Appriss Health — a cloud-based care coordination software company known for its focus on behavioral health — has rebranded as Bamboo Health.
The new name comes just a few months after the company acquired PatientPing, which focuses on physical care coordination. The goal of the deal, which came in at a reported $500 million, is to create the most comprehensive and diverse care collaboration network in the country — one that brings together both physical and behavioral health.
The new name — Bamboo Health — is meant to reflect the company’s commitment to whole person care coordination, as bamboo is a symbol of strength, flexibility and health.
“We really wanted to represent who we were as an organization in a new way,” Rob Cohen — president and general manager of Bamboo Health — told Behavioral Health Business. “If you look at the histories of the two companies, both tackle really valuable and challenging issues, and both do a really good job at it. But what we wanted to represent was the more expansive vision, mission and capabilities of the organization.”
Prior to its acquisition of PatientPing, Appriss specialized in using data analytics to help health plans, health systems, pharmacies and other clients identify and mitigate substance use disorders (SUDs).
Meanwhile, PatientPing focused mostly on physical health and transitions in post-acute care. The cloud-based software company notified hospitals and post-acute care entities when patients showed up in a particular site of care.
Together as Bamboo Health, the combined company now supports more than 2,500 hospitals, 37 payers, 7,800 post-acute facilities, 25,000 pharmacies and 45 state governments. Plus, it reaches more than one million acute and ambulatory providers through integrations into hundreds of EMR vendors, every national pharmacy chain and nearly every independent pharmacy system vendor.
Bamboo Health allows for seamless information exchange and provides actionable insights for providers, payers and other stakeholders. It’s meant to help users advance toward value-based care.
Next on the docket for the company is continuing the integration of Appriss and PatientPing, which is currently going “very well,” according to Cohen.
“We are singularly focused on changing the potential for whole person care into a reality,” he said.