GetWellNetwork Receives Strategic Investment from Ascension Health Ventures
Bethesda, Md., June 5, 2013 – GetWellNetwork®, Inc., the leader in Interactive Patient Care™ (IPC) solutions, today announced a strategic investment from Ascension Health Ventures (AHV). Ascension Health Ventures joins Welsh, Carson, Anderson & Stowe as an investor in GetWellNetwork. GetWellNetwork has partnered with more than 100 leading healthcare providers across the U.S. as patient engagement has emerged as a business imperative for performance improvement in a value-based health system.
GetWellNetwork’s solutions help healthcare providers engage, educate and empower patients along the care continuum. The Company’s patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care to improve performance and patient outcomes. The Company further extends the value of existing IT investments by integrating seamlessly with electronic medical record and patient portal applications.
“We are extremely proud to have Ascension Health Ventures join in partnership with Welsh, Carson, Anderson & Stowe on our journey to build a platform for patient engagement for the world’s leading healthcare providers,” said Michael O’Neil, founder and chief executive officer of GetWellNetwork. "With seven hospital system limited partners, AHV offers a unique healthcare provider and technology perspective that will add significant value to expanding and differentiating our solution.”
“We believe GetWellNetwork’s proven Interactive Patient Care delivery model increases the probability of activating patients to take greater personal responsibility for their care,” said Jeff Stolte, investment manager, Ascension Health Ventures. “In addition, GetWellNetwork’s focus on improving the patient, family and caregiver experience aligns well with our limited partners’ goals of delivering patient-centered care.”
Founded in 2000, GetWellNetwork has led the development of the Interactive Patient Care market, which is estimated at over $1 billion and growing significantly. For a third consecutive year, GetWellNetwork was recognized by KLAS® as the leader in the Interactive Patient Systems category and is also exclusively endorsed by the American Hospital Association. The Company has more than 200 employees across the U.S.
GetWellNetwork, Inc.® provides patient engagement solutions that help healthcare providers engage, educate and empower patients along the care continuum. Our patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care™ to improve performance and patient outcomes. The company further extends the value of existing IT investments by integrating seamlessly with electronic medical record and patient portal applications.
GetWellNetwork is recognized by KLAS® as the leader in the Interactive Patient Systems category and exclusively endorsed by the American Hospital Association. Learn more at www.GetWellNetwork.com.
About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV’s role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.