Netsmart announced it has acquired Texas-based data analytics company SimpleLTC from Briggs Healthcare. The SimpleLTC solutions will expand the Netsmart CareFabric® platform in the areas of predictive analytics, regulatory compliance, reimbursement optimization and quality measurement while increasing the efficiency of submission of required data to health plans, Medicaid and Medicare.
Recommended ITech News: ModelOps Announces New Actionable Monitoring that Results in Increased Model Revenue Contribution
“Netsmart and SimpleLTC have a shared vision for developing innovative tools and technology that simplify the complex world of healthcare”
SimpleLTC offers multiple data analytics solutions that are some of the most widely used in the market today. Simple clients can utilize the solutions with the electronic health record (EHR) of their choice. The Netsmart strategy is to enable all providers, regardless of EHR vendor, to digitize their enterprise for greater performance. Analytics are needed more than ever in the rapidly evolving and complex ecosystems of value-based care for post-acute providers, and the Netsmart plan is to expand this offering for use by our home care and human services clients, as well.
Recommended ITech News: ITechnology Weekly Highlights : Top ITech News To Read
“Never before has the real-time analysis of clinical data that is used for 5-star ratings, network inclusion and reimbursement been more important. As the healthcare ecosystem rapidly evolves, the requirements of value-based care continue to shift and we are committed to providing the best technology and services to enable community care providers to pivot and adapt when needed,” said Netsmart CEO Mike Valentine. “Through this acquisition, we can help providers optimize clinical and financial outcomes for Patient-Driven Payment Models (PDPM), quality reporting programs, frailty measures, rehospitalization and state quality incentive programs.”
SimpleLTC will add their data analytics and metrics solutions, SimpleAnalyzer™, SimpleConnect™, SimplePBJ™ and state-specific reimbursement solutions for California, Florida, Ohio and Texas to the Netsmart CareFabric.
“The Simple software has been key to making sure that our reimbursement stays on track and assessing quality measures,” said Angela Smith, Senior Director of Reimbursement & Rehab, Cantex. “Our reimbursement team uses Simple as part of our daily workflow, and the staff within all our facilities are also utilizing Simple tools each day to stay ahead of quality measures. Our organization is constantly leveraging the easy-to-use data pool with accurate information gathering to manage forms, analyze MDS assessments and monitor 5-star reports.”
Recommended ITech News: Meridian Group International and Skytap enter into a Global Alliance Partnership to Help Customers Migrate
The SimpleLTC offering simplifies MDS and Payroll-Based Journal (PBJ) workflow with pre-transmission scrubbing, direct submission and post-validation analytics in one solution improving organizational management. SimpleLTC is the largest third-party transmitter of MDS 3.0 assessment data, and the addition of Simple is proof that once again Netsmart is driving efficiencies to continue whole-person care.
Netsmart also announced today the acquisition of Selman-Holman, a well-known professional services and consulting firm, that when combined with the operations of McBee, a division of Netsmart, brings together industry-leading healthcare companies to provide a comprehensive set of OASIS and coding services, as well as industry leading educational and training offerings that expand the knowledge foundation across the care continuum. The training offerings include CodeProU online training, live seminar training and the national Insight conference. The Simple and Selman-Holman acquisitions build on and expand the Netsmart suite of clinical, financial and reporting solutions to meet the complex requirements of value-based care across post-acute care.
“Netsmart and SimpleLTC have a shared vision for developing innovative tools and technology that simplify the complex world of healthcare,” said SimpleLTC President Dustin Epstein. “With the support of Netsmart, we believe we can expand the capabilities of our comprehensive software tools so that providers can better understand their data, make better decisions, and ultimately deliver whole-person care. Our clients will be able to rely on the same tools and support they’ve come to expect, with the ability to leverage solutions of the Netsmart CareFabric and benefit from our partnership.”
Recommended ITech News: CTG Appoints Industry Executive Katie Stein to Board of Directors
