Lightbeam Health Solutions Announces Acquisition of CareSignal
November 16, 2021 at 2:57 PM
IRVING, Texas--(BUSINESS WIRE)--Lightbeam Health Solutions, Inc., the leader in end-to-end population health management solutions, announced today the acquisition of CareSignal, the pioneer of Deviceless Remote Patient Monitoring technology. The deal enables Lightbeam to integrate scalable, evidence-based remote engagement and monitoring capabilities into its core population health offering, which serves more than 42 million patient lives across the United States.
Together, Lightbeam and CareSignal will deliver best-in-class population-level stratification, actionable real-time insight delivery, and clinical outcome improvement. Current and future industry partners of both companies will benefit from the validated offerings and deep focus on client success.
CareSignal brings over 30 condition-specific programs, proven real-world ROI, and a suite of robust AI-based predictive models that complement Lightbeam’s sophisticated population health analytics platform. Combined with the real-time cohort generation capabilities at the core of Lightbeam, CareSignal programs covering chronic conditions, behavioral health, social determinants of health, maternal health, and additional use cases will rapidly generate scalable returns on investment for value-based providers, payers, and self-insured employers.
“Lightbeam and CareSignal share a vision for the future of healthcare: care that is proactive, cost-effective, and data-driven. Lightbeam continues to see double-digit year-over-year growth, and CareSignal will help further accelerate our mission to deliver a revolutionary approach to population and risk management,” said Lightbeam Founder and CEO, Pat Cline.
“As part of Lightbeam, I have deep conviction that the CareSignal product and team will achieve the greatest possible impact, delivering clinical and financial value for the patients and healthcare organizations that have the most to gain,” said Blake Marggraff, CareSignal Co-Founder and CEO. “Speaking on behalf of the CareSignal founding team, we are inspired by Lightbeam’s focus on operational excellence, sustainable differentiation, and value creation, along with their deep industry expertise. We are excited to bring our combined businesses to the next level.”
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a proven model for managing patient populations and associated risk. Lightbeam’s vision is to bring health data into the light through the use of analytics, and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations aspiring to provide superior care at a lower cost. For more information, visit www.lightbeamhealth.com, and follow Lightbeam on LinkedIn and Twitter.
CareSignal offers Deviceless Remote Patient Monitoring: SMS (text message) and phone-based engagement programs specifically designed for value-based care. The company leverages real-time, self-reported patient data and artificial intelligence to produce long-term patient engagement while identifying clinically actionable moments for proactive care delivery. Proven in 13 peer-reviewed studies and dozens of payer and provider implementations to sustainably scale care teams to manage over ten times more patients, CareSignal drives significant improvements in chronic and behavioral health outcomes, quality measures, and reduced global utilization. For more information, visit www.caresignal.health or try our interactive demo: try.caresignal.health
Ziegler acted as exclusive financial advisor and Fenwick & West LLP acted as legal advisor to CareSignal. Butler Snow LLP acted as legal advisor to Lightbeam.