California-based healthcare information and analytics firm Reveleer has acquired Novillus, which presents a workflow platform for well being plans.
Reveleer, previously Well being Knowledge Imaginative and prescient, supplies an AI-enabled platform for payers aimed toward advancing value-based care. The corporate presents workflow, information and analytics instruments for threat adjustment, high quality enchancment and member administration. It additionally supplies medical document retrieval and evaluate providers.
Novillus is a workflow engine for payers that focuses on care hole administration and workflow processing. The corporate additionally presents a supplier listing information platform.
Reveleer will use Novillus’ know-how to broaden 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 via quicker 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 prospects not solely meet, however exceed their targets for Star Score efficiency, threat adjustment accuracy, and care hole closure. All are key areas that drive improved affected person outcomes, scale 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 traders Boston Millennia Companions and Upfront Ventures.
In 2023, Reveleer acquired MDPortals, a threat adjustment platform that compiles affected person information from numerous sources throughout the care continuum right into a unified longitudinal well being document. The acquisition allowed Reveleer to combine this functionality into its current platform.
A yr earlier than, Reveleer acquired Dynamic Healthcare Techniques, which supplied 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 Change applications.
