Investment Partner Periscope Equity Has Funded Accelerated Expansion in Services and Technology Offerings
IRVINE, Calif. (February 9, 2021) – IBH (Integrated Behavioral Health, Inc.), a leader in population and digital health services, has expanded its portfolio with the acquisition of HMC HealthWorks (“HMC”), adding chronic condition management solutions, wellness and pharmacy specialty services to its portfolio. The acquisition not only enhances the services offered by IBH to include condition management capabilities, but also deepens its expertise in behavioral health while also serving the unique needs of Taft-Hartley, Government, Labor and Trust Funds.
“Chronic condition management is a natural extension for IBH,” said John Findlay, partner, Periscope Equity and Board Member, IBH. “The vast majority of healthcare costs across the world, relate to chronic conditions and health behaviors. We clearly saw in IBH’s business, the opportunity to improve outcomes for our customers by combining HMC’s condition management and mental health care support and modernizing them with leading digital health technologies.”
According to the Office of Disease Prevention and Health Promotion, mental health disorders have a serious impact on physical health and are associated with the prevalence, progression, and outcome of chronic diseases, including diabetes, heart disease, and cancer. The Center for Disease Control and Prevention (CDC) has reported that 90% of the nation’s $3.5 trillion in annual healthcare are for people with chronic and mental health conditions. With 35 years of experience and over 60,000 providers, IBH is addressing these health care needs and costs as one of the nation’s most comprehensive product and service portfolios with high clinical quality, accredited professionals and a holistic spectrum of digital and traditional population health services to support members and their dependents.
IBH Chief Executive Officer Dan Clark shared that “for an individual’s health and wellbeing to be optimized, it’s important that we support the whole person across their entire spectrum of needs. Care must be easy to use, relevant, engaging and effective. Digital self-guided, point solutions help solve part of the access equation, but by themselves have not proven to be effective and in fact can be confusing if a patient is expected to use multiple, app-based solutions to address different aspects of their care.”
Using a human-centered, whole person design approach, IBH has been able to pull together the best of both worlds with a world-class, personalized experience, complimented by expert, professional lead support for each person. HMC is an important part of that equation, now enabling IBH to bring the same expertise that made IBH so effective in behavioral healthcare to providing a full spectrum of care for individuals and helping on their journey to better health.
IBH is health plan agnostic, enabling a longer-term relationship with employees who can be followed despite changes in health plans. This provides a lasting, meaningful relationship that drives better outcomes and lower costs and results in better continuity and outcomes for all. Additionally, IBH’s solutions simplify rather than complicate an already complex healthcare system with one seamless and integrated experience.
About IBH Solutions
IBH is a pioneer in managed behavioral health, integrated employee assistance programs and services. It is one of the US’s leading population health management companies, delivering world class EAP, Managed Behavioral Health, Wellness, Data Analytics and Opioid Assessment and Treatment Solutions across the United States. With a focus on positive outcomes through clinically validated methods and tools, IBH reduces claims and costs for organizations while improving the lives of its people. IBH has been providing services for over 30 years and is a Shortlister Vendor of Choice for EAP, Behavioral Health, and Healthcare Content. The company provides services to millions of members representing a diverse group of employers, health plans and partners through their credentialed network of providers across the United States. Visit www.ibhsolutions.com for additional information.
View Press Release: Business Wire