CareSignal Acquired by Lightbeam Health Solutions
Together, Lightbeam and CareSignal will deliver, "best-in-class population-level stratification, actionable real-time insight delivery, and clinical outcome improvement," according to a press release shared by CareSignal founder Blake Margraff.
"I am thrilled to share that CareSignal is joining Lightbeam Health Solutions. It is deeply humbling and rewarding to have grown this company with our phenomenal team, client-partners, and investors, and I look forward to serving millions of additional patients and members in the years ahead," he said in a message posted on LinkedIn.
The “leader in end-to-end population health management solutions,” Lightbeam Health Solutions, has acquired CareSignal (formerly known as Epharmix), a St. Louis startup best known for pioneering Deviceless Remote Patient Monitoring technology. The deal enables Lightbeam to integrate scalable, evidence-based remote engagement and monitoring capabilities into its core population health offering, which serves more than 42 million patient lives across the United States.
CareSignal brings over 30 condition-specific programs, proven real-world ROI, and a suite of robust AI-based predictive models that complement Lightbeam’s sophisticated population health analytics platform. Combined with the real-time cohort generation capabilities at the core of Lightbeam, CareSignal programs covering chronic conditions, behavioral health, social determinants of health, maternal health, and additional use cases will rapidly generate scalable returns on investment for value-based providers, payers, and self-insured employers.
“Lightbeam and CareSignal share a vision for the future of healthcare: care that is proactive, cost-effective, and data-driven. Lightbeam continues to see double-digit year-over-year growth, and CareSignal will help further accelerate our mission to deliver a revolutionary approach to population and risk management,” said Lightbeam Founder and CEO, Pat Cline in a press release.
“As part of Lightbeam, I have deep conviction that the CareSignal product and team will achieve the greatest possible impact, delivering clinical and financial value for the patients and healthcare organizations that have the most to gain,” said Blake Marggraff, Co-Founder and CEO of CareSignal.
“Speaking on behalf of the CareSignal founding team, we are inspired by Lightbeam’s focus on operational excellence, sustainable differentiation, and value creation, along with their deep industry expertise.”