Serving the home health, home care and hospice industry since 1999.
Overland Park, Kansas — October 27, 2016 — Continuing to broaden its scope across the continuum of care, Netsmart announced on Thursday the acquisition of HealthMEDX®, a Missouri-based developer of electronic medical record (EMR) solutions for long-term and post-acute care including: continuing care retirement communities, assisted living, independent living, skilled nursing and home care providers.
The addition of long-term care (LTC) capabilities positions Netsmart as perhaps the largest supplier of community care technology solutions serving providers in the post-acute and human services segments of healthcare. (See "Allscripts Reinvests in Home Care," HCTR, 3/30/16)
Netsmart EVP Kevin Scalia told us that his CEO and executive team take a long view of post-acute care that anticipates the day when silos are torn down between SNF, ALF, patient home, and hospice locations of care. "This is what was behind the acquisition of Allscripts Home Care by us, a behavioral health software company," he said, "and it is the same reason we would acquire a LTC software provider. The unspoken implication was that today's announcement might not be Netsmart's last.
A company statement explained that there is a growing demand for services in LTC and other sectors served by HealthMEDX. U.S. Census Bureau data indicates the population of those aged 65 and older will more than double by 2050 and comprise 20 percent of the U.S. population. Many of those served by LTC have multiple co-occurring health conditions that require coordinated, integrated care for improved outcomes.
"The acquisition of HealthMEDX is a major new building block on our journey to build a comprehensive platform to serve community-based providers," said Netsmart CEO Mike Valentine. "We have the scale, experience and resources to make the investments today needed to position community-based providers for the value-based healthcare world. Managing the health of populations is impossible without tight integration between large health systems and the various community-based providers. Through our CareFabric® platform, we have made more than 1.1 million connections between care providers. We have established a provider bridge that enables care of the whole person throughout the care continuum. We extend a warm welcome to HealthMEDX clients and associates as they join the Netsmart family."
Transitioning to the Netsmart client community, HealthMEDX customers can also leverage the CareFabric platform of clinical and business solutions, including interoperability, revenue cycle management, data analytics, care coordination and consumer engagement technologies, the news release stated.
Providers using an integrated technology framework for LTC, home care and behavioral health can improve outcomes, increase referrals for targeted care, and reduce costs. In an era of integrated, value-based care, this framework equips providers with the infrastructure and tools needed to lead the transformation of the healthcare system from one based on acute care and inpatient treatment to more effective and efficient community-based care models.
"Netsmart provides the scale and solutions to help providers evolve to the world of value-based care, the ‘new normal’ for all of healthcare, including LTC," said Pamela Pure, CEO of HealthMEDX. Pure will join the senior leadership team at Netsmart. "In this exciting, dynamic time I look forward to a smooth transition and the new opportunities for growth and success for our clients and associates."
Netsmart is healthcare’s largest human services and integrated care technology provider. Netsmart technology platforms and expertise are integral to the delivery of outcomes-based services and care to more than 25 million persons nationwide.
Netsmart serves more than 500,000 users in more than 24,000 organizations across all 50 states. Netsmart client communities include behavioral health; addiction treatment; intellectual and developmental disabilities; child and family services; public health; home health, hospice and palliative care and private duty; long-term care and vital records.
Netsmart’s CareFabric suite, a framework of innovative clinical and business solutions and services, supports integrated, coordinated delivery of health services across the spectrum of care.
Netsmart’s HIT Value Model™ metric, a vendor-agnostic planning and measurement system, provides a path for human services organizations to evaluate where on the healthcare IT spectrum they should focus their efforts, the value associated with that strategic decision and a comparison with peer organizations nationwide.
Netsmart also supports the EveryDayMatters® Foundation, which was established for human services organizations to learn from each other and share their causes and stories.
©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. email@example.com