WellSky, a prominent healthcare and community care technology company, has made an official announcement regarding its acquisition of Experience Care, an innovative technology firm specializing in providing a comprehensive suite of software solutions tailored for post-acute and long-term care providers. This strategic move by WellSky signifies its commitment to expanding its presence and investment within the long-term care market.

Experience Care boasts a proven track record, prominently highlighted by its leading electronic health record (EHR) platform, NetSolutions. With a clientele of 150 long-term care providers and over 850 facilities served, Experience Care has established itself as a significant player in the industry. The synergy between the two companies will empower a wider range of providers to streamline operations, enhance financial performance, and effectively transform data into valuable insights, consequently propelling resident care to new heights. This acquisition solidifies WellSky's position as a top-tier technology partner for post-acute and long-term care providers.

Addressing the transformative challenges that post-acute care providers currently face, Bill Miller, CEO of WellSky, remarked, "This is an era of transformation for post-acute care providers, with workforce shortages, regulatory shifts, and reimbursement changes influencing care delivery. However, this period also holds immense potential in our field. That's why it's crucial for providers to have a singular, reliable technology partner with solutions that provide comprehensive visibility into the patient journey. With the integration of Experience Care, WellSky evolves into a well-equipped and scalable intelligent care management partner for long-term care providers."

Statistics indicate that an estimated seven out of 10 seniors who reach the age of 65 will require long-term care services by the year 2030, encompassing around 24 million Americans. Experience Care's cutting-edge financial and clinical software solution has been seamlessly integrated to optimize data management, save time, and ensure top-quality care for residents in skilled nursing, assisted living, and other long-term care facilities. The collaboration with WellSky empowers Experience Care clients to harness WellSky's comprehensive range of solutions, expansive provider network, and technology-enabled services. This amalgamation facilitates improved collaboration, seamless care transitions, and successful outcomes for complex patient populations.

Gina Barrett, Chief Operating Officer of Experience Care, emphasized, "Delivering high-quality patient care is intrinsically linked to providers. This is why we've dedicated ourselves to equipping long-term care organizations with superior financial, clinical, and administrative tools to operate efficiently and effectively. Our partnership with WellSky marks an exciting milestone, as we've long admired their accomplishments. The amalgamation of our two entities ushers in a new era of innovation to elevate the success of long-term care organizations."

WellSky's extensive expertise in post-acute care seamlessly complements Experience Care's prowess in clinical and financial management. Their joint efforts will entail substantial investments in care coordination, analytics, and interoperability, with the primary aim of enhancing care delivery and providing advanced revenue cycle management solutions. This concerted effort better positions clients to succeed within value-based care models. Over time, clients of Experience Care will also gain the ability to connect with WellSky's expansive network of over 2,000 hospitals and 130,000 providers, thereby elevating collaboration and patient visibility across various care settings.

Gina Barrett will continue to lead the Experience Care team, ensuring a smooth transition for clients who can expect no immediate changes to the services, insights, or support they are accustomed to receiving. The union of WellSky and Experience Care capitalizes on their collective expertise in software and solutions for post-acute and long-term care, significantly elevating the overall quality and innovation within the long-term care sector.

 

Source: businesswire.com

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