Hearst Corp. has acquired an 85 percent stake in Dallas-based Homecare Homebase LLC, a leading software-as-a-solutions provider to the home care and hospice market.
When the transaction closes by the end of the year, Homecare Homebase will become part of Hearst's healthcare group, headed up by Hearst Business Media President Richard P. Malloch. April Anthony, CEO of Homecare Homebase, will remain at the helm.
In a released statement, Steven R. Swartz, Hearst Corp.'s president and CEO, said, "Homecare Homebase is committed to bringing today’s front-line caregivers the best possible resources and we look forward to the advancements they will continue to make in the field. This investment will expand our commitment to leading the healthcare information industry in an effort to improve the efficiency and affordability of patient care.”
Noted Anthony: "This new strategic alignment bolsters our position as we move into the future of home delivered services, with a common commitment to the continued development of our current platform and ongoing support to provide the most robust, highly-integrated tools available for the home health and hospice industry."
Homecare Homebase, founded in 2001, provides an integrated, Web-based solution that allows home health agencies and hospices to optimize their regulatory reporting and compliance processes. According to the press release, its software solution enables real-time, wireless information exchange and communication between office staff, field staff and physicians; automates workflow processes; enables accurate billing through numerous integrated checks and balances; and provides powerful management reporting via a back-office data analysis tool that ties together all agency operational information.