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08 March 2024

Daily Newsletter

08 March 2024

Carenet Health plans to acquire healthcare company Health Dialog

The deal will give Carenet access to Health Dialog's assets, including its clinical staff and population health programmes.

Vishnu Priya N March 07 2024

US-based healthcare company Carenet Health has announced plans to acquire clinical decision support services provider Health Dialog to bolster its clinical team and advance its healthcare insights-driven platform.

The acquisition will give Carenet access to a combined platform, analytics and clinical experts, through which the company would aim to improve efficiency and financial performance for its clients.

Health Dialog offers tailored population health services to various stakeholders in the healthcare sector, including health plans, providers, employers and pharmaceutical manufacturers.

Its services are designed to enhance wellness while cutting down healthcare expenditures and enhancing performance on crucial quality measures, such as those from the US National Committee for Quality Assurance's Healthcare Effectiveness Data and Information Set (NCQA's HEDIS) and the Centers for Medicare & Medicaid Services' Stars ratings.

The company is a wholly owned subsidiary of Rite Aid, a pharmaceutical chain based in Pennsylvania.

Carenet CEO John Erwin said: “Health Dialog has long been renowned for the quality and commitment of its team as well as the depth of its analytics and insights.

“Centering on the doctor and patient relationship helps ensure more informed choices and better health outcomes.

“We look forward to welcoming the incredible Health Dialog team of clinical experts to the Carenet family.”

As part of the acquisition, Carenet will also gain access to Health Dialog's assets such as its clinical staff, population health programmes, and suite of data analytics and modelling capabilities.

Health Dialog's multi-channel coaching platform, shared decision-making tools and 24/7 nurse line are among the capabilities that Carenet will integrate into its offerings.

Carenet president Mick Mazour said: “The commitment Health Dialog has to improving care through intelligent, data-driven insights and empathy aligns perfectly with our Carenet values.

“Integrating Health Dialog’s offerings into the full Carenet portfolio will lead to advanced business outcomes for our clients and better care for their members, patients and customers.”

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