Netsmart recently announced the acquisition of GPM, a North Carolina-based Software-as-a-Service technology and services company, dedicated to supporting Long-term/Post-acute care (LTPAC) medical practices that provide medical care to geriatric patients – many of whom reside in skilled nursing facilities.
This acquisition extends the Netsmart CareFabric platform to deliver interoperable data sharing between long-term care facilities and the providers that treat and coordinate care for their residents.
Scale Finance has provided financial services including valuation and corporate advisory services to GPM for many years. SF Partners Rendy Richards and Dave Gilroy have been on point in supporting this fast growing and high performing Asheville-based company.
“GPM is a great addition to the Netsmart family,” said Netsmart CEO Mike Valentine. “The company was founded by geriatricians, which is evident in their collaborative approach to solving everyday efficiency challenges faced by mobile practitioners. This philosophy is a perfect cultural fit with Netsmart as we believe client partnerships lead to the best innovation and ultimately improve patient care.”
GPM was founded in 2012 and has partnered with physicians and long-term care specialists to develop solutions that address the unique workflows of providers serving the LTPAC market. GPM will bring GEHRIMED, a community-based LTPAC mobile electronic health record (EHR) platform, and CareTeam, a care coordination and messaging platform whose capabilities will be enhanced by its integration into the CareFabric platform with digitized, real-time progress note delivery.
Integrating the CareTeam solution into the CareFabric platform will bridge the gaps in communication for on-site and off-site practitioners, creating a seamless workflow for providers and on-site teams. This integration will enable better patient outcomes and population health insights through clinical record sharing, enhanced analytics and reporting.
“We value the expertise and knowledge their team brings to Netsmart,” said Valentine. “We believe the mobile practitioner is central to providing quality care for patients regardless of care setting in the community – the pandemic has only accelerated this evolution. In the not so distant future, we see integrated care models involving physicians and other care givers in the home, community and residential settings becoming the new norm and this addition will accelerate our strategy to support our clients as they embrace this evolution.”
The addition of GPM capabilities into the already robust CareFabric platform enhances providers’ abilities to digitize their workflows that optimize their increasingly mobile service delivery models.
“We are thrilled to join the Netsmart team and work together to develop advanced technology that will better serve our providers and their patients,” said GPM General Manager Beth Reece. “This is a force multiplier for both new and existing clients as we will now have the ability to improve care delivery through additional value-added offerings such as telehealth, billing, interoperability and analytics tools.”
About GPM
GPM is a Software-as-a-Service technology and services company devoted to the support of the long-term/post-acute care (LTPAC) community. A focus on solving LTPAC’s unique problems has made GPM the market’s leading provider of medical EHR solutions, with the GEHRIMED EHR as the flagship product. GPM believes in the potential of powerful, intuitive technological solutions to make LTPAC professionals’ jobs easier, more profitable, and more effective. To learn more visit, www.gpm.md, www.gehrimed.com and www.careteamhub.com
About Netsmart
Netsmart, a leading provider of Software-as-a-Service 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 2,300 associates work hand-in-hand with our 675,000+ 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.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance has multiple offices in the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and Wilmington with a team of more than 45 professionals serving more than 130 companies throughout the region.
