Quest Diagnostics, a supplier of diagnostic data companies, introduced it acquired LifeLabs, a supplier of laboratory diagnostic data and digital well being connectivity programs, from profit pension plan firm OMERS in a deal valued at roughly CAN $1.35 billion (USD $1 billion).
LifeLabs will proceed to function below its personal model, with the identical administration group at its Toronto headquarters.
Secaucus, New Jersey-based Quest says it’s going to provide LifeLabs with experience, new concepts and means to strengthen its companies.
The 2 firms will even work collectively to enhance on-line appointment scheduling and velocity up affected person service heart processing.
Quest will even assist LifeLabs’ information safety enhancements whereas guaranteeing Canadian sufferers’ well being information stays in Canada.
“Becoming a member of forces with Quest Diagnostics marks a pivotal second for LifeLabs,” Charles Brown, president and CEO of LifeLabs, mentioned in a press release. “Quest’s intensive diagnostic capabilities and forward-thinking technique will assist the LifeLabs group improve entry to companies and finally enhance healthcare for Canadians.”
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Waltz Well being, a digital search engine for prescription pricing and reimbursement, introduced a partnership with Reliance Rx, a specialty pharmacy, to decrease the price of prescription specialty medicine.
Reliance Rx will turn out to be a part of Waltz Well being’s Waltz Join program as an in-network choice for all specialty drugs.
As a companion in Waltz Join’s market, well being plans and self-funded plan individuals needing specialty drugs can have entry to Reliance Rx’s companies at a decreased price.
“The Reliance Rx group is concentrated on offering sufferers and suppliers with the very best specialty pharmacy expertise,” Timothy Carroll, vice chairman of enterprise improvement and analytics at Reliance Rx, mentioned in a press release.
“Our novel method layers on fashionable expertise to deliver transparency, effectivity and adaptability to specialty profit administration. For too lengthy, the opaque and archaic construction of the standard specialty drug provide chain has contributed to inefficiencies and misaligned incentives which have ballooned healthcare prices,” Waltz Well being cofounder and CEO Mark Thierer mentioned in a press release
“Once you deliver market ideas to healthcare, you unlock competitors on value and differentiation on expertise. That’s no totally different in specialty medicine, which is why we’re providing a complete answer that may be tailor-made to every payer’s distinctive wants and contains a whole community of specialty pharmacy companions dedicated to supply financial savings and improved healthcare outcomes.”
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Marshall Well being Community, a West Virginia-based educational well being system, is becoming a member of forces with provider-facing healthcare-delivery platform Primefocus Well being to supply a personalized healthcare service answer to handle regional healthcare points, together with rural care entry, weight problems, wholesome getting older and substance abuse.
Primefocus Well being, which launched out of LG Electronics earlier this 12 months, will assist Marshall Well being tackle the wants of 1.4 million residents in 40 counties in West Virginia, southern Ohio and japanese Kentucky.
The 2 firms will collaborate utilizing expertise and distant monitoring companies to supervise affected person progress for a number of medical circumstances and ship healthcare therapies to sufferers of their properties.
The goal is to assist healthcare suppliers efficiently handle outcomes and supply help, counseling, communication and interventions by way of an app-based affected person portal.
The alliance will start in September, with improvement plans all through the subsequent 12 months and a affected person rollout in 2025.
“Working with Marshall Well being Community allows us to be entrance and heart in tackling key healthcare problems with West Virginia and rural Appalachia, as we construct out options to greatest match and serve individuals’s wants and get them entry to care that can assist them dwell more healthy and higher lives,” Darren Sabo, CEO of Primefocus Well being, mentioned in a press release.
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