Canadian health tech company PointClickCare has acquired Patient Pattern, a value-based care electronic health record and integrated care management platform.
Patient Pattern works with Medicare Advantage Special Needs Plans, PACE programs and ACO REACH participants.
The New York-based company offers Care Coach, a workflow management program to help organizations manage fee-for-service and value-based care patients, and PDPM Coach, which assists with value-based care reimbursements.
PointClickCare focuses on elder care, including the long-term and post-acute care market, and the company says the combined offerings will help providers adopt risk-bearing arrangements without needing to use multiple platforms.
“As our customers continue to embrace value-based care and see the success of this model, we are excited to deploy Patient Pattern’s care management platform. Care models will continue to evolve, and this strategic investment is another example of our commitment to helping our customers thrive in this evolving market, specifically, the opportunity to succeed with this shift to risk,” Travis Palmquist, senior vice president and general manager of senior care at PointClickCare, said in a statement.
THE LARGER TREND
PointClickCare has acquired several companies to expand its senior-focused portfolio, including QuickMar in 2019, a post-acute care management system. A year later, it announced its acquisition of Collective Medical, a cross-continuum coordinated care platform.
In early 2022, the company announced its plan to acquire health IT company Audacious Inquiry, which offers several services focused on care coordination. The deal closed one month later.
In October, PointClickCare launched Virtual Health, a telemedicine service for skilled nursing facilities that offers 24/7 access to hospitalists. It also announced a partnership with Icon, a communication and engagement platform for senior communities.
A month later, the health tech company said it signed a deal with pharma giant Pfizer to share its real-world data on seniors, specifically those in long-term care facilities, which would help influence Pfizer’s decisions on new therapies.
Meanwhile, in March of last year, Patient Pattern garnered $2 million in seed funding, bringing its total raise to $3.1 million, according to Crunchbase.
Aimee Cardwell will offer more detail at her HIMSS23 session “The Defender’s Advantage: Winning by Using the High Ground.” It is scheduled for Tuesday, April 18, at 3-4 p.m. CT at the South Building, Level 4, in room S406 B.