Netsmart Acquires Lavender & Wyatt Systems
Continued Market Consolidation Accelerates Integrated Healthcare Vision
Overland Park, Kan., Oct. 22, 2015 – Netsmart Technologies, the leading provider of post-acute electronic health records (EHRs) and technology for health and human services providers, announced today that it has acquired Lavender & Wyatt Systems, Inc. (LWSI). LWSI is a privately-held provider of EHRs and related services for behavioral health provider organizations.
“The addition of LWSI clients to the Netsmart family accelerates the growth of a comprehensive national human services provider network,” said Mike Valentine, CEO, Netsmart. “We’re also very excited about the opportunities to accelerate some of our mutual solution strategies to benefit this new combined client base.”
LWSI clients will now have access to comprehensive Netsmart CareRecord™ (EHR) options, and a range of other solutions and services to help them deliver quality care and maximize operational efficiencies:
An integrated care coordination and connectivity platform
Inclusion in the largest connected network of health and human services and acute care providers
A world class data center supporting the care of millions of consumers through secure, high availability SSAE16 – SOC 1,2 compliant hosting of EHRs and related IT applications
A comprehensive suite of organizational support services, ranging from implementation and technical support to back office
Workflow-centric mobile applications
Data analytics and outcomes toolset
Highly-adopted consumer engagement solutions
Ability to augment staffing and return focus to care provision through IT outsourcing. Services provided by Netsmart include partial or full IT outsourcing, from helpdesk to management consulting and on-site CIO services.
LWSI clients will also receive immediate benefit through utilization of the HIT Value Model™, a
vendor-agnostic planning and measurement system that provides a path for health and 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.
The LWSI Essentia™ general ledger modules will be added to the Netsmart CareGuidance suite and made available to all Netsmart clients, providing an integrated solution likely to be a required component in managing an organization that is participating in a value-based payment model.
“Behavioral healthcare providers are facing unprecedented transformation, including value-based contracting, new models of care and an evolving payer environment,” said Mickey Lavender, CEO of LWSI., who will join Netsmart and lead the continued development of Essentia solutions. “Considering these developments, I felt an obligation to identify a future path for LWSI clients we alone could not offer. Netsmart has the scale and resources to make the investments needed to help ensure provider sustainability in a value-based healthcare world.”
Netsmart is healthcare’s largest post-acute EHR provider, and is committed to helping health and human services providers deliver coordinated, integrated, outcomes-based services and care. Netsmart serves more than 20,000 clients across all 50 states, resulting in approximately 450,000 users of its software and technology solutions. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services and child and family services agencies, managed care organizations, and vital records offices.
Netsmart’s CareFabric™, a framework of innovative clinical and business solutions and services, supports integrated, coordinated delivery of health services across the spectrum of care.
Netsmart is pleased to support the EveryDay Matters Foundation, which was established for behavioral and public health organizations to learn from each other and share their causes and stories. For more information, visit www.everydaymatters.com
CareRecord, HIT Value Model and CareFabric are trademarks of Netsmart Technologies, Inc.
Essentia is a trademark of Lavender & Wyatt Systems, Inc.
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