Orma Health’s real-time clinical AI and RPM technologies will be integrated into ApolloMed’s existing solutions to serve its managed care populations
Orma Health offers real-time clinical AI platform. (Credit: fernando zhiminaicela from Pixabay.)
Apollo Medical Holdings, a technology-powered healthcare company, has acquired Orma Health, and Provider Growth Solutions (together Orma Health) for an undisclosed sum.
Orma Health offers a real-time clinical AI platform that feeds on data from multiple sources and deploys advanced risk-stratification models to identify patients for various clinical programmes.
The programmes include remote patient monitoring (RPM), mental health support, and chronic disease management, among others.
Also, the platform is integrated with Orma Health’s RPM ecosystem that comprises smart health devices and technology tools for managing patients’ health.
As part of the transaction, Orma Health co-founder and CEO Neil Ahuja will be appointed as Provider Solutions president.
Orma Health co-founder and chief technology officer Yubin Park will be appointed as ApolloMed chief analytics officer.
Yubin Park is expected to lead the development and integration of Orma Health’s AI-powered provider enablement technology into ApolloMed’s platform.
Ahuja said: “We are pleased to be joining ApolloMed, bringing Orma Health’s core competencies in developing innovative healthcare technologies that drive tangible outcomes for providers and their patients.
“ApolloMed has been a leading healthcare management company with a long history of successfully and profitably empowering physicians in the delivery of value-based care, making it the perfect partner for us.”
Park said: “We are thrilled that Orma Health is now a part of ApolloMed’s worthy mission of empowering providers in delivering high-quality care and improved outcomes for its members.”
ApolloMed is a physician-centric, risk-bearing healthcare firm that operates as an integrated healthcare delivery platform to help health providers deliver high-quality care at a low cost.
The company claims that its Centres for Medicare & Medicaid Services (CMS) Innovation Models were successful, based on its technology platform and value-based care experience.
The acquisition of Orma Health serves is expected to advance its end-to-end technology platform that helps providers in all CMS Innovation Models, including DCE, said ApolloMed.
As part of the acquisition, Orma Health’s real-time Clinical AI and RPM technologies will be integrated into ApolloMed’s existing solutions to serve its managed care populations.
The integration is expected to further enhance ApolloMed’s technology and analytics offering to its Medicare Advantage, Managed Medicaid, Commercial, and ACA members nationwide.
ApolloMed co-chief executive officer Brandon Sim said: “We are excited about integrating Orma Health’s business and technological capabilities with those of ApolloMed.
“We believe this acquisition will further differentiate ApolloMed’s technology platform and analytic capabilities while adding complementary lines of business to our operations that serve as business development opportunities.”