creating an industry-first data connectivity management and care coordination solution.
Qualcomm Life has acquired HealthyCircles, an integrated, accessible and interoperable Software as a Service (SaaS) Care Orchestration Engine that seamlessly connects health care professionals, patients, families, caregivers and associated systems to monitor and manage patients’ care outside of an acute care setting.
Why did Qualcomm Life choose to acquire HealthyCircles?
With this acquisition, Qualcomm Life is responding to the needs expressed by 2netTM Ecosystem customers for care provider- and consumer-facing applications. The acquisition of HealthyCircles provides toolsets to enhance the integration points, data capture sources, customer base and time to market of their wireless solutions and health devices.
What specifically does HealthyCircles bring to the 2net Ecosystem?
This acquisition creates the industry’s first full spectrum, interoperable and customizable data management and care coordination service offering, providing scalable modules for health care organizations, providers and medical device manufacturers. HealthyCircles enables rich data capture capability with the 2net device data, including medication history, labs, care team data entry and patient symptomatic self-assessment, thereby creating a robust dataset for care transitions, ACOs, complex care management, medication adherence and compliance, and even clinical trials.
How much did Qualcomm Life pay for HealthyCircles? How does this impact Qualcomm’s P&L?
Qualcomm Life is not disclosing terms of the agreement at this time, and Qualcomm Life’s financials are not reported separately by Qualcomm.
What does this acquisition mean for current and future members of the 2net Ecosystem?
Current and future members of the 2net Ecosystem will immediately benefit from this expanded service offering. By combining 2net’s award-winning device integration and cloud-based connectivity with HealthyCircles’ Care Orchestration Engine, Qualcomm Life is creating a flexible and modular data management solution to address the problem of aggregating and liberating health data beyond the walls of a hospital to truly empower the members of a patient’s personalized care team.
How will this impact HealthyCircles’ current customers?
HealthyCircles customers will continue to receive the same service as before with the HealthyCircles’ Care Orchestration Engine, but now they will have increased access to the full spectrum of Qualcomm Life Ecosystem members’ applications, services and device gateways. The HealthyCircles brand will be maintained as a product line under Qualcomm Life.
Will HealthyCircles merge with Qualcomm Life at a business level?
HealthyCircles will become part of the Qualcomm Life service offering, and potential customers and collaborators will have immediate access to either the individual services or both HealthyCircles and 2net-enabled solutions.
Will there be additional acquisitions from Qualcomm Life and when?
Qualcomm Life will continue to listen to the needs of 2net customers and Ecosystem members and explore other strategic opportunities that support the broader growth of the wireless health industry.