Vytalize Health, which provides value-based health care, agreed to acquire MedPilot, a digital health platform. The acquisition brings Vytalize an end-to-end consumer engagement capability to manage its 65,000 Medicare beneficiaries and $1 billion of medical spending. MedPilot’s proprietary engagement engine personalizes outreach based on various consumer characteristics and then uses machine learning to optimize communications between the health care professional and consumer. The transaction has been approved by both companies’ Boards of Directors subject to shareholder approval and is expected to close in the spring of 2021. Financial details have not been disclosed.
Following the acquisition, more than 35 MedPilot employees will join Vytalize Health. MedPilot’s founders will also join Vytalize’s senior executive leadership team. These include: Jacob Myers, chief executive officer, will join Vytalize as chief innovation officer; Nathan Spoden, chief operating officer, will become Vytalize’s chief product officer; and Matt Buder Shapiro, chief marketing officer, will retain his title.
In 2020, Vytalize created an Innovation Lab to attract and deploy digital health solutions in a value-based environment. MedPilot’s acquisition marks a significant success for the Vytalize Innovation Lab. It delivers on its promise to enable technology partners to deploy quickly across Medicare beneficiaries through the Vytalize Health vertically integrated accountable care organization (ACO), virtual medical practice, and platform. The company continues to build its next generation of functionality that will enable Vytalize to engage consumers further and ensure they receive extraordinary and comprehensive care.
Vytalize Health partners with independent provider organizations in value-based care arrangements for Medicare beneficiaries. The company combines a Medicare ACO, virtual physician offices, and a digital health platform to equip its network of physicians to care for consumers and stay ahead in a rapidly changing health care system. The company works with over 600 provider organizations across 14 states and manages more than $1 billion in medical spending.
MedPilot is a patient financial engagement platform that helps consumers better understand and resolve their medical expenses. The platform personalizes outreach and uses machine learning to optimize based on the person’s interactions.
This was reported by Vytalize Health on February 19, 2021.