Leading health and community care technology company, WellSky, has announced its recent acquisition of Experience Care, an innovative technology firm renowned for its suite of software solutions tailored to post-acute and long-term care providers.
Experience Care boasts a successful history, notably with its premier electronic health record (EHR) platform, NetSolutions, which caters to 150 long-term care clients across 850 facilities. This strategic amalgamation positions WellSky to empower a broader range of providers with enhanced operational efficiencies, improved financial performance, and the transformation of data into actionable insights to elevate resident care. This development further solidifies WellSky's standing as a premier technology partner for post-acute and long-term care providers.
CEO of WellSky, Bill Miller, emphasised the transformative nature of the current period for post-acute care providers, with workforce shortages, regulatory shifts, and reimbursement alterations significantly influencing care delivery. He underscored the importance of having a single, trusted technology collaborator that offers comprehensive solutions for comprehensive visibility into the patient journey. With the integration of Experience Care, WellSky emerges as a well-equipped and scalable intelligent care management partner for long-term care providers.
Anticipating the need for long-term care for around 24 million Americans by 2030, Experience Care's powerful financial and clinical software solution, integrated to streamline data management and improve care quality, holds immense potential. The partnership with WellSky equips Experience Care clients to harness WellSky's expensive suite of solutions, extensive provider network, and technology-enabled services, fostering seamless care transitions, collaborative care delivery, and successful outcomes for complex patient demographics.
The synergy between WellSky's extensive post-acute care experience and Experience Care's clinical and financial management capabilities bodes well for the future. Both companies plan to bolster investments in care coordination, analytics, and interoperability, ultimately enhancing care quality and providing advanced revenue cycle management solutions to reinforce reimbursement and overall financial performance. This strategic alignment positions clients favourably within value-based care models. As a progressive step, Experience Care clients will gain access to WellSky's extensive network of over 2,000 hospitals and 130,000 providers, amplifying collaboration and patient visibility across care settings.
The Experience Care team will continue under the leadership of Barrett, and clients of Experience Care can expect continuity in services, insights, and support. The combined expertise of WellSky and Experience Care sets the stage for enriched solution innovation, poised to better serve the evolving needs of the long-term care industry.
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