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FOR IMMEDIATE RELEASE
Revolution Health Group Licenses Wellogic Technology
Technology Forms Foundation of New Health Offerings
Washington, DC and Cambridge, MAApril 27, 2006Revolution Health Group, a consumer-centric health company launched by AOL Co-founder Steve Case, and Wellogic, a healthcare software solutions company, today announced that Revolution has licensed Wellogic's Web infrastructure technology, the Wellogic Platform for Healthcare, and related services to form the foundation for Revolution Health's central data repository and interoperability capabilities.
Founded in July 2005, Revolution Health Group is creating a company where patients are put at the center of the health system, with more choices, convenience, and control over their healthcare. Revolution Health is integrating the technology and resources of numerous healthcare companies to offer consumers options, such as retail-based health clinics, health coverage that gives them more control, and an online portal for managing their health.
Revolution Health will use Wellogic’s technology to accelerate its development of consumer-facing Web solutions. The solutions will securely store patient data in Wellogic’s clinical data repository; interoperate with payor, employer, and provider clinical and financial systems via Wellogic’s health information exchange (HIE); and leverage Wellogic’s acclaimed Wellogic Data Access Components (WDAC) for scalability, performance, and coherence across multiple applications. The two companies will also publish and jointly evolve Wellogic’s Web-services application programming interfaces (APIs) to provide trading partners with the rich ability to publish and request data with the Revolution Network. Channel and joint marketing arrangements will further enhance the value and depth of the relationship.
“Revolution Health is creating an integrated approach to health and healthcare that will deliver new products and services to consumers, which will help simplify what today is an extremely complex space,” said John Pleasants, CEO of Revolution Health Group. “Through the use of Wellogic’s technology, we are creating a foundation for an integral segment of our business that is flexible, scalable and reliable.”
“The team at Revolution knows what it takes to create and operate large-scale technology infrastructures that deal with massive numbers of users and huge volumes of complex data,” said Sumit Nagpal, President and CEO of Wellogic. “Their selection of Wellogic as a key technology partner is a major milestone for Wellogic, and further endorses the results of over a decade of technological innovation by us in this very complex domain. We are grateful for their partnership, and look forward to participating in Revolution’s work to dramatically transform healthcare.”
About Revolution Health Group
Revolution Health Group was established in July 2005 to create the leading comprehensive consumer-centric healthcare company. One of three business groups in the Revolution LLC family of companies, Revolution Health empowers consumers by putting them at the center of the health system, building innovative health-related companies through investments, acquisitions and partnerships. Revolution Health’s strategy is to create businesses and products that provide greater consumer choice, control and convenience in three key healthcare sectors affected by the rapid growth of the Internet, and defined-contribution health plans: content; coverage; and care.
About Wellogic
Wellogic provides clinical solutions for connecting the healthcare community. Wellogic Consult, the company’s award-winning clinical solution, unifies patient information and clinical workflows across hospital, payer, employer, pharmacy, and service provider systems, providing a comprehensive patient record and clinical decision support at the point of care. Consult is being used to enable anytime, anywhere access to clinical information and transactions across previously disconnected parties. These securely connected communities result in more timely decision making, enhanced patient safety and quality of care, reduced delivery costs, and improved outcomes and satisfaction. Consult is built upon the Wellogic Platform, a modern health information exchange framework adopted by leading HIS vendors, service providers, and provider organizations, which offers enterprise-class scalability, integration, and performance at an affordable price.
Disclaimer: This news release may contain forward-looking statements relating to the success of any of the strategic initiatives of the companies, their growth and profitability prospects, the benefits of the products of the companies to be realized by customers, the position of the companies in the market and future opportunities therein, and future performance of the companies mentioned herein. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, approvals by corporate boards of the companies, risks involved in the completion and integration of agreements, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the company’s customers and other. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the companies do not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
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