ChartSpan-Validic Deal Signals RPM Platform Consolidation
ChartSpan has acquired Validic, combining ChartSpan’s care management services with Validic’s device-data infrastructure to create a single remote care management platform. The combined company will operate under the ChartSpan name and support chronic care management, Advanced Primary Care Management (APCM), and remote patient monitoring (RPM) by linking care teams with patient-generated data from connected devices. ChartSpan CEO Christine Hawkins said the deal helps healthcare organizations “move from periodic observation to continuous understanding.” The acquisition expands ChartSpan’s customer base to health systems, digital health companies, payers, and life sciences organizations, and arrives as CMS’s APCM billing pathway — which became billable January 1, 2025 — gives clinicians a bundled monthly payment option for primary care management instead of per-service billing.
For multi-site primary care and chronic disease programs, this signals consolidation in the RPM and care-management vendor stack — fewer point solutions, more bundled platforms — right as CMS’s APCM billing code makes monthly bundled reimbursement more attractive than fee-per-service.
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What does the ChartSpan-Validic merger combine?
ChartSpan’s care management services are combined with Validic’s device-data infrastructure, including its health data API, RPM software, and device logistics support. The combined company will operate under the ChartSpan name and serve health systems, payers, and life sciences organizations.
How does CMS’s Advanced Primary Care Management billing code affect this deal?
CMS’s Advanced Primary Care Management (APCM) services became billable January 1, 2025, letting clinicians bill bundled monthly payments for primary care management instead of tracking minutes for each service. That billing shift increases demand for the kind of remote monitoring and care-management infrastructure ChartSpan and Validic now offer together.
How much funding had ChartSpan and Validic raised before the acquisition?
ChartSpan had raised a $15 million Series A led by BIP Capital in 2019, following earlier rounds of $16 million in 2017 and $3.2 million in 2016. Validic raised $12 million in 2022 in a round led by Kaiser Permanente Ventures, after earlier rounds including $12.5 million in 2015.