Affected person engagement platform Relatient is merging with Radix Well being, maker of affected person entry and engagement instruments. The announcement coincides with Relatient’s information of a $100 million progress fairness capital from Brighton Park Capital and its associates.
As a part of the deal, Radix Well being will add Relatient’s affected person entry instruments to its present choices. Radix Well being developed instruments which are in a position to assist sufferers discover suppliers of their space, schedule in-office or digital visits, acquire copays, give appointment reminders, and ping sufferers when an earlier appointment opens up and register for the go to.
Throughout the go to, the tech was designed to assist with check-ins and patient-reported outcomes. After the go to, the instrument is ready to ship a affected person satisfaction survey and collect longitudinal scientific information.
In the meantime, Relatient has additionally been working within the affected person engagement house. The corporate offers appointment reminders and e-registration. The corporate additionally developed two-way broadcast messaging, a operate to launch well being campaigns and self-scheduling instruments.
“Radix Well being has constructed an revolutionary product and robust buyer base, far past what else we now have seen available in the market for affected person entry and schedule optimization,” stated Michele Perry, CEO of Relatient. “Collectively, we now have a strong platform answer for a market trying to transfer past first-generation affected person communication techniques to drive larger worth by way of interactions and ease of entry to healthcare.”
WHY IT MATTERS
This represents one more M&A within the digital well being world. In 2020, MobiHealthNews reported on a whopping 64 digital well being M&As.
That development is holding sturdy in 2021. Actually, Rock Well being just lately reported that within the first half of 2021 there have been 131 digital well being M&A offers with a median of twenty-two offers every month. The Rock Well being report stated 2021 is “on tempo to set a 1.8x year-over-year enhance in M&A offers relative to 2020.”
THE LARGER TREND
Radix Well being made headlines just lately when it launched a brand new product aimed toward serving to doctor practices and hospitals bolster communication and scheduling as they roll out the COVID-19 vaccines at a number of places.
On the whole, affected person engagement initiatives have gotten extra digital lately. Actually, in 2020 Google teamed up with the HHS Company for Healthcare Analysis and High quality (AHRQ) to pilot a web-based instrument that helps sufferers construct a go to plan for his or her upcoming healthcare go to.