en.Wedoany.com Reported - ChartSpan announced the acquisition of health data platform Validic, integrating the latter's connected device data capabilities with its care management services. The combined business will operate under the ChartSpan brand, offering clinical services, devices, and infrastructure support to healthcare clients.
The acquisition aims to support remote care management programs by connecting ChartSpan's care teams with Validic's technology for collecting patient-generated health data. ChartSpan stated that the new platform will cover scenarios such as chronic disease care management, advanced primary care management, and remote patient monitoring (RPM). The acquisition also brings ChartSpan a broader product portfolio, including Validic's health data API infrastructure, RPM software, device logistics, and support services. The product is designed to help care managers review and act on biomedical device data between patient visits, assisting healthcare organizations in identifying risks earlier, intervening proactively, and supporting patients with chronic or acute conditions before deterioration.
ChartSpan CEO Christine Hawkins stated that the acquisition will help healthcare organizations "shift from periodic observation to continuous understanding." Validic CEO Drew Schiller noted that some of the most important health indicators exist outside the clinic, and the partnership with ChartSpan "creates new opportunities for healthcare organizations to identify risks earlier, personalize interventions, and improve health outcomes." The transaction also expands ChartSpan's customer base from traditional care management users to health systems, digital health companies, payers, and life sciences organizations.
ChartSpan previously completed a $15 million Series A funding round led by BIP Capital in 2019, following early-stage venture investments of $16 million in 2017 and $3.2 million in 2016. Validic completed a $12 million funding round led by Kaiser Permanente Ventures in 2022, and according to previous reports from MobiHealthNews, the company raised $12.5 million in 2015, $5 million in 2014, and earlier seed funding included an investment from Mark Cuban.
Remote patient monitoring companies and healthcare organizations are building new care models around home data collection. Earlier this month, RxHealing, OpenLoop, and Tenovi launched a national pharmacy-driven RPM program to help independent pharmacies support chronic disease patients between doctor visits, combining community pharmacy relationships, virtual care infrastructure, and connected devices. Validic continues to expand its connected health and EHR workflow capabilities, integrating physical activity data from over 350 wearable devices into Epic and Oracle Health EHR clinical workflows in January, enabling healthcare providers to view data from devices such as Apple, Fitbit, Garmin, Google, Oura, Samsung, and Withings.
The acquisition comes as Medicare adds new payment pathways for care management. The Centers for Medicare & Medicaid Services (CMS) stated that advanced primary care management services are billable starting January 1, 2025, allowing eligible clinicians to receive monthly bundled payments for primary care management services rather than billing or tracking minutes for individual services. Chronic disease management remains a primary target for remote care companies. The Centers for Disease Control and Prevention (CDC) defines chronic diseases as conditions lasting at least one year and requiring ongoing medical attention or limiting daily activities. The agency states that chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States and major drivers of healthcare costs. Global chronic disease costs are projected to reach $47 trillion by 2030; by 2050, the population aged 60 and older will exceed 2.1 billion, accounting for over 21% of the global population.
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