Serving the home health, home care and hospice industry since 1999.
OVERLAND PARK, Kansas - April 6, 2018 – Today, Netsmart announced a definitive agreement to acquire the home care and hospice solutions of Change Healthcare, formerly known as McKesson Homecare and McKesson Hospice. The Change Healthcare home care and hospice team has established their reputation in the post-acute care space over the last 30 years, and this acquisition is expected to solidify the position of Netsmart as a leading provider of post-acute technology and services.
"Over the last two years, Netsmart has taken significant, yet deliberate, steps to uniquely position our clients for success in the evolving healthcare ecosystem as the value-based care models take shape and narrower networks impact home care," said Netsmart CEO Mike Valentine. "Working with our clients, we have proven that home care and hospice providers can integrate with their referral partners in a more effective manner. With the Change Healthcare homecare and hospice team and their solutions, we are adding deep domain knowledge to our team, which is key for us to continue to move at the speed in which healthcare is consistently changing. Upon close, we will begin immediately to integrate the Change Healthcare Homecare Advisor™ and Hospice Advisor™ solutions with our CareFabric® solutions. This will allow clients to use our health information exchange (HIE), analytics, referral management and mobility solutions."
Homecare Advisor and Hospice Advisor increase clinician satisfaction and efficiency, providing more time to focus on patient care. The financial solutions help ensure documentation compliance and shorten revenue cycle times, and the easy-to-use insights and data enable organizations to focus on improved financial, clinical and operational performance.
"We are the largest IT company exclusively serving community-based providers in healthcare," said Valentine. "Two years ago we entered the post-acute space and since then, we have been laser focused on applying the extended solutions and services that have helped advance our behavioral health and human services clients to the home care and hospice space. Coming into 2018, we have some really solid proof points which support our belief that post-acute providers need more than just a traditional EHR to be successful."
"Since joining the Netsmart family when our home care solution was acquired, we’ve seen a dramatic improvement in enhanced features and functionality along with a client experience model that makes me feel more connected and aligned," said David Lafferty, EVP and CIO of Tidewell Hospice. "For our organization, two key priorities are interoperability with other community providers and better analytics to help focus our clinical and financial operations on quality and efficiency. The Netsmart strategy is broader than what we have seen with other healthcare IT providers. This allows us to tackle all of our challenges with a comprehensive unified platform."
©2018 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