cost
patient populations. Moreover, VitalHealth's platform will strengthen
Philips’ HealthSuite digital platform, the company's digital enabler for
the next generation of connected health solutions.
Read more: Philips Expands its Population Health Management Business with the Acquisition of VitalHealth