AEON Corporation has acquired Aware Health for an undisclosed amount. This transaction brings Aware Health's specialized orthopedic care solutions under AEON's umbrella, expanding its offerings for self-insured employers. Aware Health partners with these employers to deliver cost-effective, research-based orthopedic care to employees, addressing one of the top medical costs for US businesses. The company focuses on promoting awareness, healing, and wellbeing, aiming to significantly cut employer costs while facilitating faster employee recovery.
Aware Health's model is built on cutting-edge research to inform clinical decisions, successfully triaging, diagnosing, and optimizing care delivery. This approach leads to lower utilization rates for costly diagnostics and treatments. A published study in PM&R detailed Aware Health's results, showing low healthcare utilization over 12 months for enrolled employees, including less than 8% for imaging, under 2% for surgery, and less than 2% for opioid use. Its commitment to listening generously, equipping clients with knowledge, and developing solid relationships has also contributed to a litigation rate below 1%.
The acquisition of Aware Health by AEON Corporation is a move to integrate a proven, cost-saving solution into AEON's portfolio. This combination aims to enhance AEON's capacity to provide comprehensive health management services to employers. By incorporating Aware Health's expertise in orthopedic care, AEON strengthens its ability to help companies manage significant healthcare expenditures and improve employee health outcomes. The unified entity will leverage Aware Health's clinical model with AEON's broader resources to scale its impact.
The combined organization is now better positioned to meet the growing demand for effective and efficient orthopedic care management. This integration will allow for broader implementation of modern care and preventive measures for healing orthopedic conditions, fostering a healthier and more empowered workforce. The focus remains on delivering substantial value to employers through reduced costs and improved employee wellbeing.