Healthcare IT provider Netsmart announced on May 2 that it has acquired Pennsylvania-based healthcare consulting firm, McBee. A joint news release opined that healthcare IT solutions and services from Netsmart coupled with McBee’s industry-leading healthcare professional services will provide community and acute care organizations with nearly a century of advisory and technology experience under one roof, furthering the alignment of care throughout the healthcare ecosystem.
We spoke with Netsmart Executive VP Kevin Scalia to ask how the two companies will work to blend their services, some of which overlap. He told us that McBee leadership and staff will remain intact and will continue to operate at their Wayne, Pennsylvania headquarters. McBee behavioral health clients will gradually be reassigned to Netsmart's consulting team, which has specialized in Revenue Cycle Management and operational consulting for the behavioral health sector for decades, long before Netsmart entered the home health, home care, and hospice sectors with the Allscripts Home Care division acquisition in 2016.
"Our two sales teams will work together to bring us clients in all sectors," Scalia told us. "But they will be assigned to the appropriate specialists in Senior Living, Behavioral Health, Home Health, Hospice and Private Duty Home Care. This acquisition builds upon and expands the Netsmart suite of consulting and managed services by adding industry expertise and resources specifically geared toward strategic consulting, change management, revenue cycle management, advisory and education services. When you partner with someone like [McBee president] Mike Dordick, who gets calls from CMS personnel seeking his advice, you know you are working with a respected authority."
McBee provides strategic consulting and insight needed for organizations to thrive in a value-based environment, with services in areas such as business organization structure, care management and clinical compliance, denials and appeals, bundled payments, billing and coding, OASIS accuracy, revenue recovery and more. These services are particularly valuable in the community and acute care markets as they undergo major reimbursement models.
Netsmart said in a joint news release, "The McBee brand name represents a respected voice in the industry, and while Netsmart plans to increase the value and collaboration with mutual clients, McBee will continue to serve as a thought leader and serve providers across the industry. Serving more than 3,800 providers and with over 250 McBee associates joining the Netsmart family, this addition creates a more aligned experience with improved integration between services and technology offerings from both companies. The two companies have proven track records that demonstrate strong capabilities to support healthcare clients from a business and clinical perspective with strategic solutions and services that help progress care quality, productivity and growth."
"The healthcare industry is progressing, and providers must be able to count on their business partners to be in sync to deliver the tools and services to support these rapid changes," said Netsmart CEO Mike Valentine. "Together with McBee, we can help these same providers be successful today, tomorrow and beyond."
TripleTree acted as the exclusive strategic and financial advisor to McBee for this transaction.
McBee is a health care services and consulting firm that delivers financial, operational, and clinical consulting services exclusively to healthcare providers across the continuum of care. For more than 45 years, McBee has designed services to improve clients' clinical, operational, and revenue cycle performance. McBee associates offer solutions that address the unique financial and operational needs of more than 3,500 hospitals, home health, long-term care, and other healthcare organizations, including Fortune 500 companies, major for-profit and not-for-profit chains, health systems, and independent providers. Corporate headquarters is in Wayne, Pennsylvania. Additional offices are located in Columbia, Maryland and Richmond, Virginia.
Netsmart designs, builds and delivers electronic health records (EHRs), solutions and services to providers of behavioral health, care at home, senior living and social services. More than 1,700 associates work with 600,000+ users in more than 25,000 organizations across the U.S.www.ntst.com
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