Netsmart announced it has acquired HealthPivots, an Oregon-based market intelligence company for the post-acute care continuum. The combination of the Netsmart CareFabric with the HealthPivots DataLab will lead to consolidated, robust data and advanced analytics, providing an industry-leading platform that will help enhance post-acute care providers transition to value-based care.
As CMS targets having all Traditional Medicare beneficiaries and most Medicaid beneficiaries in accountable care relationships by 2030, there is an urgent need for healthcare providers, particularly those serving the 65+ demographic, to adopt value-based approaches. Many providers are currently behind in this transition, and the insights provided by HealthPivots are crucial in helping them begin and manage changes across their service lines effectively.
“We are thrilled to join the Netsmart team to combine our expertise and resources to help providers optimize their current Fee-For-Service operations while preparing for a transition to value-based care,” said Bob Tavares, Chief Commercial Officer, HealthPivots. “By integrating the HealthPivots DataLab comprehensive analytics with the robust Netsmart platform, we can better equip organizations with the tools necessary to navigate this shift successfully.”
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The HealthPivots DataLab provides access to extensive Medicare claims data and incorporates additional data sources like Medicare Cost Reports and CMS Quality Reporting Programs. This data integration into the CareFabric platform will enhance its analytics capabilities, offering valuable insights to aid decision-making and support the requirements of value-based care models.
HealthPivots clients can utilize the solutions with the electronic health record (EHR) of their choice. The Netsmart strategy is to enable providers, regardless of EHR vendor, to digitize their enterprise for greater performance. In the complex ecosystem of value-based care, leveraging advanced data analytics is critical for post-acute providers.
“Netsmart and HealthPivots align perfectly in our commitment to delivering unparalleled data solutions to inform and equip business decisions,” said Scott Green, SVP & Managing Director of CareDimensions, Netsmart. “This shared vision will further scale the Netsmart data suite to better support and help post-acute care providers excel under evolving payment models. By integrating comprehensive Medicare claims data from HealthPivots, we can enhance our clients’ ability to thrive in the era of value-based care. This acquisition brings together the strengths of both companies to achieve that goal.”
SOURCE: Businesswire