MINNEAPOLIS, June 08, 2021 (GLOBE NEWSWIRE) — Icario, the healthcare trade’s largest well being motion firm, immediately introduced it has acquired ChipRewards, a number one SaaS platform utilized by well being plans and employers to configure and handle client engagement applications. With this acquisition, Icario provides self-service configurability and administration capabilities that empower well being plan groups to customise their approaches to engagement throughout enrollment, focused well being actions, retention, satisfaction and general expertise initiatives.
“We’re thrilled to welcome the group that constructed the ChipRewards platform to Icario,” stated Steve Wigginton, CEO of Icario. “They’ve labored in shut collaboration with the main well being plans within the nation to construct a excessive degree of configurability and a superior client expertise for his or her shoppers, and we sit up for extending the platform with Icario’s Perception, Join and Personalization Engines.”
“Our enterprise has all the time been about serving to well being plans and employers develop and maintain relationships with members, and we are able to now do this much more successfully underneath the Icario umbrella,” stated Trey Hamer, Co-founder and CTO of ChipRewards, who will assume the function of President, ChipRewards. “We sit up for the twin win of serving to Icario clients profit from our present capabilities whereas additionally opening up the huge advantages of the Icario platform to our present buyer base.”
ChipRewards gives a completely configurable, enterprise-wide incentive and engagement platform, together with focused rewards and incentives, that gives a versatile resolution for well being plans. The platform’s agility allows well being plans to dynamically configure an infinite variety of well being motion engagement applications throughout extremely numerous populations. The SaaS platform contains seamless integration of a wide range of rewards and incentives choices, portal and app integration. Designed for a easy and environment friendly end-user implementation expertise, the HITRUST compliant know-how allows non-technical launch and administration by numerous finish customers throughout buyer help, gross sales, consumer providers, brokers, and well being plan high quality and progress leaders.
“Once we based ChipRewards, we got down to enhance the lives of the people that our clients serve,” stated Invoice Dexheimer, Co-Founder and outgoing CEO of ChipRewards. “The acquisition by Icario will speed up that mission and serve to additional strengthen the worth we offer to our shoppers.”
The acquisition comes as CVC Capital Companions (“CVC”), a number one international personal fairness agency, has accomplished its acquisition of a majority curiosity in Icario by its CVC Development Companions II fund. That announcement was first revealed in Could.
“Once we introduced our majority funding in Icario, we had been excited to help its natural and inorganic progress ambitions primarily based on its enterprise roadmap,” stated Aaron Dupuis, Companion at CVC. “This strategic acquisition is aligned with our imaginative and prescient of creating Icario because the main platform for driving well being plan efficiency by personalization at scale.”
CVC was suggested by Weil, Gotshal & Manges LLP and William Blair, whereas TripleTree, LLC and Fredrikson & Byron, P.A. served as advisors to Icario.
Icario is the main well being motion firm centered on connecting folks to well being. Icario makes use of pioneering behavioral analysis, knowledge science and our adaptive multi-channel platform to ship personalization at scale for probably the most trusted healthcare organizations in all 50 states, together with seven of the ten largest well being plans. Be taught extra at www.icariohealth.com.
BOCA Communications for Icario