Summarize this content material to 1000 phrases Cellular-first worker wellness and engagement firm Virgin Pulse and advantages and analytics platform HealthComp, which merged in November, are rebranding underneath the title Personify Well being.
Personify combines Virgin Pulse’s choices with HealthComp’s well being plan administration options, providing one platform with well being, navigation, advantages and wellbeing experiences alongside data-driven personalization.
The transition to Personify will happen over the subsequent a number of months. Within the meantime, members will proceed using the Virgin Pulse and HealthComp platforms all through 2024.
“As Personify Well being, we’re addressing the problems of accelerating healthcare prices and complexity by breaking down conventional healthcare silos and rejecting a one-size-fits-all mentality,” Chris Michalak, CEO of Personify, instructed MobiHealthNews in an electronic mail.
“We’re altering the sport with our first-of-its-kind customized well being platform that includes well being plan administration, holistic well-being and complete well being navigation options. With it multi function place, we’re optimizing investments for companies and empowering their individuals. Presently impacting greater than 18 million lives with our know-how and scientific consultants, we goal to greater than double that by participating 40 million individuals worldwide by 2027 as Personify Well being.”
THE LARGER TREND
New Mountain Capital is almost all proprietor of Personify, alongside Marlin Fairness Companions, Blackstone and Morgan Well being, the healthcare arm of JP Morgan Chase. Marlin Fairness Companions acquired Virgin Pulse in 2018.
Virgin Pulse and HealthComp merged final yr in a $3 billion deal, forming a mixed entity that makes use of know-how and an AI-enabled information platform to supply well being plan designs aimed toward bettering member well being outcomes and decreasing prices for members and employers.
On the time of the merger, the mixed firm stated it aimed to drive excessive affected person engagement and decrease prices for sufferers and employers.
Virgin Pulse, HealthComp rebrand as Personify Well being following $3B merger
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