Netsmart Continues Post-Acute Expansion with DeVero Acquisition
Overland Park, Kan., July 19, 2017- Netsmart announced it has acquired DeVero, a healthcare technology company that specializes in home healthcare and hospice. Netsmart is an innovative healthcare technology provider that provides electronic health records (EHRs), health information exchange, data analytics, mobile clinical and consumer engagement solutions for behavioral health, social services and post-acute communities.
The acquisition further advances the Netsmart home care offerings, reinforcing Netsmart as the technology platform of choice for post-acute care. With a proven track record of digitizing and integrating behavioral health with its physical health counterparts, Netsmart now extends that expertise and best practices into home care and long-term care. Netsmart merged with the Allscripts Homecare™ business unit in 2016, and has significantly expanded its national health information exchange (HIE), which now connects more than 68,000 human services and post-acute provider organizations and more than 1 million individual providers.
“We’ve always had a strong ongoing commitment to providing our clients with leading-edge clinical and business solutions specifically designed for their communities,” said Netsmart CEO Mike Valentine. “The addition of DeVero to our family provides our home care clients with a full-featured, home care-specific mobile clinical solution that will add even more capabilities for integration and automation across all care settings, and offers DeVero clients access to our HIE, analytics and billing solutions, among others.”
Netsmart will integrate the DeVero solution into its family of home care, long-term post-acute care and human services EHRs, as well as the Netsmart CareFabric® platform, enabling accelerated enhancements to the existing solution.
“We’ve spent the last decade developing a flexible healthcare solution that adapts to the constantly changing healthcare environment,” said DeVero CEO Joe Randesi. “We are thrilled that our clients will have an opportunity to expand upon the platform we’ve provided them to incorporate the Netsmart suite of solutions. Netsmart and DeVero both share a vision to connect all aspects of healthcare, and the scalability and R&D resources Netsmart brings to the table will only enhance and advance our solutions for a pay-for-performance, value-based healthcare environment.”
Kindred Healthcare, (NYSE: KND) the largest home care provider in the U.S. and current DeVero client, points to Netsmart provider connections as a significant benefit of the acquisition that will accelerate and drive current and future business strategies.
"The convergence of the Netsmart and DeVero solutions will accelerate many of our strategies in providing home care services,” said Brandon Ballew, Kindred SVP and COO of Kindred at Home. “Kindred at Home believes that Netsmart’s integrated HIE, with more than 1 million connections to other providers and HIEs, will allow us to develop new integrated business models between our home care business and with other providers in the communities we serve, which will provide better care to our clients and provide Kindred with more efficient operations."
Immediately, DeVero clients can leverage the Netsmart OneTeam Managed Services. Currently used by hundreds of other Netsmart clients, OneTeam helps organizations get the most out of their investments with revenue cycle management services, hosting of all applications and desktop and device management.
“Our OneTeam services allow our clients to focus on their passion to deliver quality care while we take care of the technology, enterprise content and revenue cycle management,” said Valentine.
With this acquisition, Netsmart will now serve more than 560,000 users at 25,000 organizations.
“Kindred is very excited to work with our new partners at Netsmart,” said Kindred CIO Charlie Wardrip. “After reviewing their solution strategy, we believe there is great alignment with Kindred's corporate strategies. We are especially excited about the potential created by two leaders of the post-acute markets collaborating on innovations.”
DeVero is one of the fastest-growing SaaS solution in home care, serving over 57,000 users at 540 organizations with a focus on home health, hospice, and other care-at-home services. The largest home health and hospice provider in the country trusts DeVero, as do hundreds of providers, payers, and government organizations.
Over the past 10 years, the DeVero solution has earned a reputation for adaptability, ease-of-use, and rapid deployment. Based in Silicon Valley and founded by tech and healthcare experts, DeVero was born to create innovative solutions to common business challenges.
Netsmart is an innovative healthcare technology provider that provides electronic health records (EHRs), health information exchange, data analytics, mobile clinical and consumer engagement solutions for behavioral health, social services and post-acute communities. Our common platform, the CareFabric®, integrates seamlessly with the industry’s first-of-its-kind population management platform that uniquely focuses on community-based providers and supports transitions of care, bundles and value-based payment models.
We are passionate about integrating care across all aspects of a community, which is why the Netsmart ecosystem provides more than an EHR by offering the largest national HIE in the post-acute community to connect post-acute, social services and behavioral health organizations with their health systems and community provider partners.
Our more than 560,000 users in more than 25,000 organizations across the U.S. work together with our more than 1,350 Netsmart associates to connect communities and information across the care spectrum. Our technology ensures comprehensive data flows between behavioral health; addiction treatment; intellectual and developmental disabilities; child and family services; public health; long-term/post-acute care; home health; hospice; palliative care; private duty and vital records, to ensure providers have consistent and reliable information at their fingertips when it is needed.
The only thing constant in healthcare is change. Netsmart brings significant expertise working with behavioral health, social services and post-acute care communities, as well as the complex state and federal billing requirements unique to these communities. More importantly, we understand the importance of clinical adoption; training and support; regulatory compliance; and the need to connect to the rest of healthcare.
Our solutions and services are built with these challenges in mind and are designed to solve them so our clients can focus on what they do best: provide quality care to their communities. Our clients are strong advocates for those who don’t always have a voice, which is why Netsmart is dedicated to leading change within the industry by breaking down barriers to provide a person-centric and holistic view of each individual.
Learn more about how Netsmart is changing the face of healthcare today. Visit www.ntst.com,
Netsmart is pleased to support the EveryDayMatters® Foundation, which was established for behavioral health, social services and post-acute organizations to learn from each other and share their causes and stories.
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