OVERLAND PARK, Kan. — October 8, 2019 — WellSky Corporation, a leading health and community care technology company, and ClearCare, Inc. a leading provider of a software-as-a-service (SaaS) platform used by personal care agencies, today announced that WellSky has signed an agreement to acquire ClearCare. With the addition of ClearCare, WellSky solidifies its position in the personal care market, adding to the company’s already robust set of solutions and services for post-acute and community care, including the former Kinnser Software and PPS Plus. The transaction will close subject to customary closing conditions, including regulatory approvals.
We spoke with WellSky CEO Bill Miller. He spoke of the growing need throughout the U.S. healthcare system to improve patient care at every stop along the way. "Care coordination between home health and home care providers is a gap to fill that will help further reduce avoidable hospital readmissions," he told us. In light of that goal, ClearCare may be a beneficial acquisition because of its recent partnership with Amedisys in addition to other reasons, such as its EMR's dominance in the personal care provider space. (See "Care Coordination the Goal of Amedisys-ClearCare Partnership," 9/4/19)
Market share was a consideration as well, Miller told us. Asked about the ADLWare product, a private duty software system acquired by Kinnser Software before Kinnser joined WellSky, he said the product is excellent but ClearCare has both an excellent product and a large customer base. "We acquire companies to help them grow," he said. "We will be investing in the ClearCare product to facilitate that growth. ClearCare is an innovative market leader in personal care, and we look forward to building upon that legacy of success. With our shared vision of using interoperable technology to manage individuals across the care continuum, together, we can improve outcomes and close gaps in post-acute and community care."
ClearCare's SaaS platform supports billing, staff management, care delivery, and referral management processes. The San Francisco-based company boasts eight of the 10 largest agencies. More than 600,000 caregivers across 4,000 personal care agencies in the U.S. and Canada leverage ClearCare's platform to care for 500,000 seniors a year. In addition to its established personal care platform, ClearCare's new EHR-agnostic care coordination platform enables home health and hospice providers, like Amedisys, to partner with personal care agencies in closing the gaps in care.
"WellSky, ClearCare, and Amedisys share a common goal of improving the health and quality of life for our nation’s vulnerable populations," said Amedisys CEO and President Paul Kusserow. "It's clear that we all view better patient care as our ultimate priority, and we look forward to building our relationship further."
Through this acquisition, ClearCare gains access to expanded resources — including investments in technology, analytics, and professional services. WellSky will continue to invest in the ClearCare core software platform, and in the future, clients can expect expanded functionality, service enhancements, and connections to other venues of care. The acquisition also allows WellSky to offer its existing clients additional software and services to support growth and help scale as demand for in-home care increases.
"WellSky understands ClearCare’s mission to help personal care agencies operate efficiently and scale as payment models evolve and patient volumes shift to lower acuity settings of care," said Geoff Nudd, founder and CEO of ClearCare. "Their proven track record of success in post-acute care reflects our shared commitment to delivering excellent care to people in need, and we’re excited to combine our expertise and solutions to support our clients in even more ways."
CEO Miller added that ClearCare's entire team will remain intact in is San Francisco headquarters.
©2019 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