+- HIStalk Sponsor Announcements (https://histalk.com/forum)
+-- Forum: Sponsor News (https://histalk.com/forum/forumdisplay.php?fid=1)
+--- Forum: Announcements (https://histalk.com/forum/forumdisplay.php?fid=2)
+--- Thread: Netsmart Acquires Remarkable Health (/showthread.php?tid=1305)
Netsmart Acquires Remarkable Health - Natalie Caruso - 12-04-2021
Netsmart Media Contact:
Vince Koehler
vkoehler@ntst.com
913.272.2235
Netsmart Accelerates AI Healthcare Technology Innovations with Acquisition of Remarkable Health
OVERLAND PARK, Kan., Dec. 02, 2021 — Netsmart announced today it has acquired Remarkable Health, an industry-leading provider of artificial intelligence (AI) technology and software solutions for behavioral health, substance use and human services organizations. Together, the organizations will accelerate AI innovations and expand the Netsmart CareFabric[sup]®[/sup] platform capabilities with enhanced solutions that improve human services and post-acute care clinical staff productivity and efficiency.
Remarkable Health brings the CT|One[sup]®[/sup] electronic health record (EHR) and Bells, the industry’s first virtual clinical documentation solution created for behavioral health and human services organizations to join Netsmart. The Bells platform uses AI and natural language processing (NLP) to assist today’s overloaded clinical staff with the generation of progress notes in a more efficient manner and also helps ensure that the notes are compliant with current regulations, the first time around. The solution allows staff to focus on delivering high-quality care while enhancing the end-user experience by reducing time spent on clinical documentation by nearly 50%.
Organizations already utilizing the Bells solution have experienced a fast and easy implementation while providing a clear win for their clinicians who are excited about being able to spend more quality time with those under their care. This is especially critical in today’s tight labor market. Organizations using Bells have been getting their clinical notes signed on average 56% faster and serve six more clients per month due to the extreme usability and streamlined user experience.
“As the healthcare system continues to evolve, providers delivering value-based care are needing technology now more than ever to maximize clinician efficiency,” explained Netsmart CEO Mike Valentine. “We are excited to join forces with the Remarkable team to continue advancing AI throughout community care organizations to enable providers through an integrated, digitized platform with innovative and efficient functionalities.”
The Remarkable Health Bells clinical documentation solution integrates with a service provider’s existing EHR platform for on-site and off-site care team members. Data capture in Bells automatically syncs to the clients' chart in the EHR, creating seamless information flow and provides the agency with a holistic, real-time view of the client.
“Both Netsmart and Remarkable Health value technology that removes obstacles that get in the way of a provider delivering the best possible care,” said Remarkable Health CEO Peter Flick. “By working together, we can bring our AI technology capabilities to serve all community settings and raise the industry standard for care delivery and offer Remarkable clients additional Netsmart offerings such as population health management, CCBHC tools, telehealth, interoperability, electronic visit verification (EVV) and more to enhance care delivery.”
The addition of Remarkable Health offerings gives providers the tools to reduce staffing challenges the healthcare industry is facing today, by empowering staff with technology solutions with an improved clinician experience that also drives organizational efficiencies and compliance. The integration of Remarkable solutions into the already robust CareFabric platform enhances providers’ abilities to digitize their workflows with AI capabilities and optimize their increasingly mobile service delivery models.
“Our vision for our clients and the industry overall is to enable providers to digitize their enterprise with technology innovations that improve your overall business and the experience of your clinicians and those served by your team,” said Valentine. “While the majority of Netsmart research and innovation is created by our developers working hand-in-hand with our clients, today’s exciting announcement to acquire additional technology enables us to accelerate the timeline on delivering urgently needed AI-assisted tools to improve the clinician delivery experience.”
D.A. Davidson served as the exclusive financial advisor to Remarkable Health and Goodwin Proctor LLP acted as the legal counsel to the organization.
About Remarkable Health
Remarkable Health is a leading software company focused on providing behavioral health, substance abuse and human service organizations the tools they need to provide remarkable staff to client experiences and drive positive outcomes. Remarkable offers EHR+, which includes a CT|One [sup]®[/sup] (Formerly ClaimTrak), a purpose built fully integrated EHR platform, and Bells, the first virtual clinical documentation assistant that works as a companion to the EHR experience. Learn more at Remarkable Health.
About Netsmart
Netsmart, a leading provider of Software as a Service (SaaS) technology and services solutions, designs, builds and delivers electronic health records (EHRs), health information exchanges (HIEs), analytics and telehealth solutions and services that are powerful, intuitive and easy-to-use. Our platform provides accurate, up-to-date information that is easily accessible to care team members in the human services and post-acute care (which is comprised of home care and hospice and senior living) markets. We make the complex simple and personalized so our clients can concentrate on what they do best: provide services and treatment that support whole-person care.
By leveraging the powerful Netsmart network, care providers can seamlessly and securely integrate information across communities, collaborate on the most effective treatments and improve outcomes for those in their care. Our streamlined systems and personalized workflows put relevant information at the fingertips of users when and where they need it.
For more than 50 years, Netsmart has been committed to providing a common platform to integrate care. SIMPLE. PERSONAL. POWERFUL. Our more than 2,500 associates work hand-in-hand with our 680,000+ users at our clients across the U.S. to develop and deploy technology that automates and coordinates everything from clinical to financial to administrative. Learn more about how Netsmart is changing the face of healthcare today. Visit www.ntst.com, call 1-800-472-5509, follow us on our CareThreads Blog, LinkedIn and Twitter, like us on Facebook or visit us on YouTube. Netsmart is pleased to support the EveryDayMatters® Foundation, which was established for behavioral health, care at home, senior living and social services organizations to learn from each other and share their causes and stories.