Carenet Health

Texas-based Carenet Health is a global patient engagement facilitator for healthcare providers. Carenet’s goals are to help its clients increase revenues, reduce costs, and improve their customer experiences. To this, the company provides healthcare engagement solutions, clinical support, telehealth services, care navigation support and design services, and provides detailed health insights to providers.

The company claims its insights generate more than 7,500 data points across more than 200 fields and that one in four Americans have access to its services. The company operates on a B2B and B2B2C basis, where it provides its services to healthcare providers, health plans, and employers. 

In December 2022, the company acquired fellow patient engagement provider Stericycle Communication Solutions for USD 45 million in a cash deal. The announcement marked the second acquisition Carenet Health completed in 2022, following its acquisition of OpenMed in January. The acquisition of Stericycle Communication Solutions was carried out to bolster Carenet Health’s services, which incorporated Stericycle’s functions such as its virtual scheduling, messaging tools, and additional call center services.