Value-Based Care Company Reveleer Continues to Grow via Acquisition
In October 2024 value-based care software platform company Reveleer announced the acquisition of Curation Health, which provides clinical insights to help health systems deliver optimal care. Now Reveleer has acquired Novillus, whose solutions help with care gap management and regulatory compliance.
The combined company will serve 72 million covered lives and work with 86 healthcare organizations across the United States.
In the beginning of 2024, Glendale, Calif.-based Reveleer raised over $65 million in new capital. In a December 2024 interview with Healthcare Innovation, Jay Ackerman, CEO of Reveleer, spoke about the company’s acquisition strategy. “We've made three acquisitions since April of 2022. All of them have been product-driven, where we see adjacent technology that aligns with the way we think about how to serve a payer or now providers,” he said. “We have to think about how the data flows back and forth. We have the Reveleer data lake that sits at the core. The companies we have acquired, their data all sits at rest inside of our core repository. We absolutely do remain active in considering future opportunities, and I expect that we will do something again as we turn the page and enter 2025.”
Ackerman explained that over the last eight years, Reveleer has broadened its toolset to “go from focusing on the annual HEDIS audit to year-round quality improvement on behalf of their members, and to risk adjustment, which is obviously a critical component of managing value-based care programs, to member enrollment and now to clinical improvement and really moving from looking retrospectively to prospectively and trying to impact patient outcomes at the point of care.”
Reveleer said the Novillus acquisition would strengthen payer-provider collaboration to improve outcomes, ensure compliance, and drive financial performance. Together, it said, the companies will help clients close care gaps faster, improve member data accuracy, and meet evolving regulatory demands, like the No Surprises Act, while reducing provider abrasion and boosting patient satisfaction.
"By acquiring Novillus, we're accelerating our strategy of aligning payers and providers to improve health outcomes through faster care gap closure," said Ackerman in a statement. "This acquisition strengthens our platform's ability to deliver unmatched AI-powered quality and clinical intelligence solutions, while helping our customers not only meet, but exceed their goals for Star Rating performance, risk adjustment accuracy, and care gap closure. All are key areas that drive improved patient outcomes, reduce cost of care, and improve financial success.”
"Our shared vision is to revolutionize how health plans and providers use data to drive better outcomes," said Jerry Hagan, CEO of Novillus, in a statement. "By joining Reveleer, we can accelerate our mission to improve provider engagement, close care gaps, and maximize regulatory compliance at scale. This is a win for our customers, their patients, and the broader value-based care ecosystem.”
