Health Catalyst, a provider of data and analytics technology for healthcare organisations, has completed the acquisition of care management company Lumeon for an undisclosed sum.
Lumeon is a digital health company operating in both the US and the UK. The firm specialises in improving care coordination through automated care orchestration.
Health Catalyst financed the deal using a combination of stock and cash.
Healthcare providers in both the US and the UK utilise Lumeon’s Care Orchestration technology to reduce costs, optimise clinician and staff efficiency, enhance revenue, and boost quality and patient safety.
Lumeon CEO Robbie Hughes said: “By combining the Health Catalyst Ignite AI platform with our Care Orchestration technology, we will enable healthcare organisations to not only access data-driven insights at scale but now also automate the clinical actions needed to ensure those insights are translated into personalised care processes for patients and care teams, closing the loop for data-driven transformation and accelerating our shared flywheel further and faster than ever before.”
The acquisition will enable Health Catalyst to integrate the care management firm’s advanced platform with its advanced analytics, artificial intelligence (AI), and Health Catalyst Ignite data processing capabilities.
The business combination is expected to further enhance Health Catalyst’s focus on clinical improvement and ambulatory operations while supporting its Tech-Enabled Managed Services (TEMS) partnerships.
Additionally, the data and analytics technology provider anticipates that Lumeon’s presence in the UK will bolster its ability to expand and pursue new opportunities both within the region and in other international markets.
Health Catalyst CEO Dan Burton said: “We are excited to welcome the Lumeon team and work alongside them in support of our shared mission – to enable massive, measurable, data-informed healthcare improvement.
“Effective care management is an essential part of a patient’s clinical care journey, and the addition of Lumeon’s Care Orchestration to Health Catalyst’s existing technology and services offering will further enhance the analytics insights made available to providers seeking to transform clinical care.”
In addition, Health Catalyst expanded its partnership with longtime client South Dakota Health Link to improve the quality and effectiveness of healthcare in the Midwest region.
