Continuing to broaden its scope across the continuum of care, Netsmart Technologies of Overland Park today announced 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 firmly establishes Netsmart as the largest and most comprehensive supplier of community care technology solutions serving providers in the post-acute and human services segments of healthcare.
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.
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 HealthMDX. 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.”