New private duty data service
ClearCare Online, Inc., the San Francisco-based provider of cloud-based software for private duty home care agencies, announced on January 9 the release of ClearCare Insights, a new Bid Data analytics system that provides home care agencies access to ClearCare system data related to an agency network.
The company stated that benefits include the ability to actively monitor agency data across an enterprise of any size, analyze data to identify opportunities and inefficiencies, view a complete picture of platform data to ensure compliance, and track performance office by office across an organization's network.
For example, CEO Geoff Nudd told us, Insights leverages forecasting capabilities inherent in Big Data. "You can use analytics or even machine learning to predict when a client is on the verge of going into a nursing home or a caregiver is at risk of burnout and quitting."
Users gain access to data elements stored in a high-performance cloud-based data platform where they can isolate data sets related to specific criteria such as time frame, office location, billing, schedules and more.
"We are committed to giving our customers the tools they need to harness the power of their data," Nudd added. "Our goal is deliver a competitive advantage to our customers and empower them to innovate faster."
Corridor acquires Transpirus
Overland Park, Kansas — January 11, 2017 — The Corridor Group Holdings, LLC announced today that it has acquired Transpirus LLC, a provider of outsourced coding, revenue cycle management and strategic consulting solutions for the home health and hospice industry. The transaction was completed on December 23, 2016. With Transpirus, Corridor says, it becomes the largest national provider of full service revenue cycle, clinical documentation review, advisory and education services dedicated to home health and hospice.
"Transpirus has an excellent reputation for quality," said Des Varady, Chief Executive Officer of Corridor. "Combining with Transpirus strengthens Corridor's ability to deliver services at scale and in a tailored way to meet each client's needs."
Ron Malone, Principal of Transpirus and former CEO of Gentiva Health Services, will join Corridor's Board of Directors. "Corridor has a strong reputation for delivering quality services," said Mr. Malone. "The combination of Corridor and Transpirus will leverage our joint capabilities and enhance offerings to our customers."
"Transpirus expands Corridor's industry leading post-acute services platform in a very meaningful way, consistent with our strategy and investment objectives," said Guy Bryant, HealthEdge Operating Partner and Corridor Board Chairman. "We are very excited to have Ron join our Board and for Transpirus to be part of the Corridor team."
Transpirus is a business process outsourcing and consulting firm specializing in the home health and hospice industry. Transpirus offers end-to-end outsourced coding, revenue cycle management and strategic consulting solutions in the areas of compliance, due diligence, financial, clinical and regulatory services.
About The Corridor Group Holdings, LLC
Founded in 1989, The Corridor Group Holdings, LLC is a leading provider of outsourced coding, revenue cycle management, compliance services, consulting, and educational solutions to the post-acute healthcare industry. Corridor is a portfolio company of HealthEdge Investment Partners.
About HealthEdge Investment Partners, LLC
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge invests in businesses that benefit from the knowledge, experience and network of relationships of its partners.
©2016 by Rowan Consulting Associates, Inc., Colorado Springs, CO. All rights reserved. This article originally appeared in Tim Rowan's Home Care Technology Report. homecaretechreport.com One copy may be printed for personal use; further reproduction by permission only. firstname.lastname@example.org