Lyniate, a global provider of healthcare data interoperability, and CareCom, a provider of healthcare terminology management solutions including HealthTerm and CareIndexing, have entered into a definitive merger agreement. This strategic combination builds on Lyniate’s recently announced merger with NextGate, a longtime leader in patient identity data management, to further extend the company’s unique ability to offer the industry’s most complete suite of interoperability solutions. Adding CareCom solutions for terminology management, including cross-mapping healthcare terminologies into standardized data, will empower healthcare stakeholders to assemble and manage more complete and accurate patient information, enabling better care, reduced clinician burden, and optimized patient experiences.
CareCom solutions uniquely accommodate clinical expression by enabling the cross-mapping of all major healthcare vocabularies, including diagnostic and procedure codes. In addition, the solutions support FHIR terminology management and mapping, value set management, and converting unstructured data, such as notes fields, into discrete, interoperable information. Around the globe, healthcare organizations rely on HealthTerm to support data quality governance and health information exchange.
“Interoperability challenges exist at multiple levels, and we see semantic integration as integral to meaningful data exchange,” said Erkan Akyuz, CEO of Lyniate. “So much critical information is effectively locked away behind different standards of language, and our customers are eager to normalize and aggregate that data to build more complete and accurate records. This merger supports our strategy to continue to offer flexible, best of breed, and connected interoperability capabilities to better meet clinician needs and advance the standards of excellence in this rapidly evolving industry. The team and the technology are a great fit for Lyniate, and we are eager for the future, together.”
“We are excited about this growth opportunity to include our proven semantic interoperability solutions in the industry’s foremost interoperability suite,” said Jacob Boye Hansen, president and founder of CareCom. “Lyniate and CareCom share a vision for person-to-person interoperability that supports freedom of expression and is unconstrained by data location or format. This next phase of growth brings our customers additional resources, including Best-in-KLAS level service and compliance like ISO 27001.”
The Lyniate merger with CareCom is driven in part by a long and successful partnership between the two companies. Sharing several joint customers already, the combination of these interoperability leaders is expected to meet the market interest in “one-stop shopping” for a broad set of interoperability tools.
Integra Connect, a CareCom customer, is focused on enabling specialty care organizations to succeed under value-based care models and embrace precision medicine. This means oncology providers, payers, and life sciences companies depend on Integra Connect for actionable insights, based on high quality and accurate data. “We chose to leverage HealthTerm by CareCom’s terminology and ontology tools to map key data points — from labs, ICD/CPT codes, and more — as part of our process to create complete data sets for our customers,” said Cory Wiegert, chief operating officer of Integra Connect, LLC. “We look forward to seeing how we can build upon this success with Lyniate given our shared focus on reducing clinician burden and improving outcomes across healthcare specialty clinics, care networks, and payer organizations.”