Digital collaboration and insights company PointClickCare announced its plans to purchase health IT company Audacious Inquiry for an undisclosed sum.
Audacious Inquiry has a number of services focused on care coordination. Its “Encounter Notification Service” helps notify care teams when a patient gets admitted or discharged from the hospital. Its software offerings also includes a “Proactive Management Patient Transitions” software, which helps care teams manage patient transitions through a web-based application.
Its Archer service provides the patient’s individual clinician with all related hospital information.
It also has software specifically for crisis situations. Its “Secure Access to Patient Health Information for Emergency Responders” helps gather patient data and history from national health information networks.
Audacious Inquiry touts a number of big name partners including CMS, ONC, CDC and regional health information exchanges.
WHY IT MATTERS
Both PointClickCare and Audacious Inquiry work in the value-based care space, as well as with post-acute care coordination tools. PointClickCare plans on using Audacious Inquiry’s tools to grow its value-based capabilities.
“We are excited to welcome Audacious Inquiry to the PointClickCare community as we build on our proven track record of solving complex problems in healthcare. This acquisition will enable PointClickCare to expand the reach of our solutions by adding Audacious Inquiry’s strong products and network of relationships as the shift to value-based care fuels the growing market demand for intelligence and collaboration tools,” Dave Wessinger, CEO of PointClickCare, said in a statement.
THE LARGER TREND
This isn’t PointClickCare’s first M&A. In 2020, the company announced its plans to purchase cross-continuum coordination platform Collective Medical. It also snapped up QuickMar, a post-acute care management company, in 2019.
According to Crunchbase, the company has a total of $230 million in funding.