Philips has acquired VitalHealth, a provider of cloud-based population health management solutions for the delivery of personalised care outside of the hospital. Headquartered in the Netherlands, a press release reports, VitalHealth’s products and services are being used by more than 100 healthcare networks in various countries including the USA, India, China, and the Netherlands.
According to the press release, VitalHealth was founded in 2006 by Mayo Clinic (USA) and Noaber Foundation (the Netherlands); it currently employs approximately 200 employees.
Carla Kriwet, chief business leader of the Connected Care & Health Informatics Businesses at Philips, comments: “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. 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.”
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.
“We are delighted and proud to become part of Philips. 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,” says Laurens van der Tang, chief executive officer of VitalHealth.