Canadian health technology company PointClickCare has acquired Patient Pattern, a value-based electronic health record and integrated care management platform.
Patient Pattern works with Medicare Advantage Special Needs Plans, PACE programs, and ACO REACH participants.
Based in New York, the company offers Care Coach, a workflow management program that helps organizations manage billable and value-based care patients, and PDPM Coach, which helps with value-based care reimbursements.
PointClickCare focuses on elderly care, including the long-term and post-acute care market, and tThe company says the combined offerings will help providers roll out risk-bearing arrangements without having to use multiple platforms.
“As our clients 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 clients thrive in this evolving market, particularly the ability to thrive with this shift to risk,” said Travis Palmquist, senior vice president and general manager of elder care at PointClickCare, in a statement.
THE BIGGER TREND
PointClickCare has acquired several companies to expand its senior-focused portfolio, including QuickMar in 2019, an acute care management system. A year later, it announced the acquisition of Collective Medical, a cross-continuum platform for coordinated care.
In early 2022, the company will announced its plan to acquire healthcare IT company Audacious Inquiry, which offers multiple services focused on coordinating care. The deal closed one month later.
In October, PointClickCare launched Virtual Health, a telemedicine service for qualified care facilities that provides 24/7 access to hospital staff. It also announced a Partnership with Icona communication and engagement platform for senior communities.
A month later, the health technology company announced that it had signed a deal with the pharmaceutical giant Pfizer is sharing its real-world data on seniors, particularly those in long-term care facilities, which would help inform Pfizer’s decisions about new therapies.
Meanwhile, Patient Pattern raised $2 million in seed funding last March, bringing its total raise to $3.1 million. according to Crunchbase.
Aimee Cardwell will provide more details in her HIMSS23 session, “The Defender’s Advantage: Winning by Using the High Ground.” It is scheduled for Tuesday, April 18 at 3-4pm CT in the South Building, Level 4, in Room S406 B.