What You Ought to Know:
– Service commerce platform EverCommerce acquires Dublin,
OH-based Updox, a healthcare communication platform for in-person and digital
care.
– The acquisition
expands EverCommerce’s well being companies portfolio and allows the businesses to
additional their shared objective of simplifying the enterprise of healthcare and
facilitating the expansion of healthcare practices.
As we speak, EverCommerce, a number one service commerce platform, accomplished the acquisition of Updox, a Dublin, OH-based full healthcare communication platform for in-person and digital care. The corporate will be part of EverCommerce’s portfolio of well being companies corporations, enabling it to supply prospects with sooner entry to extra merchandise, a broader suite of options, and extra sources.
The acquisition comes on the heels of a breakout 12 months for
digital care. Digital well being is on observe to hit over $12 billion in investments
by the tip of 2020 – the biggest funding 12 months for the sector but – and over 60
acquisitions by way of the tip of Q3, together with different telehealth breakouts like
Teladoc, which not too long ago accomplished its acquisition of Livongo in a deal valued
at over $18B.
Ship the Finest in Digital & In-Individual Care
Updox supplies next-generation digital care, affected person engagement, and workplace productiveness options that allow practices to cut back prices and drive income. Primarily based on growing demand for options that seamlessly work collectively to enhance observe effectivity and supply an interesting affected person expertise, Updox has constantly introduced new performance to market. Further options are deliberate for 2021.
Updox serves greater than 560,000 customers throughout healthcare practices, well being techniques and pharmacies, and greater than 210 million sufferers. Updox has skilled speedy development and adoption this 12 months, as healthcare suppliers sought to rapidly implement telehealth and different affected person engagement options that enabled them to amass new sufferers, function extra effectively, and interact their sufferers on account of the COVID-19 pandemic. In truth, Updox facilitated over 3.5 million telehealth visits since March and continues to help greater than 15,000 visits per day.
The EverCommerce well being companies portfolio features a
various mixture of options together with cloud-based medical billing, specialty EHR,
observe administration, RCM software program, lead era, advertising options and
retention companies for healthcare practices. With this acquisition,
EverCommerce will advance its mission to supply end-to-end mission-critical
options that allow healthcare practices to speed up development, streamline
operations and improve affected person retention.
“Now greater than ever, healthcare suppliers want a one-stop-shop to amass new sufferers, function extra effectively and interact their sufferers. In addition they want one single place to speak with sufferers the place they’re – on their cell phones,” stated Michael Morgan, president of Updox. “We’re thrilled to affix the EverCommerce group, which shares our imaginative and prescient for advancing healthcare. We sit up for accelerating revolutionary options that allow healthcare practices to extra successfully market to sufferers, simplify funds, and successfully work together with sufferers each in and out of doors the observe.”
Phrases of the deal weren’t disclosed.