The Culver City, California-based NantHealth and parent company NantWorks have announced that they have completed the acquisition of NaviNet, Inc., a Boston-based healthcare technology company of payer-provider collaboration solutions.
NaviNet’s applications have historically centered around classic administrative transactions such as insurance verification and claims management, but its 2014 launch of a payer-provider collaboration platform, NaviNet Open, has pushed the company into administrative and clinical collaboration needed both in chronic disease management and newly reimbursable genetic and oncological strategies, with expanded provider access to more than 450 commercial and government plans nationally.
For example, the company’s Document Exchange service enables HIPAA-safe exchange of clinical information among multiple medical management, informatics, and care delivery teams, officials said, adding that the system will serve as a nationwide, scalable real-time access point and secure web-based portal for patients and providers to receive breaking news information about novel clinical and immunotherapy agents, and to access active cancer clinical trials locally.
NaviNet’s nationwide network reaches across more than 170,000 active provider offices and 2,000 hospital settings. Now, the acquisition continues NantHealth’s vision of delivering on whole health systems integration and enhancing the patient-clinician experience by bringing real-time molecular and evidence-based insights to the point of care, officials said. NantVentures, the private equity arm of NantWorks participated in the financing. Financial terms were not disclosed.
“The acquisition of NaviNet completes our 10-year vision at NantWorks and NantHealth to integrate and coordinate our complex healthcare ecosystem from the knowledge domain, to the care delivery domain and now to the payer domain, as a single sign-on, seamless, cloud-based, secure adaptive learning system for patients, payers, and providers,” Dr. Patrick Soon-Shiong, M.D., founder and CEO of NantHealth,” said in a statement.
Soon-Shiong added, “NaviNet has a tremendous, long-term customer base of more than 40 health plans —Blue Cross Blue Shield payers, Aetna, Cigna, and many others— a nationwide network of more than 450,000 active end-users across all 50 states, and an All-Payer Access provider portal to 450+ commercial and government plans nationally built on NaviNet Open, the company’s payer-provider collaboration platform. This cloud-based system allows provider access to over 90 percent of covered lives in the United States and will serve as a transformative platform for the communication of cutting-edge knowledge to all.”