Symphony Corporation, a Madison, WI-based healthcare information technology company, today announced the acquisition of SymphonyCare, its population health and care management solution, by MEDSEEK, the provider of a comprehensive software platform to help hospitals and health systems influence patient behavior.
“After this acquisition, Symphony retains its core technology services business,” said Tom Carmona, Symphony’s Director of Sales and Marketing. “We will continue to expand our capabilities in healthcare analytics, big data, mobile health, and other technologies that improve patient care and boost efficiency among healthcare providers.” Over the coming months, MEDSEEK will integrate SymphonyCare’s population segmentation, risk stratification, care management workflow and quality reporting tools with MEDSEEK’s robust suite of health system marketing and digital patient engagement solutions, including the MEDSEEK Empower enterprise patient portal.
“There are many population health management tools on the market, but most lack the critical functionality to successfully engage patients,” said Peter Kuhn, MEDSEEK’s CEO. “While high-touch programs can be effective, high-tech strategies are the key to cost effectively changing patient behavior in a way that is meaningful in terms of reducing unnecessary hospital readmissions, improving medication and nutrition adherence, and eliminating gaps in care.” Kuhn continued, “At MEDSEEK, we are expanding our integrated patient influence platform to include all the capabilities critical to our customers who have enrolled in, or are experimenting with, emerging value-based payment models like the mandatory Medicare Hospital Readmission Reduction Program, the Medicare Shared Savings Program, or a Patient-Centered Medical Home.”
The acquisition expands MEDSEEK’s capabilities in the emerging population health and care management market, creating immediate opportunities for the company to offer an additional set of software and services to its customer base and emerging healthcare provider markets.
“This acquisition presents an opportunity for MEDSEEK to quickly align our proven patient engagement technology with new healthcare delivery requirements brought on by healthcare reform,” said Kyra Hagan, VP of Product Strategy at MEDSEEK. “We were looking to augment MEDSEEK’s existing patient-facing technology stack with a proven clinical analytics and business intelligence solution.” Hagan continued, “Our decision to acquire SymphonyCare was cemented by its powerful data integration, information delivery, and analysis capabilities. In particular, we were impressed by SymphonyCare’s robust semantic layer that enables users to navigate available data sources, ask their own questions of the data, and translate that data analysis into evidence-based, highly personalized, patient-centered care plans.”