#United States #Greenville, S.C. #Clinical Care #ChartSpan #Validic

ChartSpan Acquires Validic: Pioneering a New Era in Clinical Care

In a transformative move for the healthcare sector, ChartSpan, a renowned provider of care management services, has successfully acquired Validic, the leading platform for personal health data. This strategic partnership is set to redefine remote care management by integrating specialized clinical services with a comprehensive digital health platform. The collaboration aims to improve patient visibility and health outcomes while significantly lowering operational costs.

A New Direction in Healthcare

The merging of these two entities positions ChartSpan as a frontrunner in clinical services and infrastructure for data-driven care. With Validic's expertise in harnessing personal health data, ChartSpan is poised to enhance the effectiveness of remote health programs, such as Chronic Care Management (CCM) and Advanced Primary Care Management (APCM).

As ChartSpan's CEO, Christine Hawkins, expressed, the healthcare industry has typically made decisions based on intermittent snapshots of patient health. By combining Validic's infrastructure with ChartSpan's clinical services, healthcare organizations can move towards a model of continuous understanding of patient health. This innovative approach allows for early identification of risks, timely interventions, and ultimately, improved patient outcomes while managing costs more efficiently.

Enhancing Care Management

Historically, important patient health data often goes unnoticed between doctor visits. The new combined offering from ChartSpan aims to address this issue by bridging the data gap that exists in patient encounters. By integrating the existing workflows of CCM and APCM with Validic's device and data ecosystem, ChartSpan is set to transform the patient care experience from being reactive to proactive.

Healthcare organizations will benefit as well; the introduction of comprehensive Remote Patient Monitoring (RPM) will not only aid in reducing costs but also increase revenue by preventing unnecessary hospitalizations and emergency room visits. Patients, on the other hand, will enjoy a seamless clinical experience, continuing to engage with the familiar clinical team without disrupting existing workflows.

Expanding Horizons: A Wider Product Spectrum

Beyond just care management, the acquisition marks an expansion of ChartSpan's audience, allowing access to Validic's established products, including health data APIs and RPM software. This broadened product line empowers ChartSpan to cater to a more extensive range of healthcare clients, including health systems, digital health innovators, payers, and life sciences companies.

This comprehensive portfolio positions ChartSpan uniquely, enabling the company to adapt to various customer needs—whether it's serving as a complete clinical services partner, providing flexible data infrastructures to support in-house programs, or supplying the necessary logistics and devices for effective at-home patient care.

As these two organizations fuse their strengths, the capabilities to leverage patient-generated health data will enable more personalized and proactive care strategies. This partnership promises to enhance healthcare's responsiveness to patient needs, ensuring that interventions are tailored to improve health outcomes and ensure patient satisfaction.

Looking Forward

The acquisition of Validic by ChartSpan is a clear signal that the healthcare industry is evolving rapidly toward a more integrated, data-focused model. As ChartSpan expands its services and reach, the potential for improved patient outcomes and operational efficiencies stands to benefit both healthcare providers and patients alike. With innovations in connected health technologies and an emphasis on actionable insights, the future of care management looks promising.

Advisory Team

Oppenheimer & Co. Inc. served as financial advisors to Validic during this transaction, while BIP Capital was instrumental in financing ChartSpan's acquisition efforts, led by Managing Partner Mark Buffington and Principal RT Wyatt.

Conclusion

As ChartSpan and Validic embark on this new chapter, they lay the groundwork for revolutionizing patient care delivery. Their combined efforts exemplify a commitment to harnessing the power of health data for the benefit of both patients and healthcare systems, transforming clinical care into a dynamically informed and proactive arena.