COINS joins LOGEX on its mission to turn data into better healthcare
AMSTERDAM / KÖLN, November 10, 2021 – LOGEX, a European leader in healthcare analytics, today announces that COINS, a German market leader in hospital costing, is joining LOGEX. The transaction, closed on the 4th of November 2021, will further strengthen LOGEX’s European leadership position as a healthcare analytics provider.
COINS currently provides costing software solutions and related products to ~140 healthcare providers across Germany. This means that the combined group will partner with more than 700 hospital clients across Europe in the area of specialised healthcare financial analytics.
COINS and LOGEX share a vision for the role of data analytics in addressing the growing healthcare challenges that modern-day societies are facing. With aging populations, improved technological capabilities, and treatment possibilities, healthcare costs continue to rise to levels that are unsustainable. At the same time, increased transparency in reported outcomes shows significant (and unwanted) variations in the care received by patients.
COINS and LOGEX believe the answer to these challenges can be found in the abundance of operational, financial, and outcomes data that is generated by healthcare. Sophisticated analysis of this data can uncover actionable insights that show physicians, managers, and other healthcare leaders exactly where to take strategic action, that leads to the best possible outcome at the lowest possible cost.
“Sustaining the quality and affordability of care is a prominent challenge in many healthcare systems – Germany’s included. With this acquisition, LOGEX is thrilled to bring its depth and breadth of expertise in tackling this challenge to one of Europe’s largest healthcare markets. In COINS we have found a partner that shares our mission to deliver a measurable, positive impact on healthcare. COINS’ advanced software solutions and highly professional team fit perfectly with LOGEX. The opportunity to work closely together and help more than 700 healthcare providers across Europe turn their data into better healthcare is genuinely exciting.” said Philipp Jan Flach, CEO of LOGEX.*
“Together with more than 140 healthcare providers, COINS is making a major contribution to the data-driven development of healthcare financing and controlling in German hospitals. LOGEX is the European leader in healthcare analytics with a wide international network and deep expertise in data analytics. Together, we will be able to combine new insights on the quality of care with our financial information to offer innovative analyses to our clients – in Germany and across Europe. We are both excited about the positive impact that we can now bring to European healthcare as a merged organisation.” says Christoph Haas, CEO of COINS AG.
Over the coming months, LOGEX and COINS will work to leverage the combined expertise and innovative solutions of the wider group to help healthcare providers make decisions they can stand by and create impact they can measure.
LOGEX is leading the way in healthcare analytics in Europe. By turning data into actionable insights, LOGEX helps solve the complex healthcare challenge of managing costs whilst improving clinical outcomes. Headquartered in Amsterdam and with an international team of over 400 members, LOGEX helps over 700 public and private healthcare providers in Europe make data-driven decisions that level up patient outcomes everywhere and make the best possible care more affordable for everyone.
COINS is the market leader in German healthcare for InEK cost calculations. With over 9 billion euros of calculated costs every year and 140 clients, COINS offers business intelligence solutions to health providers with the mission to increase the medical and economic impact of the health system. Its product portfolio includes numerous analytic tools and software, being continuously developed by the highest technological sophistication. The key to COINS’ success is not just the pioneering technology, but the trusted relationships with its clients, lived by the 19 team members.
For more information about COINS, please visit their website.
*Note to editors – Interviews with spokespeople from LOGEX and COINS are available upon request.
Daniëlle van Leeuwen
LOGEX Communication Manager
Tel +31 6 54 660 215