Navihealth Acquires Rightcare SolutionsDecember 17, 2015
Navihealth Acquires Rightcare Solutions
-Company is a Leader in Post-Acute Decision Support and Referral Management Technology for Hospitals and Health Systems
-Transaction will strengthen naviHealth’s position as market leader in decision support for value-based care and discharge planning
-RightCare’s proven ROI for hospitals, proprietary decision support technology, and strong team will add immediate value
naviHealth, Inc., a Cardinal Health company, today announced the acquisition of RightCare Solutions, Inc., a healthcare decision support software service provider specializing in hospital discharge planning software and readmissions management. RightCare’s software is powered by proprietary, evidence-based decision-support technology developed in conjunction with the University of Pennsylvania School of Nursing.
RightCare licenses its proprietary software to hospitals and health systems to assess patients for post-acute care needs, determine risk of readmission, and coordinate patient discharges to high-quality post-acute care providers, with the ultimate goal of improving care transitions and health outcomes. The company also licenses its software to post-acute care providers, allowing them to save significant time and money in managing referrals from nearby hospitals by automating many of the burdensome administrative tasks involved in accepting referrals.
“As the evolution toward value-based care and new payment models continues to gain momentum, health systems are increasingly recognizing the need to embrace new technologies that can help achieve lower costs and improved patient outcomes. Moreover, the newly proposed CMS conditions of participation focused on quality and timeliness of discharge planning makes the acquisition of RightCare very strategic at this point in time,” said Clay Richards, naviHealth’s CEO. “RightCare has a proven track record of delivering technology solutions to hospitals that translate into real ROI. The combination of our post-acute decision support and clinical analytics with RightCare’s integrated discharge planning capabilities will further accelerate our ability to deliver a unique value proposition to health systems as they look to manage post-acute care in an evolving market. We see this as a perfect fit for our business goals and are extremely excited for what RightCare and its people can bring to naviHealth.”
naviHealth has grown rapidly since its founding and currently provides post-acute management solutions in 28 states. naviHealth pioneered a “high tech, high touch” model to manage post-acute care, matching local market clinicians with proprietary, best-in-class decision support technology and analytics. As health plans and providers increasingly enter into value-based reimbursement models, naviHealth has consistently delivered savings for its partners and improved patient outcomes. The company now serves nearly 2 million health plan members and over 75 hospitals and physician groups.
“naviHealth is a leader in value-based care and is highly regarded within the post-acute care management space as a first-mover and a pioneer in combining leading technology with top clinicians,” said Eric Heil, co-founder and CEO of RightCare. “In becoming part of naviHealth, RightCare’s ability to benefit patients by reducing readmissions and improving discharge management through a unique software-as-a-service model is furthered dramatically in a way that will bring enhanced value to the community of hospitals we serve. Additionally, becoming part of naviHealth will also enhance Cardinal Health’s post-acute platform, which is designed to support its health system partners succeeding in a value-based care environment.”
RightCare was founded in 2012 and is headquartered in the Philadelphia suburb of Horsham. It aims to revolutionize the discharge planning process by using evidence-based technology to empower nurses, discharge planners and case managers.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $103 billion health care services company that improves the cost-effectiveness of health care. Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers, clinical laboratories and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products and services to more than 100,000 locations each day and is also the industry-leading direct-to-home medical supplies distributor. The company is a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company operates the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #26 on the Fortune 500, Cardinal Health employs more than 36,000 people worldwide. More information about the company may be found at www.cardinalhealth.com and @CardinalHealth on Twitter.
naviHealth, a Cardinal Health company (NYSE: CAH), partners with health plans, health systems, physicians and post-acute providers to manage the entire continuum of post-acute care. The Company utilizes evidence-based protocols and technology-enabled services to optimize care and align all stakeholders. naviHealth has more than a decade of experience managing post-acute care under value-based models including CMS-sponsored bundled payment initiatives and Medicare Advantage risk arrangements. For more information, visit naviHealth’s website at www.naviHealth.us.
RightCare is a pioneering Philadelphia, PA-based healthcare technology company that helps hospitals and health systems reduce readmissions and optimize post-acute care delivery. Our RightCare software assesses risk and needs for all patients at admission, recommends the right level of post-acute care and applicable community-based services, and seamlessly refers and transitions critical information to the selected post-acute care providers. The company’s proprietary technology, Discharge Decision Support System (D2S2), which was developed through a decade of research conducted at the University of Pennsylvania School of Nursing, provides the most academic, innovative and predictive software for risk stratifying any patient at admission and utilizes evidence-based technology to optimize care transitions. Their healthcare software focuses on patient transitions using a proprietary algorithm that enables continuous point-of-care decision support, optimizes workflow, and dramatically improves post-acute care transitions.