Netsmart Expands Service Offerings with Acquisition of Healthcare Advisory Firm McBee
OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 2, 2019--Healthcare IT provider Netsmart announced today it has acquired Pennsylvania-based healthcare consulting firm, McBee. Healthcare IT solutions and services from Netsmart coupled with McBee’s industry-leading healthcare professional services will provide community and acute care organizations with nearly a century of advisory and technology experience under one roof, furthering the alignment of care throughout the healthcare ecosystem.
The combination of these companies provides a comprehensive knowledge foundation for community-based healthcare organizations as they strive to manage the complex operational, financial and clinical requirements of value-based care and the assumption of risk. This acquisition builds upon and expands the Netsmart suite of consulting and managed services by adding industry expertise and resources specifically geared toward strategic consulting, change management, revenue cycle management, advisory and education services.
“As healthcare organizations continue to integrate and move toward value-based payment models, they need business partners who anticipate changes to healthcare models, rather than react to changes,” said Netsmart CEO Mike Valentine. “We aim to anticipate clients’ needs, advocate for those needs and then assist clients to implement new models, so they can become leaders of a transformed healthcare system. McBee delivers critical knowledge that providers need to thrive in today’s changing landscape. The expertise from their advisors included as part of the Netsmart portfolio will accelerate our clients’ ability to deliver value by equipping them with the tools and strategies they need for future growth and success.”
McBee provides strategic consulting and insight needed for organizations to thrive in a value-based environment, with services in areas such as business organization structure, care management and clinical compliance, denials and appeals, bundled payments, billing and coding, OASIS accuracy, revenue recovery and more. These services are particularly valuable in the community and acute care markets as they undergo major reimbursement models.
“The Netsmart mission and vision to design and deliver industry-leading solutions are aligned with the mission and vision of McBee,” said Mike Dordick, McBee president. “We’ve both spent decades defining what providers need to be successful, developing best practices and technology to support them. By combining our strengths, we will expand our current and future clients’ access to robust expertise, education and technology that work to enhance clinical, operational and financial operations as well as the complete healthcare experience for the individuals they serve.”
The McBee brand name represents a respected voice in the industry, and while Netsmart plans to increase the value and collaboration with mutual clients, McBee will continue to serve as a thought leader and serve providers across the industry. Serving more than 3,800 providers and with over 250 McBee associates joining the Netsmart family, this addition creates a more aligned experience with improved integration between services and technology offerings from both companies. The two companies have proven track records that demonstrate strong capabilities to support healthcare clients from a business and clinical perspective with strategic solutions and services that help progress care quality, productivity and growth.
The combination of the largest community and acute care consulting, advisory and outsourced services provider with that of the largest health IT provider in community care creates the opportunity for organizations to enhance and redefine how care is delivered.
“The healthcare industry is progressing, and providers must be able to count on their business partners to be in sync to deliver the tools and services to support these rapid changes,” said Valentine. “Together with McBee, we can help these same providers be successful today, tomorrow and beyond.”
TripleTree acted as the exclusive strategic and financial advisor to McBee for this transaction.
McBee is the nation’s premier health care services and consulting firm that delivers financial, operational, and clinical consulting services exclusively to healthcare providers across the continuum of care. For more than 45 years, McBee has designed services to ensure the success of clients by improving clinical, operational, and revenue cycle performance.
Established in 1973, the firm has become one of the nation’s largest, independent health care financial consulting practices by lasting solutions to ensure the financial success of clients. The commitment to client success is ingrained in our culture. Equipped with a broad array of services developed exclusively for health care providers, McBee Associates offer solutions that address the unique financial and operational needs of hospitals, home health, long-term care, and other organizations. McBee Associates’ consulting professionals have extensive experience and in-depth knowledge of health care regulations and policies. Health care providers across the nation look to McBee Associates to provide comprehensive services and expert resolution of the various financial issues they encounter. With a client base that includes more than 3,500 health care providers, McBee Associates has earned the trust of hospitals and agencies of all sizes and types, including Fortune 500 companies, major for-profit and not-for-profit chains, health systems, and independent providers.
Netsmart designs, builds and delivers electronic health records (EHRs), 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 behavioral health, care at home, senior living and social services. 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 1,700 associates work hand-in-hand with our 600,000+ users in more than 25,000 organizations 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.
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CONTACT: Vince Koehler
KEYWORD: UNITED STATES NORTH AMERICA KANSAS PENNSYLVANIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PRACTICE MANAGEMENT HEALTH PROFESSIONAL SERVICES CONSULTING MANAGED CARE
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PUB: 05/02/2019 09:00 AM/DISC: 05/02/2019 09:01 AM