Company Description
Sharecare (historically traded on Nasdaq under the symbol SHCR) is a digital healthcare company that delivers software and tech-enabled services to stakeholders across the healthcare ecosystem. The company describes its platform as a way to help people manage all their health in one place, improve care quality, drive better outcomes, and lower costs. Through a comprehensive, data-driven virtual health platform, Sharecare supports individuals across their health journeys by enabling positive behavior change and helping make high-quality care more accessible and affordable.
According to company disclosures, Sharecare’s platform combines data-driven AI insights, evidence-based resources, and a broad set of digital capabilities. These include benefits navigation, care management, home care resources, health information management, wellness programs, and digital therapeutics. By unifying these functions, Sharecare aims to help people, providers, employers, health plans, government organizations, and communities optimize both individual and population-wide well-being.
Sharecare organizes its activities across three primary business channels. In its work with health plan sponsors, commercial and government health plans, and managed care organizations, the company focuses on personalized and value-based care at scale, including navigation platforms purpose-built for specific populations such as Medicaid members. Through its provider-focused operations, including its Health Data Solutions business channel, Sharecare offers release of information (ROI) and related health information management solutions that are intended to support revenue generation, reduce administrative burden on practice staff, and increase patient satisfaction. A third channel serves life sciences and pharmaceutical brands with condition-specific, interactive media and education solutions designed to engage, educate, and activate patients and healthcare professionals.
Sharecare also emphasizes population health and community well-being initiatives. Through Blue Zones Project by Sharecare, the company collaborates with local partners and Blue Zones, LLC on community-led well-being improvement efforts. These initiatives apply evidence-based best practices in built environment, policy, and social connection to help communities improve health outcomes and reduce healthcare costs at scale. Examples include city-wide projects where schools, restaurants, worksites, and local organizations implement policies and programs that encourage healthier behaviors and environments.
In addition to navigation and care management capabilities, Sharecare develops interactive tools and content aimed at improving health literacy and treatment adherence. The company has introduced a range of condition-specific, customizable solutions that use immersive media, interactive health education tools, and data-driven insights to deepen audience understanding of disease progression and management. These offerings are designed to address low health literacy, close communication gaps between patients and providers, and support life sciences brands in aligning their campaigns with consumer insights.
Sharecare’s interactive solutions for life sciences brands include tools that allow patients and caregivers to visualize how conditions progress, explore symptom and treatment information, and better understand lifestyle and mental health considerations related to their diagnoses. The company reports that its programs for life sciences and condition education centers have generated audience quality metrics and prescription-related outcomes that compare favorably to other data partners, and that engagement with its programs is associated with a higher likelihood of patients discussing related topics with their doctors.
Within its Health Data Solutions channel, Sharecare highlights a long history in release of information and health information management. Its stand-alone and bundled solutions are described as addressing provider challenges across ROI, audit fulfillment, medical record support services, FMLA and disability form completion, value-based care enablement and MIPS quality reporting, revenue cycle support, clinical and non-clinical home care, and healthcare professional staffing. Security, privacy, and regulatory compliance are presented as core elements of the value delivered to provider clients.
Sharecare’s role in broader health and wellness data ecosystems is also reflected in its participation as a data source for external organizations. For example, U.S. News & World Report cites Sharecare as one of the data providers used in its Best Places to Live rankings, which incorporate well-being measures when evaluating cities.
From a corporate perspective, Sharecare underwent a significant ownership change when it entered into, and later completed, an acquisition agreement with Altaris, LLC, an investment firm focused on the healthcare industry. Under the terms of the transaction described in company announcements, Sharecare’s stockholders received cash consideration per share, and upon completion of the acquisition, Sharecare became a privately held company and its common stock ceased trading on the Nasdaq stock market. Company communications state that Sharecare continues to operate under its existing brand as a standalone company under Altaris’ ownership, with its headquarters remaining in Atlanta.
Across its channels and initiatives, Sharecare consistently describes its philosophy as “all together better,” emphasizing support for each individual through the lens of personal health while enabling stakeholders across the healthcare system to deliver personalized and value-based care at scale.
Business model and revenue drivers
Based on the company’s own descriptions, Sharecare generates revenue by delivering software and tech-enabled services to multiple types of healthcare stakeholders. For health plan sponsors and health plans, this includes benefits navigation platforms, care management programs, and other services aimed at improving engagement and outcomes. For providers, revenue is associated with health information management and ROI services, audit fulfillment, and related administrative and clinical support offerings. For life sciences brands, Sharecare offers interactive media solutions, condition education centers, and patient and provider engagement programs that support marketing and health promotion campaigns.
Position in the digital health and health information services space
Sharecare characterizes itself as a digital health or digital healthcare company with a comprehensive, data-driven virtual health platform. Its activities span digital navigation, population health, health information management, and patient and provider engagement. The company’s work with communities through Blue Zones Project, with health plans and employers on benefits navigation and wellness, and with life sciences brands on interactive condition education positions it at the intersection of consumer health, enterprise healthcare services, and health information management.
Key offerings and capabilities
- Virtual health platform: A data-driven, interoperable ecosystem designed to help people access, navigate, and unify health resources in one place, and to help organizations manage population-wide well-being.
- Benefits navigation and care management: Tools and services, including a platform purpose-built for Medicaid populations, intended to help members understand and use their benefits and engage with care programs.
- Health Data Solutions: Release of information, audit fulfillment, medical record support, form completion, value-based care enablement and quality reporting, revenue cycle support, and staffing-related services for providers.
- Interactive media and condition education: Condition-specific, customizable solutions using immersive and interactive formats to improve health literacy, support treatment adherence, and align life sciences campaigns with consumer insights.
- Population health and community well-being: Blue Zones Project by Sharecare, a community-led initiative that applies evidence-based practices in environment, policy, and social networks to improve well-being at the city and regional level.
Corporate status and listing history
Sharecare’s common stock previously traded on Nasdaq under the ticker SHCR. Following a definitive agreement announced with Altaris and subsequent shareholder approval, the company reported that the acquisition by Altaris was completed and that, as a result, Sharecare’s common stock ceased trading and would no longer be listed on Nasdaq. Sharecare indicates that it continues to operate as a standalone company under Altaris’ ownership.
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No SEC filings available for Sharecare.