#AcquisitionNews--Vitality, a global leader in supporting better health through behavior change, has today announced the acquisition of Ramp Health, a top provider of employer onsite healthcare, safet...
Autore: Business Wire
Acquisition expands Vitality’s footprint across employer health and safety, helping mitigate risk for employers and control healthcare and workers’ compensation costs
CHICAGO: #AcquisitionNews--Vitality, a global leader in supporting better health through behavior change, has today announced the acquisition of Ramp Health, a top provider of employer onsite healthcare, safety, and risk mitigation services, to create a unique integrated healthcare offering that covers the full spectrum of employer health risk exposure, from chronic disease management to occupational safety.
The acquisition will see organizations able to access Vitality’s comprehensive health behavior change platform with Ramp Health’s clinical and coaching expertise offered onsite within an organization.
The move by Vitality reflects the need for a solution to bridge the gap that exists between digital health solutions and high-touch, in-person clinical intervention to have a bigger impact on employee health and risk. It recognizes that traditional, isolated, singular solutions are only one part of a solution to better employee health and lower health risk for a business.
A Fundamentally Differentiated Model
Rising healthcare and workers’ compensation costs continue to be driven by chronic disease prevalence, injury exposure, and delayed intervention. This acquisition will enable employers to move away from managing these risks through individual vendors and better manage the underlying risks end-to-end.
Vitality’s long established and proven* approach to health engagement, and their actuarial understanding of how to drive behavior change in individuals was recently enhanced with the introduction of Vitality AI. This now generates a greater understanding of an individual’s health risk based across multiple data points and bringing lifestyle data, such as activity, together with medical claims to offer hyper personalized AI-enabled precision and insights at scale across businesses. This creates a healthier, more enabled, and informed employee base. This is all offered in both an evidence-based and engaging way, for a higher impact.
The introduction of Ramp Health further enhances and differentiates this model, providing human intervention when needed. Employers will be able to access on-site clinicians, coaches, and safety professionals to support employees to take actions that improve their health, further reducing the health and safety risk and driving healthier lives.
The new Vitality offering is a unique solution in the market and will support employers to manage medical claims and workers’ compensation costs through a single, end-to-end solution, with data-driven recommendations for employees translating into measurable, life-changing actions.
“Employers are looking for solutions that move beyond fragmented point offerings to deliver measurable health and safety outcomes for their employees,” said Maia Surmava, CEO of Vitality U.S. “This acquisition strengthens Vitality’s ability to pair sophisticated AI, predictive analytics, and behavior change science that supports better health outcomes, with trusted clinical and safety expertise, creating a seamless experience across digital, virtual, and onsite touchpoints. Together, we will deliver a more accountable and outcomes-focused model that will positively change and impact the lives of employees.”
Addressing the Full Spectrum of Employer Risk
The new platform enables employers to:
“Becoming part of Vitality allows us to take what Ramp does best and deliver it at a far greater scale,” said Rob Putnam, CEO of Ramp Health. “Together, we can amplify the reach and impact of our frontline healthcare and safety professionals and deliver even greater outcomes for organizations and their people.”
Vitality’s outcomes and impact on employee health are independently validated. An impact study reviewed by actuaries at Arbital Health demonstrated a 180% ROI and 4% savings on medical claims. Vitality is also endorsed by the Validation Institute for outcomes through Vitality Status – the central engagement and rewards mechanism in the Vitality experience, and a proven tool for risk segmentation and dynamic benefits design.
Vitality received legal advice from Taft and financial guidance from Houlihan Lokey.
Notes to editors:
*Vitality impact:
About Vitality
Guided by a core purpose of making people healthier, Vitality is the leader in improving health and unlocking outcomes that matter. By blending industry-leading smart technology, data, AI, incentives, and behavioral science, Vitality inspires healthy changes in individuals and organizations. More than 52 million lives have access to Vitality across Europe, the Americas, Asia, Africa and Oceania. For more information, visit vitalitygroup.com.
About Ramp Health
Ramp is a comprehensive, full-service risk mitigation provider that partners with employers, government agencies, and insurers to improve employee health and safety, increase engagement, and reduce healthcare and workers’ compensation costs. By combining a personalized digital platform with integrated onsite and virtual coaching and clinical services, Ramp delivers a holistic, end-to-end solution that differentiates it from traditional occupational health and digital-only vendors.
Fonte: Business Wire