California-based healthcare information and analytics firm Reveleer has acquired Novillus, which gives a workflow platform for well being plans.
Reveleer, previously Well being Information Imaginative and prescient, supplies an AI-enabled platform for payers aimed toward advancing value-based care. The corporate gives workflow, information and analytics instruments for threat adjustment, high quality enchancment and member administration. It additionally supplies medical document retrieval and assessment providers.
Novillus is a workflow engine for payers that focuses on care hole administration and workflow processing. The corporate additionally gives a supplier listing information platform.
Reveleer will use Novillus’ expertise to increase its scientific intelligence instruments in value-based care and permit for collaboration between well being plans and suppliers.
“By buying Novillus, we’re accelerating our technique of aligning payers and suppliers to enhance well being outcomes by way of sooner care hole closure,” Jay Ackerman, CEO of Reveleer, mentioned in an announcement.
“This acquisition strengthens our platform’s capability to ship unmatched AI-powered high quality and scientific intelligence options, whereas serving to our clients not solely meet, however exceed their targets for Star Ranking efficiency, threat adjustment accuracy, and care hole closure. All are key areas that drive improved affected person outcomes, cut back price of care, and enhance monetary success.”
THE LARGER TREND
Final yr, Reveleer secured greater than $65 million in a funding spherical led by Hercules Capital.
In 2021, the corporate raised $65 million in a spherical led by Oak HC/FT with participation from earlier buyers Boston Millennia Companions and Upfront Ventures.
In 2023, Reveleer acquired MDPortals, a threat adjustment platform that compiles affected person information from various sources throughout the care continuum right into a unified longitudinal well being document. The acquisition allowed Reveleer to combine this functionality into its present platform.
A yr earlier than, Reveleer acquired Dynamic Healthcare Techniques, which offered an built-in workflow platform centered on member administration, income optimization and threat administration. Dynamic supported well being plans concerned in Medicare standalone plans, Medicare Benefit, and Medicaid and Alternate applications.
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