NexJ solution to help healthcare providers improve patient outcomes and lower the cost of care through patient activation
TORONTO, Jan. 21, 2014 /PRNewswire/ - NexJ Systems Inc. (TSX: NXJ), a provider of cloud-based software delivering enterprise solutions to the financial services, insurance, and healthcare industries, today announced that Ransford Health will begin offering NexJ Connected Wellness to Healthcare Systems and Accountable Care Organizations (ACOs) as part of its efforts to help them realize shared savings and improved outcomes through patient activation.
Ransford Health, a division of McMann & Ransford management consulting, began working with NexJ in July 2013 to consult on NexJ's US go-to-market strategy. After realizing the potential impact NexJ Connected Wellness could have on healthcare providers' outcomes and performance, and in particular for ACOs seeking to lower costs as part of their shared savings objectives, Ransford Health has entered in to an agreement to offer NexJ Connected Wellness to its clients.
"The level of interest we received when we introduced NexJ Connected Wellness to prospective customers left no doubt that it is a solution with massive opportunity," said Christopher Fox, Managing Partner of Ransford Health. "The market is craving practical solutions to advance their population health initiatives while optimizing utilization of their network's capacity. NexJ provides the missing link between that which is discussed in the physician's office and that which occurs in the patient's everyday world. We feel NexJ Connected Wellness has the potential to change the healthcare industry."
NexJ Connected Wellness and the health and wellness solutions available through the platform, including NexJ Transitional Care Management, NexJ Health Coach, NexJ Medication Adherence, is used by providers to engage and activate patients to take greater responsibility over their own health and wellness, such that they are able to proactively manage their chronic condition and achieve their health and wellness goals.
"We believe Ransford Health is well positioned to introduce NexJ Connected Wellness to Healthcare Systems and ACOs in support of their initiative to enable their patients to be more active and effective managers of their health and health care," said Eric Gombrich, Senior Vice President & General Manager, Health Solutions Group at NexJ. "We believe this agreement will have a material impact on revenue generated from both payers and providers in the United States."
Demand for health and wellness solutions is on the rise globally. According to a Consumer Electronics Association (CEA) report published January 2, 2014, personal health and wellness product sales and associated software and service revenues are expected to grow to more than more than $8 billion by 2018.
About Ransford Health
Ransford Health, based in Atlanta, GA, is a consulting and technology services firm that advises on and implements patient-engagement strategies within the context of population health. For the provider, Ransford Health stratifies the patient populations by risk, utilization, disease/care categories, and other relevant characteristics, and then works with the health system to develop and implement patient-engagement strategies uniquely and economically appropriate for each stratum. From the patient perspective, Ransford Health employs behavioral science principles to better engage patients and encourage them to play their part in improving their own health, thereby achieving the health systems' goal of population health management.
About NexJ Systems Inc.
NexJ is a provider of cloud-based software, delivering enterprise solutions for the financial services, insurance and healthcare industries. Our next-generation, people-centered software combines industry-specific functionality with information from multiple applications and data stores to provide comprehensive knowledge of the individual.
NexJ is named as Canada's fastest growing company in the 24th Annual PROFIT 200 ranking by PROFIT Magazine, and ranks in the top 5 of the Deloitte Technology Fast 50™ for the third consecutive year. Based in Toronto, NexJ has clients throughout North America and in Europe. For more information about NexJ, visit www.nexj.com, e-mail firstname.lastname@example.org, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.
NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ's securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE NexJ Systems Inc.