Blue Ox Healthcare Partners, LLC is pleased to announce that on January 12, 2016, the population health management technology and operating platform of Healarium, Inc., a portfolio investment of Blue Ox, was acquired by Apollo Care Connect, a wholly-owned subsidiary of Apollo Medical Holdings, Inc. (“ApolloMed” or the “Company”). The acquisition expands ApolloMeds medical management and care coordination capabilities and positions the company for further market expansion. Blue Ox received equity shares of ApolloMed as part of the consideration in the transaction and is continuing as an investor in the Company.
Healarium, founded in 2009, provides a cloud and mobile-based population health management platform, with an emphasis on chronic care management and total patient engagement. Among its distinctive components are a Care Management Dashboard which allows care managers to quickly focus on high-risk patients, Digital Care Plans which use evidence-based protocols, and a Personal Health Assistant, accessible via mobile or web, that allows patients to view their health data, care plans, receive alerts and to track goal progress. With one click, physicians and care managers can prescribe patients a clinically appropriate and comprehensive treatment plan. This care plan is personalized and includes daily regimens which leverage ApolloMeds expertise in clinical care, care coordination and medical risk management. Healariums platform has reduced expenditures in patients with chronic conditions and also reduced hospital readmissions and emergency room visits. Additionally, the platform supports the requirements to satisfy the Centers for Medicare and Medicaid Services (“CMS”) Chronic Care Management (“CCM”) reimbursements for those Medicare enrollees with two or more chronic conditions. Healarium has the capability to aggregate data from multiple sources, including hospital and physician electronic health records. Healarium will continue to support Apollo Care Connects growth. “We believe that engaging patients in their own care is an important part of the changing landscape of healthcare,” stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings, Inc. “Healariums technology platform will further enable us to meet the new challenges in the evolving world of value-based reimbursements.” “Combining ApolloMeds clinical expertise and performance-based financial models with a robust chronic care management software platform is a powerful solution to todays healthcare needs,” stated Gary Augusta, Executive Chairman of Apollo Medical Holdings, Inc. “We look forward to working with our existing and future hospital, health plan and medical group partners who are looking to transition to a value-based care model.”
Apollo Medical Holdings, Inc. (ApolloMed), headquartered in Glendale, California, is a leading integrated population health management company committed to providing exceptional multi-disciplinary care in the communities it serves. ApolloMed is addressing the healthcare needs of its patients by leveraging its integrated healthcare delivery platform comprised of six affiliated and complementary physician groups: ApolloMed Hospitalists, ApolloMed ACO (Accountable Care Organization), Maverick Medical Group, AKM Medical Group, ApolloMed Care Clinics and Apollo Palliative Services. ApolloMed strives to improve medical outcomes with high-quality, cost-efficient care.
Blue Ox Healthcare Partners, LLC is a private investment firm focused on identifying and partnering with middle market companies who are participating and driving structural changes in healthcare. We partner with these companies to help them create and grow more sustainable and valuable businesses for the future.