With Core xRM’s technology solutions, WeCare is expected to gain an immediate strategic market advantage
US-based Core xRM has acquired WeCare to offer new technology solutions for the healthcare industry and deliver enhanced outcomes for consumers.
With its healthcare administration solutions, WeCare is focused on bringing improved consumerism to healthcare spending.
The acquisition is expected to enable the two companies to combine their efforts to improve efficiency, transparency and the administration of healthcare for consumers.
Through the deal, WeCare will also benefit from Core xRM’s approaches to deploying data applications and other forms of technology for health plans, third-party administrators and other healthcare organisations.
WeCare CEO Jason Hager said: “We know that in order to solve the toughest challenges in healthcare, we have to be in command of the data that drives decision making at all levels. We’re thrilled about the opportunity to work together to achieve our mission of bringing consumerism to healthcare spending.”
Core xRM is expected to be rebranded to WeCare, as part of the acquisition.
The deal is anticipated to provide an immediate strategic market advantage to WeCare, as the startup will be able to leverage Core xRM’s technology solutions to the healthcare industry.
Core xRM supports healthcare payers with its Software as a Service (SaaS), data management and data quality solutions.
Currently, its solutions manage or provide services to more than 3.3 million members across the US for its healthcare payer clients.
Core xRM board chairman and president Larry Martin said: “We are excited about the potential that our combined organization has to deliver solid technology to more health plans, third-party administrators, and healthcare organizations.”
WeCare will also start supporting healthcare payers and third-party administrators who, under provisions of the US federal government’s No Surprises Act, are required to have enhanced consumer shopping tools as of 1 January 2023.
In addition, the company is expected to provide an intelligent technology platform to facilitate smart choices for consumers and help bring consumerism to healthcare spending.