Netsmart Media Contact:
Natalie Caruso
[email protected]
913.308.2080

OVERLAND PARK, Kan., Sept. 04, 2024 - Netsmartannounced it has acquired HealthPivots, an Oregon-based market intelligencecompany for the post-acute care continuum. The combination of the Netsmart CareFabric® with the HealthPivots DataLab willlead 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 CMStargets 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 HealthPivotsare crucialin 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," saidBob Tavares, Chief CommercialOfficer, HealthPivots. "By integrating the HealthPivots DataLabcomprehensiveanalytics with the robust Netsmart platform, we can better equip organizations with the tools necessary to navigate this shift successfully."

The HealthPivots DataLabprovides access to extensive Medicare claims data and incorporates additionaldata sources like Medicare Cost Reports and CMS Quality Reporting Programs. This data integrationinto the CareFabricplatform will enhanceits analyticscapabilities, offering valuableinsights to aid decision-making and support the requirements of value-based care models.

HealthPivots clients can utilizethe 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, leveragingadvanced data analytics is critical for post-acute providers.

"Netsmart and HealthPivotsalign perfectly in our commitment to delivering unparalleled data solutions to inform and equip business decisions," said Scott Green, SVP & Managing Directorof CareDimensions, Netsmart. "This shared vision will further scale the Netsmart data suite to better support and help post-acute care providersexcelunder 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."

About Netsmart

Netsmart is an industry-leading healthcare technology organization empowering providers to deliver value-based care to the individuals and communities they serve. The Netsmart CareFabric®platform serves as a unified, connected framework of solutions and services for human services, post-acute, payer and public sector communities. Together with our clients and Marketplace vendors, we develop and deliver innovative technology, including electronic health records (EHRs), interoperability, analytics, augmented intelligence (AI), population health management and telehealth solutions and services that assistorganizations in transforming the care they deliver. The result has helped make a positive impact on the lives of more than 147million individuals.

About HealthPivots

HealthPivots, founded in 1985, is an Oregon-based market intelligence company that develops powerful, cloud-based tools powered by 100% of Medicare FFS claims data.

HealthPivots DataLabanalytics include annual and quarterly Medicare Part A and Part B claims data available from the CMS' Chronic Conditions Data Warehouse (CCW) Virtual Research Data Center (VRDC). HealthPivotsaccesses data from Hospital, Hospice, SNF, Outpatient, Home Health, Hospice and DME claims as well as Medicare Part D, Medicare Advantage. Other data sources include Medicare Cost Reports, and data from CMS Quality Reporting Programs and Quality Initiatives.

Today, the company serves clients across all 50 states, supporting integrated healthcare systems, hospice and home health agencies, skilled nursing facilities, accountable care organizations and independent hospitals to improve market performance, strengthen agency partnerships, and enhance patient outcomes. Learn more at https://healthpivots.com/.