This week, healthcare information platform Arcadia made an acquisition that CEO Michael Meucci stated will give the Boston-based firm the information it wants to supply its prospects a extra complete suite of precious healthcare expertise.

The corporate acquired Arlington, Virginia-based CareJourney, a well being analytics firm designed to facilitate participation in value-based healthcare contracts.

The acquisition comes six months after Arcadia bought its value-based healthcare division to Guidehealth. By means of the 2 offers, Arcadia is sharpening its concentrate on offering the fitting information and expertise to allow value-based care, reasonably than being energetic in each the expertise and providers sides of value-based care, Meucci stated.

The brand new merger combines Arcadia’s information platform, analytics and workflow instruments with CareJourney’s wealth of price, high quality and benchmarking information. CareJourney’s dataset is derived from claims information from Medicare, Medicaid, Medicare Benefit and business plans, representing greater than 300 million beneficiaries and greater than 2 million suppliers nationwide.

“To simplify it, [Arcadia] has an incredible information platform and lots of good information engineers. When prospects purchase Arcadia, they purchase us to place their information into our platform. CareJourney has a bunch of actually good information scientists – they don't do so much with customer-specific information, however they’ve entry to CMS's innovation information house, the place they create actually attention-grabbing insights, on issues like particular person areas and markets or particular person supplier efficiency,” Meucci defined.

By combining these two corporations, Arcadia will be capable of supply a greater suite of merchandise round “the unified imaginative and prescient of utilizing information to rework the best way we ship care,” he added.

He additionally stated the merger will assist Arcadia differentiate itself from rivals corresponding to Datavant, Innovaccer and Well being Catalyst.

“Analytics is often true [Arcadia] is the strongest. Our analytics fashions are among the many greatest in the marketplace, and CareJourney is enhancing that even additional. So we need to proceed to develop them additional to strengthen differentiation for patrons,” says Meucci.

On account of the acquisition, Arcadia now owns all of CareJourney’s merchandise and prospects, and the merchandise have been rebranded as “CareJourney by Arcadia,” he defined. He stated it’s probably that the 2 entities will mix their merchandise sooner or later and combine them beneath one model.

At the moment, the 2 entities share a couple of dozen overlapping prospects, together with Windfall and Rush College System for Well being, Meucci added.

The deal additionally resulted in some management adjustments, probably the most notable of which is that Aneesh Chopra — president and co-founder of CareJourney, who additionally served because the federal authorities's first-ever Chief Know-how Officer — is now Arcadia's Chief Technique Officer.

Picture: Natee Meepian, Getty Photographs