Best Doctors has acquired population health management company Rise Health. The acquisition, according to the press release, provides Best Doctors with data integration and advanced analytics capabilities to add to its care management platform and expand into new markets.
“For over 25 years, Best Doctors has been innovating to help employers and health plans ensure that their members combat medical uncertainty with access to the best medical minds,” said David Seligman, Chairman and CEO of Best Doctors. “With the acquisition of Rise Health and its robust software platform and application development team, we can take that medical excellence and turn actionable insight into personalized engagement to deliver the right care, leveraging Best Doctors’ global delivery model.”
Chicago-based Rise Health has built a comprehensive population health platform that develops intelligent, actionable data at a population level, and supports care delivery teams in taking action at the member level. The company provides tools to help payers and providers manage the transition from fee for service to value based care. Said tools include Ascend Enterprise Platform, Stratus Population Health Analytics application and Cirrus Patient Relationship Manager. Together with Rise Health, Best Doctors has the ability to reach across all market segments with a combined solution, offering analytic insights and medical expertise in an intimate consumer-centric experience.
Benefits of the acquisition include enhanced revenue streams from complementary products, new talent, extensive health care R&D, and rapid development capabilities of technical IP.Benefits of the acquisition include enhanced revenue streams from complementary products, new talent, extensive health care R&D, and rapid development capabilities of technical IP.
Best Doctors has the most recognized and trusted database representing the best 5% of physicians in over 450 specialties and subspecialties of medicine, as determined by impartial peer review and audited and certified by Gallup. The company continues to expand its portfolio of Fortune 500 clients and leading health plans, which represent some of the leading organizations in the nation when it comes to providing the right health solutions for their valued employees and members.
Terms of the deal were not disclosed. Financial advisor for Best Doctors was Childs Advisory and legal advisor was Wilson Sonsini Goodrich and Rosati.