Key Highlights
- Innovaccer acquires PQS, expanding its ecosystem to include payer, provider, and pharmacy networks.
- The acquisition covers 95% of community pharmacies and 60 million lives, boosting Innovaccer’s market reach.
- This marks Innovaccer’s second acquisition in the past three months, signaling rapid expansion and strategic growth.
Source: Business Wire
Notable Quote
- “We are excited to work with the PQS team to create an ecosystem approach of accelerating Value-Based Care, with data and AI. We look forward to working with the Innovaccer team to… unlock the potential for improved patient outcomes from payer, provider and pharmacy collaboration.” – Abhinav Shashank, Co-founder and CEO at Innovaccer
SoHC's Take
Innovaccer’s latest acquisition of Pharmacy Quality Solutions represents a significant stride towards realizing a comprehensive, connected healthcare ecosystem. By integrating PQS’s extensive pharmacy network and expertise, Innovaccer is set to enhance patient outcomes and streamline clinical data exchange among payers, providers, and pharmacies. This move not only broadens Innovaccer’s capabilities but also reinforces its commitment to advancing value-based care. With the healthcare industry evolving rapidly, Innovaccer’s strategic acquisitions position it as a pivotal player in shaping the future of healthcare delivery, promising improved accessibility, efficiency, and outcomes for patients across the globe.
