GP practices and healthcare groups can continue to use Philips Vital Health's claims and payment software. The med tech company announced earlier this year that it was divesting Vital Health. Following an agreement with Philips, Bettr Finance will take over the financial modules.
The deal in a sense completes the circle. Initiator and director Arjan Karens had been involved with the Vital Health healthcare platform before it was acquired by Philips in 2017. Due to the affair surrounding failing respiratory equipment for patients with sleep apnea, Philips chose to focus on core business earlier this year.
Satisfied customers
This marked the end for Vital Health. With that, the customers, who Karens said were very satisfied, were forced to look for an alternative to the digital services that ran through the platform. With the continuation of the financial modules, Bettr Finance hopes to retain the majority of its primary care users. In addition, the digital service provider is targeting a number of new customers.
Reducing administration
"Our platform demonstrably helps GP practices and healthcare groups in reducing administrative work," Karens clarifies Bettr Finance's proposition. "The financial modules enable healthcare institutions to fully manage the process of declarations and disbursements themselves. At a time when the pressure on the healthcare sector is only increasing, it is important that healthcare institutions get the right support in their administrative processes and get paid based on the work done."
Hybrid care
Karens expects to expand Bettr Finance's offerings in the near future. "You can think of a follow-up consultation or combined lifestyle intervention. We think we can optimally support the declaration of such new forms of traditional as well as hybrid care."
Further development
Bettr Finance is part of the Bettr Health Group. Which was founded to support healthcare with innovative solutions using smart technology that support professionals, patients and the institutions in the increasing challenges in healthcare. For now, the focus is on the further development of digital financial services. "This is a first step," Karens states. "But the most important thing now is that we are back there and ready to roll up our sleeves."
