According to Modern Healthcare, the Netsmart acquisition of Change Healthcare would give Overland Park, Kan.-based Netsmart "deep domain knowledge," Netsmart CEO Mike Valentine wrote in a news release. The company specializes in electronic health records, health information exchange and analytics.
"Over the last two years, Netsmart has taken significant, yet deliberate, steps to uniquely position our clients for success in the evolving healthcare ecosystem as the value-based care models take shape and narrower networks impact home care," Valentine said.
Nashville-based Change, formerly McKesson Homecare and McKesson Hospice, offers suites of software applications that Netsmart says increase clinician satisfaction and free up time to focus on patient care. Netsmart plans to integrate those programs with its own so clients can use its health information exchange, analytics, referral management and mobility products. Netsmart said Change's financial solutions ensure documentation compliance and shorten revenue cycle times.
Netsmart is the healthcare industry's largest post-acute, behavioral health and social services IT provider. The company secured that position two years agowhen Allscripts Healthcare Solutions merged its 30,000-client home care software business with Netsmart's then-23,000 clients. Today, Netsmart has more than 600,000 users in more than 25,000 organizations across the U.S. Netsmart integrated its behavioral health electronic records with Allscripts' EHRs in 2014.
Read the full story at Modern Healthcare.