Sharecare's new CEO praises CareLinx, At-House Care Capabilities
Sharecare CEO Brent Layton joined the corporate lower than two weeks in the past. He's already selling the corporate's post-acute care choices.
“The instruments Sharecare makes use of immediately, like CareLinx, give us the chance to actually make an affect on post-acute care,” Layton stated Wednesday on the JP Morgan Healthcare Convention. “To work with an MCO, to work with the federal government to get individuals discharged from hospital and to make sure that after they go dwelling, there’s a plan; the expertise exists with our suppliers and the property of Sharecare completely give me power for what we will do.”
Atlanta-based Sharecare (Nasdaq: SHCR) is a digital healthcare firm that helps individuals handle their healthcare wants.
The publicly traded firm acquired CareLinx in August 2021 for a purchase order value of $65 million. In its finish, CareLinx provides shoppers entry to each medical and non-medical dwelling care companies.
In October, Claritas Capital made a proposal to amass Sharecare, though nothing got here of the provide.
CareLinx has a community of roughly 450,000 healthcare suppliers and physicians, and works straight with payers, suppliers, employers and shoppers to ship dwelling care.
Along with CareLinx, Sharecare's enterprise portfolio contains digital therapeutic choices and the Sharecare+ advocacy answer, together with additional instruments for employers, well being plans, healthcare suppliers and others.
Since Sharecare acquired CareLinx, the latter has skilled vital development. In his first yr as CEO of Sharecare, Layton sees super alternative, particularly in the case of the position of expertise in how healthcare is delivered and accessed.
“What's occurring is that medical insurance on this nation is altering quickly,” he stated. “What hasn't stored up is the expertise. We completely consider we might be a part of that future as you begin to see the modifications in business medical insurance. These are alternatives that we will work on immediately to enhance and – extra importantly – put together for tomorrow.”
One of many greatest enterprise alternatives Sharecare will give attention to in 2024 and past is increasing its enterprise companions in markets the place it already has a presence.
Jeff Arnold, co-founder and govt chairman of Sharecare, stated early conversations with Layton opened his eyes to those new alternatives.
“On the supplier aspect, I had an 'aha second' working with Brent when he stated, 'Let me get this straight, you're getting paid to gather information,'” Arnold stated throughout the presentation. “It’s costly to gather information. We receives a commission over $100 million for that – after which we understand that our prospects are sometimes the biggest employers in any metropolis. So how will we cross-sell these hospitals to develop into enterprise prospects? Much like how we launched our supplier enterprise to our payers? So there are numerous alternatives for cross-selling.”
Sharecare will depend on flexibility and innovation to not solely construct stronger relationships with prospects, but additionally appeal to extra prospects, Layton stated.
“I consider the alternatives to assist and work with authorities are infinite for Sharecare,” stated Layton. “We’ve the expertise and the flexibleness to construct that for them. Throughout my eight days at work, I spent half of it speaking to hopeful new purchasers. I completely consider that our expertise, our flexibility and our scalability give us methods to offer options and a approach that we can assist individuals entry healthcare.”