What You Should Know:
– Kyruus is acquiring HealthSparq from Cambia Health Solutions, a family of more than 20 companies working to make healthcare more economically sustainable and efficient for people and their families.
– HealthSparq is a healthcare guidance and transparency technology company serving the health plan market.
– With the acquisition, the combined entity now serves more than 60 health systems and 100 health plan brands nationwide.
Kyruus, the leader in provider search and scheduling solutions for health systems, today announced it is acquiring HealthSparq from Cambia Health Solutions, a family of more than 20 companies working to make healthcare more economically sustainable and efficient for people and their families. HealthSparq is a trailblazing healthcare guidance and transparency technology company serving health plans.
As part of Cambia, HealthSparq has grown to serve more than 80 million health plan members nationwide through its digital solutions. Cambia will have an ownership stake and a seat on the Kyruus Board of Directors. HealthSparq will become part of Kyruus, accelerating a groundbreaking platform to connect payer and provider organizations and enabling people to find and schedule with the right providers seamlessly across access channels.
Acquisition Will Transform Care Navigation Through Novel Payer-Provider Collaboration
Healthcare remains incredibly siloed, making it difficult for people to find and schedule care that meets their unique clinical, financial, and personal needs. Kyruus’ acquisition of HealthSparq expands the company’s mission to make healthcare work better for everyone by connecting people to the care they need, whether they search on a health system website or health plan website. This will also accelerate payer-provider collaboration to further streamline patient access and boost provider data accuracy.
Post-Acquisition Plans & Impact
Together, Kyruus and HealthSparq serve more than 60 health systems and 100 health plan brands nationwide. The companies have already started working together in select markets to enhance health plan directories with provider-verified data and enable online scheduling from health plan websites. Combining operations will accelerate the integration of their platforms, enabling health plans to link personalized insurance benefit and cost information with rich provider data, while allowing health systems to tap into health plan websites as a new patient engagement source. Over time, the unified platform will facilitate increasingly sophisticated patient routing and matching across channels – all while giving people the convenience of online scheduling wherever they look for care.
The HealthSparq team will transition to Kyruus and continue to execute on HealthSparq’s full breadth of solutions for health plans. Mark Menton, CEO of HealthSparq, will join the Kyruus executive team and serve as General Manager of the health plan business unit.
Financial details of the acquisition were not disclosed.
