AthenaHealth, a provider of cloud-based EHR, practice management software and population health services, has acquired Austin-based care coordination platform Patient IO (officially known as Filament Labs), which allows patients to access their care plan through a series of actionable daily tasks on a mobile or web-based application. The financial terms of the deal were not disclosed.
Patient IO will form the basis for AthenaHealth’s new patient-facing application, AthenaWell. Patients can use Patient IO to play more engaged, ongoing role in their own care, including medication management to recording self-reported data or learning more about their health. This builds on AthenaHealth’s shift towards mobile – the company acquired Epocrates in 2013.
“By adding Patient IO to our portfolio and delivering their solution as a native component of athenahealth’s population health services, we’ve been able to strengthen our ability to partner with providers as they enter into and become masters of value-based care delivery,” AthenaHealth’s Vice President of Emerging Services, Jon Porter, said in a statement. “Patient IO accelerates our movement towards an exciting strategic milestone: becoming a trusted resource and partner to the patient.”
Patient IO was founded in 2013, and has been part of Humana subsidiary Transcend Insight’s digital tool offerings since February of this year. AthenaHealth initially made an investment in the company in October 2015 via the More Disruption Please (MDP) accelerator program, which provides start-ups with direct access to AthenaHealth’s resources, expertise and network of over 80,000 healthcare providers. Patient IO is AthenaHealth’s second acquisition of an MDP accelerator portfolio company, after provider analytics company Arsenal Health in April.
The company raised $1 million in a round led by Mercury Fund with additional funding from Corinthian Health Services and Arcadia Home Care in May of 2014. Last year, the company raised $3.3 million, according to an SEC filing, which may or may not include the $1 million from Mercury Fund.
“We are eager to marry our mobile care management competencies with athenahealth’s unique, network-enabled services,” Jason Bornhorst, co-founder and CEO of Patient IO said in a statement. “By taking a patient-centered approach to development and embracing the potential of mobile, together we can reach more healthcare organizations than ever before. Our combined offering will deliver actionable insights that help our customer organizations transition to a value-based care environment, improving outcomes and quality at every turn.”
The Patient IO team will join AthenaHealth Austin and will continue to service its full roster of clients and sell into non-AthenaHealth entities under its current name.
