NexJ solution to help healthcare providers improve patient outcomes and
lower the cost of care through patient activation
TORONTO, Jan. 21, 2014 /CNW/ - 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 info@nexj.com, 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.
