NantHealth, a company combining genomic science and big data to transform healthcare, has announced the acquisition of NaviNet, a leading healthcare payer-provider collaboration network. NantVentures, the private equity arm of NantWorks participated in the financing. Financial terms were not disclosed.
With the acquisition of NaviNet, NantHealth adds roughly 330 new associates including an experienced management team who has previously held leadership roles at health plans, healthcare IT companies, and enterprise, cloud-based solutions providers. NantHealth also expands its worldwide presence to include new offices in Boston, Massachusetts and Belfast, Northern Ireland.
Dr. Patrick Soon-Shiong, well-known physician, entrepreneur and founder and CEO of NantHealth believes this acquisition is critical for winning the wars against cancer, hypertension, diabetes, and other life-threatening diseases. By leveraging NaviNet’s nationwide network, NantHealth can access 170,000 active provider offices and 2,000 hospital settings to reach more doctors with the company’s existing genomics, decision support, and connectivity solutions to enable better care coordination at lower costs for patients.
By enabling interoperability, connectivity, real-time decision support and a single sign-on operating system, acquiring NaviNet scales NantHealth’s cloud-based platform of services to:
- Reach 450,000 active provider users,
- Offer all-payer access to 450+ commercial and government plans nationally,
- Cover almost 100 million lives, and
- Enable over 30 million monthly transactions.
NaviNet Open will also serve as a nationwide scalable, real-time access point and secure web-based portal for patients and providers to receive breaking news about novel clinical agents and to access active cancer clinical trials locally.
Since the launch of NaviNet Open in 2014, the company’s applications have expanded beyond classic administrative transactions such as insurance verification and claims management into the intimate administrative and clinical collaboration needed both in chronic disease management and newly reimbursable genetic and oncological strategies, with expanded provider access to 450+ commercial and government plans nationally.
For example, the company’s Document Exchange service enables HIPAA-safe exchange of clinical information among multiple medical management, informatics, and care delivery teams. The system will serve as a nationwide, scalable real-time access point and secure web-based portal for patients and providers to receive breaking news information about novel clinical and immunotherapy agents, and to access active cancer clinical trials locally, in this age of next-generation genomic medicine.
“The acquisition of NaviNet completes our 10-year vision at NantWorks and NantHealth to integrate and coordinate our complex healthcare ecosystem from the knowledge domain, to the care delivery domain and now to the payer domain, as a single sign-on, seamless, cloud-based, secure adaptive learning system for patients, payers, and providers,” said Dr. Patrick Soon-Shiong, Founder and Chief Executive Officer of NantHealth. “NaviNet has a tremendous, long-term customer base of more than 40 health plans – Blue Cross Blue Shield payers, Aetna, Cigna, and many others – a nationwide network of more than 450,000 active end-users across all 50 states, and an All-Payer Access provider portal to 450+ commercial and government plans nationally built on NaviNet Open, the company’s payer-provider collaboration platform. This cloud-based system allows provider access to over 90% of covered lives in the United States and will serve as a transformative platform for the communication of cutting-edge knowledge to all.”