SOURCE: GetWellNetwork

GetWellNetwork

February 21, 2013 08:02 ET

GetWellNetwork Achieves Record Growth for Third Consecutive Year

Hospital Adoption of Interactive Patient Care Delivery Model Accelerates as Patient Engagement Becomes a National Health Priority

BETHESDA, MD--(Marketwire - Feb 21, 2013) -

Highlights:

  • 30% growth in revenue; orders up 92% from 2011 to 2012
  • 57% increase in new beds to over 30,000; 10 million annual patient interactions
  • 21 Veterans Affairs Medical Centers adopt GetWellNetwork's IPC solution
  • 50% growth in employees
  • KLAS Interactive Patient Systems Leader -- third year in a row

Patient engagement has become a national health priority and the Interactive Patient Care (IPC) delivery model from GetWellNetwork, Inc.® is a proven solution for health care systems to activate patients across the continuum of care. As a result, in 2012 GetWellNetwork saw a third straight year of record growth with the addition of more than 35 new client facilities and expansions. The company continues to lead the IPC market in growth and innovation, resulting in fewer readmissions, improved care and lower hospital costs.

"Health care providers recognize the significance of patient engagement as a central component to delivering improved outcomes, cutting costs and meeting regulatory requirements," said Michael O'Neil, founder and CEO of GetWellNetwork. "Our growth and expansion have us poised to increase our pace of innovation and to deliver world-class consulting, implementation and support services to our clients."

Client roster grows; includes significant VA presence
Most notably in late 2012, 21 Veterans Affairs Medical Centers signed to implement the GetWellNetwork IPC solution to help engage, educate and empower Veterans in their own care. Several Veterans Affairs Medical Centers will also implement the new GetWellNetwork Interactive Patient Whiteboard™ to help hospitalized Veterans identify care team members, understand daily activities and discharge goals, and log and post messages to family and friends. In addition, with the 2013 introduction of myGetWellNetwork™, some facilities will extend access to Veterans' personalized health education in ambulatory centers, clinics and their homes via mobile devices.

Additional client wins and expansions include Community Healthcare Network facilities in Clovis and Fresno, Calif. which is deploying the GetWellNetwork IPC solution across the health system, along with the following:

Advances in Technology
Fostering GetWellNetwork's growth is the steady introduction of innovative products and the accompanying commitment to servicing and supporting clients by expanding teams of engineers, and service and support staffs.

In late 2012 the company launched the first Interactive Patient Whiteboard with Malcolm Baldrige National Quality Award winner Sharp Healthcare, Sharp Memorial Hospital, San Diego, Calif., and the University of Michigan Health System, C.S. Mott Children's Hospital, Ann Arbor, Mich.

GetWellNetwork also introduced its iPad solution, the first IPC application of its kind, enabling caregivers to access the needed clinical tools to engage patients throughout the care continuum in acute and ambulatory settings such as outpatient areas, neonatal intensive care units, and the emergency department.

These innovations helped the company achieve its third consecutive ranking as the category leader for Interactive Patient Systems (IPS) by KLAS®. Published in December, the 2012 Best in KLAS Awards: Software & Services report celebrates vendors that received the highest client satisfaction scores for software and professional services, and serves as a guide to enable health care providers to make informed technology decisions.

Poised for Continued Growth
"At GetWellNetwork, we have become a trusted advisor as health care leaders across the country implement solutions to make patient activation a reality for better experiences, better care and better outcomes," said O'Neil. "Finally, at the close of 2012 we completed a transaction with Welsh, Carson, Anderson & Stowe that will strengthen our ability to help GetWellNetwork patients and clients achieve their goals in 2013 and beyond."

About GetWellNetwork
GetWellNetwork, Inc.® provides patient engagement solutions that help health care providers engage, educate and empower patients along the care continuum. Our patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care™ to improve performance and patient outcomes. The company further extends the value of existing IT investments by integrating seamlessly with HIT and portal systems.

GetWellNetwork is recognized by KLAS® as the leader in the Interactive Patient Systems category and exclusively endorsed by the American Hospital Association. Learn more at www.GetWellNetwork.com.

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