As published in BUSINESS WIRE, October 03, 2017
Trilliant Health, the parent company of a group of healthcare technology, analytics, and marketing companies, today announced the purchase of Expression Health Analytics, a Nashville-based healthcare data analytics and insights company. Expression Health will be the third business unit to join the Trilliant brand. The first two units, Aegis Health and Clariture Health, merged in June 2017 to form Trilliant Health. The addition of Expression Health will further Trilliant’s goal to build a portfolio of diverse healthcare technology services united by a single mission: to make hospitals stronger.
Uncertainty and change have become the norm in today’s healthcare landscape. In addition to the ever-changing shifts in reimbursement and coverage, the new world of healthcare presents unique challenges to hospitals, health systems, and other health providers. No matter what happens to healthcare reform—consolidation of healthcare entities, or the move of care from acute to outpatient—it will remain critical for health care providers to grow profitable revenue and increase market share by successfully acquiring new patients and keeping current patients loyal.
In order to meet this challenge, hospitals and providers need robust, real-time insights to make smart, data-driven, strategic decisions. Aegis and Clariture collect and utilize valuable data about consumers as employees, patients, and healthcare shoppers. The foundation of Expression Health’s platform is a national, multi-payer claims database, plus other near-time input sources. By fusing the data from all three entities, Trilliant Health’s clients will gain unprecedented insight and clarity into their markets, providing them the ability to make highly intelligent and accurate decisions for growth.
“Healthcare providers need a partner to turn data into intelligence, helping them better understand their market dynamics, to create ready-to-use “answers” through analytics for constructive, effective, and efficient growth strategies,” says Jeff McDonald, co-founder and president of Expression Health and former SVP of product and platform innovation for Evariant. “By leveraging our data with the combined data sets from Aegis and Clariture Health, and applying our data science techniques, we can provide predictive and prescriptive analytics to help all of the Trilliant Health clients build a deeper and richer level of market understanding.”
“Jeff and the Expression Health team have developed a powerful analytics platform that ingests and normalizes more than 300M claim lines per month, which provides Expression Health’s clients with the ability to spot trends and understand patterns in market and provider behaviors in near-time,” said Hal Andrews, CEO of Trilliant. “Expression Health will be Trilliant’s business intelligence engine for ASCs, hospitals, health systems, physician practices, and other providers, allowing our customers to understand referral patterns, ambulatory service line growth opportunities and identifying new and unmet needs in markets in novel ways.”
“Trilliant Health is just getting started. We have plans to continue to rapidly grow – by providing additional products and services to Aegis, Clariture, and Expression Health clients, as well as through additional M&A and incubating new companies. We see a gap in the market for hospitals and other providers to have a trusted advisor helping them grow, from people that have worked inside healthcare systems,” said Devin Carty, Chairman of the Trilliant Health Board of Directors and former Chief Strategy Officer for Cancer Treatment Centers of America. “We will continue to seek the best companies and most innovative talent, to help our clients increase market share, acquire new patients, and grow revenue.”
As part of the transaction, Jeff McDonald and Rick Hernandez will join the Trilliant Board of Directors, and Tony Corley of NueCura Partners will join the Trilliant Board of Directors as an observer. NueCura Partners has converted their investment in Expression Health into Trilliant Health.
About Trilliant Health
Trilliant Health is the parent of a group of healthcare technology, data, and marketing companies focused on making hospitals stronger by delivering prescriptions for growth to increase a hospital’s market share. By combining best-in-class software applications with a data integration platform that combines clinical, claims, and patient-generated data, Trilliant Health can deliver market-focused and patient-level intelligence to assist hospitals and other health care providers in finding, retaining and assuming risk for patient populations. For more information, visit trillianthealth.com.
About Expression Health Analytics
Expression Health Analytics helps health care organizations succeed in rapidly changing markets by providing purpose-built, subscription-based analytic insights needed for business growth strategies. Using a big data platform, over 100TB of data, data science and interactive business visualizations, our analytics answers clients' most complex business questions ranging from mergers and acquisitions to new outpatient site development to identifying areas of unmet need without the need for data analysts or sophisticated IT. Founded in 2015, the company is headquartered in Nashville, TN. For more information, visit expressionhealth.com.
About NueCura Partners
NueCura Partners is a Nashville-based angel investment group that focuses on early-stage investment opportunities in the healthcare sector. NueCura is managed by seasoned healthcare business operators and leverages their experience to identify and finance breakthrough technologies in the healthcare space. For more information, visit nuecura.com.