What it’s worthwhile to know:

– Arcadia has acquired CareJourney®, a number one supplier of clinically related healthcare information and AI-powered insights.

– The deal strengthens Arcadia’s place as a trusted companion to main healthcare manufacturers reminiscent of Southwestern Well being Sources, Tandigm, Castell, Rush Well being and Beth Israel Lahey Well being.

– The acquisition grows Arcadia's buyer portfolio to almost 200, consisting of suppliers, payers, authorities companies and life science firms.

Revealing a wealth of healthcare information

The mixed entity presents a strong two-pronged method:

• Unparalleled information depth: Arcadia’s next-generation information platform and superior analytics will now be enriched with CareJourney’s complete value, high quality and benchmarking information. This huge dataset, derived from Medicare, Medicaid, Medicare Benefit and Industrial claims, contains greater than 300 million beneficiaries and a couple of million suppliers nationwide. This permits healthcare organizations to make data-driven choices on vital points reminiscent of navigating different fee fashions, increasing into new markets and creating profitable partnerships.
• Actionable insights for measurable outcomes: Arcadia's quick, scalable and interoperable platform offers the operational instruments wanted to show insights into motion. This enables organizations to optimize affected person care, enhance monetary efficiency and obtain their strategic targets.

Advantages for all healthcare stakeholders

This acquisition offers necessary advantages for a number of gamers in healthcare:

• Payers, suppliers and employers can leverage the capabilities of the mixed platform to realize a aggressive benefit. They will use superior analytics to benchmark efficiency, determine progress alternatives, and navigate the complexities of value-based care fashions.
• Arcadia prospects will profit from entry to further information sources for extra correct benchmarking, community modeling and analysis of progress methods.
• CareJourney Clients acquire entry to Arcadia's strong, quick information platform, together with workflow instruments that seamlessly join insights to actionable steps.

Wanting forward, CareJourney will function as CareJourney by Arcadia. Arcadia welcomes CareJourney's gifted workforce, with key appointments together with Aneesh Chopra as Chief Technique Officer, Dan Ross as President of CareJourney by Arcadia and Kevin Sheldon as Chief Working Officer. This mixed workforce of healthcare know-how innovators guarantees to unlock much more worth, drive steady product improvement and ship an distinctive buyer expertise.

“The transaction marks the start of a brand new progress chapter for our firm, with plans to enhance healthcare outcomes via data-driven insights and AI-driven instruments and to additional increase our supplier, payer and authorities sectors,” stated Michael Meucci , president and CEO of Arcadia. “Arcadia has dedicated to utilizing $125 million in funding from Vista Credit score Companions to speed up platform innovation, enterprise progress and management in healthcare information analytics. That's precisely what we've completed by launching a next-generation healthcare information platform, increasing our ecosystem of options and companions to drive innovation, and now buying CareJourney, a frontrunner in serving to organizations within the healthcare to thrive via actionable analytics and insights.”

Monetary particulars of the acquisition haven’t been disclosed.