On Oct. 27, 2016, LeadingAge CAST Supporter HealthMEDX® was acquired by Netsmart, which is building a comprehensive platform to serve community-based providers and position them for value-based healthcare.
HealthMEDX® is 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. Netsmart is healthcare's largest human services and integrated care technology provider. Its technology platforms and expertise are integral to the delivery of outcomes-based services and care to more than 25 million people nationwide.
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.
“Managing the health of populations is impossible without tight integration between large health systems and the various community-based providers,” said Netsmart CEO Mike Valentine. “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."
Netsmart's CareFabric suite, a framework of innovative clinical and business solutions and services, supports integrated, coordinated delivery of health services across the spectrum of care. As they transition to the Netsmart client community, HealthMEDX customers can leverage the CareFabric platform, which includes 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, who will join the senior leadership team at Netsmart.