February 01, 2018

Netsmart Acquires HomeCare Accounting Solutions to Integrate Clinical and Financial Workflows for Home Health and Hospice

Netsmart Media Contact:
Vince Koehler


Overland Park, Kan., Feb. 1, 2018 – Today Netsmart announced it has acquired HomeCare Accounting Solutions (HAS), a cloud-based software company that automates back-office and clinical field operations of home care agencies such as home health, hospice, palliative care and private duty. This acquisition signifies another important piece for the Netsmart platform that will represent a new standard for the post-acute community.

“Post-acute providers have an opportunity to take the lead when it comes to managing a person’s healthcare journey and coordinating the performance of a variety of providers,” said Netsmart CEO Mike Valentine. “In a value-based world, providers who can prove they can coordinate care across multiple venues and manage the complexities and outcomes will be well positioned for success. The ability to have a seamless connection between clinical and financial will only make reporting easier as providers can show cost savings correlated with clinical outcomes.”

Netsmart announced its acquisition of DeVero in July 2017 and has been deploying enhanced solutions to home health and hospice clients over the last six months. The addition of HAS to the Netsmart suite of solutions will enable a more integrated workflow for clients who use our DeVero CareRecord.

“Clients want a SaaS approach where all of the operations are managed for them so they can concentrate on what they do best: patient care,” said HAS CEO Mike DelCollo. “We are looking forward to the deep integration and streamlined processes Netsmart provides and giving our clients one system with a single, simple workflow.”

As part of this acquisition, Netsmart will further the innovation of the two solutions to create a single unified solution that can grow and adapt as healthcare shifts to different care and payment models. The go-forward platform will maintain focus on the three principles that have made it one of the fastest growing solutions in homecare – simple, scalable and affordable.

“The addition of HAS to our Netsmart family provides our clients who leverage the DeVero CareRecord with a one-stop-shop for clinical and financial solutions,” said Valentine. “We have a long-standing relationship with HAS in serving a shared client base. With this step forward, we will essentially move out of the interface world with HAS and into the integration world. Our mutual clients will benefit greatly by this step.”

About HomeCare Accounting Solutions

HomeCare Accounting Solutions cloud-based software is a powerful and easy-to-use system that increases the efficiency and productivity of home health agencies. Whether an organization is small or large, HomeCare Accounting Solutions provides the means to manage a business.

HAS software automates the back-office and clinical field operations of home care agencies of all types, including: Home Health, Hospice, Palliative Care, Private Duty and other related community-based services. It is user friendly, flexible and affordable so each agency can build the system that meets its unique needs and budget

About Netsmart

Netsmart innovates electronic health records (EHRs), solutions and services that are powerful, intuitive and easy-to-use. Our platform provides accurate, up-to-date information which is easily accessible to care team members in behavioral health, post-acute and social services. We make the complex simple and personalized so our clients can concentrate on what they do best: provide much needed services and treatment that support whole-person care.

By leveraging the powerful Netsmart network, care providers can seamlessly and securely integrate information across communities, collaborate on the most effective treatments and improve outcomes for those in their care. Our streamlined systems and personalized workflows put relevant information at the fingertips of users when and where they need it.

For nearly 50 years, Netsmart has been committed to providing a common platform to integrate care. SIMPLE. PERSONAL. POWERFUL.

Our more than 1,500 associates work hand-in-hand with our 600,000+ users in more than 25,000 organizations across the U.S. to develop and deploy technology that automates and coordinates everything from clinical to financial to administrative.

Learn more about how Netsmart is changing the face of healthcare today. Visit www.ntst.com call 1-800-472-5509, follow us on our CareThreads BlogLinkedIn and Twitter, like us on Facebook or visit us on YouTube.

Netsmart is pleased to support the EveryDayMatters® Foundation, which was established for behavioral health, post-acute and social services organizations to learn from each other and share their causes and stories.