Hearst Corporation Acquires CareInSync
Mobile Care Coordination Platform Becomes Wholly-Owned Zynx Health Solution
April 24, 2014 --
NEW YORK, NY -- (Marketwired) -- 04/24/14 -- Hearst Corporation's healthcare group, Hearst Health, today announced its acquisition of CareInSync, a software solutions company providing a real-time, mobile platform to improve patient care by enhancing communications between care providers and patients. The announcement was made by Steven R. Swartz, president and CEO of Hearst Corporation, and Richard P. Malloch, president of Hearst Business Media, which oversees Hearst Health. Financial terms were not disclosed.
Santa Clara, California-based CareInSync, will become part of Zynx Health, the market leader in providing evidence- and experience-based clinical improvement solutions. Zynx Health, part of the Hearst Health network, began its successful relationship with CareInSync in 2012 in the form of an equity investment from Hearst's healthcare venture fund as part of a syndicated equity funding initiative involving Hearst and other investors.
"The CareInSync Carebook solution puts vital information into the hands of clinicians and caregivers to help them communicate across a person's care journey," Malloch said. "We are excited to bring CareInSync into the Zynx solution suite and are pleased to expand our capacity to provide care guidance that helps improve coordination."
CareInSync's technology enables its customers to connect interdisciplinary care teams that include hospital clinicians, aftercare providers and community-based service providers. CareInSync customers have been recognized as innovators for their deployment of the solution. As previously announced, after just eight months in operation, one hospital customer achieved a compelling 22 percent reduction in 30-day all-cause readmission rates for patients age 65 and older, a half-day reduction in average length of stay and an 18 percent improvement in care transitions patient experience.
CareInSync was founded in 2010 by Siva Subramanian, Ph.D., as a Mobile Care Navigation Network that goes beyond traditional inpatient communication and texting solutions. The CareInSync Carebook solution not only provides a HIPAA-compliant communication platform for the entire care team, it offers context-specific messages around a person's health milestones, as well as evidence-based guidelines for the management and coordination of care transitions across a person's journey to wellness.
"Zynx Health is known for being innovative in incorporating the evidence into care," Subramanian said. "It is a natural fit for CareInSync to join Zynx, and we look forward to the new and innovative capabilities we can offer together to improve care delivery at lower cost."
Effective immediately, CareInSync solutions are now available through Zynx Health.
About Hearst Corporation
Hearst Corporation (www.hearst.com) is one of the nation's largest diversified media and information companies. Its major interests include ownership of 15 daily and 34 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; hundreds of magazines around the world, including Good Housekeeping, Cosmopolitan, ELLE and O, The Oprah Magazine; 29 television stations, which reach a combined 18 percent of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, HISTORY and ESPN; significant holdings in automotive, electronic and medical/pharmaceutical business information companies; a 50 percent stake in global ratings agency Fitch Group; Internet and marketing services businesses; television production; newspaper features distribution; and real estate. Follow us on Twitter @HearstCorp.
About Hearst Health
Zynx Health is part of the Hearst Health network, which also includes FDB (First Databank), MCG (formerly Milliman Care Guidelines), and Homecare Homebase. The mission of the Hearst Health network is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person's health journey. Each year in the U.S., care guidance from the Hearst Health network reaches 76 percent of discharged patients, 133 million insured individuals, 20 million home health visits, 1.88 billion retail pharmacy prescriptions, and 3.26 billion prescription claims. Extensions of the Hearst Health network include Hearst Health Ventures and the Hearst Health Innovation Lab. Hearst Health (www.hearsthealth.com) is division of Hearst Business Media, an operating group of Hearst Corporation, which operates more than 20 business-to-business information services, electronic databases and publications. Among its core competencies is the aggregation of time-sensitive price, product and technical information that is integrated into business and professional processes.
About Zynx Health
Zynx Health, part of the Hearst Health network, is the pioneer and market leader in evidence- and experience-based clinical improvement solutions that provide the care guidance to enhance quality and decrease variation across an individual's health journey. Thousands of hospital organizations and providers "dare to be better" with Zynx Health's innovative solutions based on rigorous and tested methodologies that improve performance in clinical practice. With Zynx Health, healthcare organizations exceed industry demands for delivering high-quality care at lower costs under value-based reimbursement models. Zynx Health partners with healthcare organizations to continuously and measurably improve care every day, for every patient, every time. To learn more, visit www.zynxhealth.com or call 855.367.ZYNX.
CareInSync offers software solutions that improve communication between disparate healthcare providers via a real-time, mobile, collaboration platform. As the first and only deployed healthcare mobile solution of its kind, Carebook is a secure, HIPAA-compliant, evidence-based, care coordination platform connecting physicians, case managers, nurses and other aftercare professionals in real-time. CareInSync is helping healthcare organizations across the country decrease readmissions, improve operational efficiencies, reduce costs and manage safe and timely patient care transitions. For more information please visit http://careinsync.com.
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