WellSky aims to incorporate TapCloud’s platform into its healthcare technology solutions, as well as plans to expand its clinical dataset with the addition of TapCloud’s patient-generated data to develop new models to help providers, payers and other risk-bearing entities to efficiently predict patient risk factors and deploy interventions
TapCloud supports patients, caregivers, and clinicians communicate critical information in real-time. (Credit: valelopardo from Pixabay)
Healthcare technology firm WellSky has agreed to acquire virtual patient engagement technology company TapCloud for an undisclosed sum.
For enhanced health outcomes, TapCloud supports patients, caregivers, and clinicians communicate critical information in real-time.
TapCloud offers interoperable and AI-driven platform, which delivers real-time and patient-generated insights to help providers deploy care interventions to minimise preventable hospital readmissions and emergency care.
TapCloud CEO Phil Traylor said: “TapCloud has worked tirelessly to close the communication gap between patients and providers through the use of data and technology.”
“With WellSky, we gain access to a larger network and increased investment, which will broaden our reach and allow even more patients and families to be active participants in their care journeys.”
With TapCloud’s EHR-agnostic patented technology, patients are enabled to share their symptoms and other pertinent data with providers. It helps to use virtual visit technology and secure messaging, as well as remote symptom screening protocols.
TapCloud’s user-friendly technology in combination with WellSky’s expertise in predictive analytics are expected to allow providers and payers to gain enhanced collaboration and better coordinate care.
WellSky intends to incorporate TapCloud’s platform into its healthcare technology solutions, which are used by over five million caregivers per day.
The company is also planning to expand its clinical dataset with the addition of TapCloud’s patient-generated data to develop new models to help providers, payers, and other risk-bearing entities to efficiently predict patient risk factors and deploy interventions.
WellSky CEO Bill Miller said: “WellSky is connecting every part of health and community care, and TapCloud represents a significant addition to our suite of solutions.
“By adding these robust capabilities, WellSky will further extend our position as the leading technology and analytics partner across the continuum.”
The deal, which is subject to customary closing conditions, is anticipated to be completed in the coming weeks.