Wellcentive

The firm specializes in providing cloud-based population health management and data analytic solutions. Its business model centers on enabling healthcare providers, health systems, employers, and payers to improve clinical and financial outcomes as they shift towards value-based reimbursement models. Wellcentive's solutions are designed to aggregate, analyze, and simplify complex clinical, claims, and financial data from various points of care. This empowers healthcare organizations to manage patient populations more effectively, identify care gaps, report on quality measures, and manage costs. The company serves a range of clients, primarily in the Hospital & Health Care industry, including large health systems and medical practices. Prior to its acquisition, Wellcentive had raised $18.5 million over four funding rounds, with its final Series B round in 2014 led by Summit Partners.

Wellcentive's core offering is a software-as-a-service (SaaS) platform, Wellcentive Advance, which provides a suite of tools for healthcare intelligence. This platform features capabilities for care management, clinical decision support, quality-based reimbursement, and analytics for reducing hospital readmissions. A key function of the platform is to provide actionable insights at the point of care, helping to coordinate care and manage chronic conditions. By analyzing data from large populations, the system can detect patterns, assess risks, and help deploy tailored care programs. After the acquisition by Philips, Wellcentive's applications were integrated into the Philips HealthSuite cloud, complementing Philips' existing portfolio of telehealth, home monitoring, and personal health services.