TA Associates's RLDatix acquires Verge Health
TA Associate's portfolio company RLDatix, a global provider of intelligent patient safety solutions, has acquired Verge Health, a credentialing software provider.
This acquisition brings together two specialists in the Governance, Risk, and Compliance (GRC) healthcare software market.
Medical errors remain the third leading cause of death in the US, and the World Health Organization estimates that adverse events due to unsafe care rank as one of the top 10 causes of death and disability around the world. These adverse, yet preventable, events are incredibly costly and account for an estimated 15 percent of all hospital expenditures across OECD countries.
“Healthcare’s traditionally siloed approach to risk management, patient safety, provider management, and compliance has limited the ability for organisations to mitigate avoidable harm,” said Jeff Surges, CEO of RLDatix. “With Verge Health, we are unifying at an enterprise level all of the tools necessary to recognise flawed practices and prevent adverse events. This acquisition represents an enormous acceleration of Applied Safety Intelligence and solidifies our position as the global leader in patient safety software at a time when accreditation organisations like The Joint Commission are expected to take more active steps to reduce adverse events.”
RLDatix is the only provider that partners with healthcare delivery organisations globally to provide a comprehensive view of enterprise risk through a safety-first lens. With this acquisition, RLDatix unifies the four key pillars of GRC under one roof: Safety, Compliance, Provider Management, and Strategic Advisory Services. By elevating conversations about compliance, credentialing, safety, and risk to the enterprise level, RLDatix helps leaders make the systemic changes necessary to achieve true harm reduction in a way that will transform the delivery of care.
“At Verge Health, improving the safety of patients and caregivers has always been central to our mission,” says Connie Moser, CEO of Verge Health. “Our Converge platform was the first to unite safety and compliance with provider management, and our recent launch of Insights, our analytics solution, represents another milestone in the journey to ‘zero harm.’ Now Verge is taking the next step to advance safety-led risk management by joining with the global leader in patient safety, and we are thrilled to be continuing our work as part of RLDatix.”
The Verge Health acquisition comes at a moment when the Covid-19 pandemic has placed the safety of healthcare facilities, front line staff, and patients even further at the forefront of the national health care conversation. With the added provider management, compliance, and analytics solutions of Verge, RLDatix offers healthcare delivery and insurance companies a clear path forward to strengthen trust, capture revenues and to prevent the occurrence of adverse safety events.
“We’re excited to adopt RLDatix’s Applied Safety Intelligence framework and bring together several of our disparate processes,” says Sherri Hess, Chief Nursing Informatics Officer of Banner Health. “The opportunity to have two key vendors join forces so that our safety and provider data, CANDOR training, and oneSOURCE documentation can be united to drive our high reliability efforts is paramount in ensuring we continue to drive safe, efficient healthcare.”