Net Health, a provider of electronic health records software for specialty medical providers, acquired PointRight, a provider of analytics, and data-driven clinical decision support tools for the post-acute facilities.
According to PointRight, nearly 2,400 skilled nursing facilities use their analytics and data-driven decision support tools to further their clinical, financial, and operational objectives.
The skilled nursing facilities use PointRight to improve the accuracy of their reimbursement and regulatory submissions and to enhance overall performance in readmissions, quality, and outcomes, the company said.
The Net Health electronic health records software is used by over 14,000 facilities, including 98 percent of the largest hospital chains, two-thirds of skilled nursing facilities, and many hospice organizations and private practices.
“Through PointRight, Net Health will significantly expand how we support SNFs and their health system, accountable care organization (ACO), payer, and REIT partners,” said Josh Pickus, Net Health’s CEO. “It also strengthens our growing analytics capabilities by providing insights into post-acute performance, which enables providers and payers to align around value-based care initiatives.”
Last year, Net Health acquired Tissue Analytics, a developer of an automated mobile wound and skin imaging, for an undisclosed amount.
According to the press note, the acquisition of PointRight expands Net Health’s position and scale in the growing post-acute market. Additionally, the acquisition will enable Net Health’s broad roster of hospital clients to manage their skilled nursing facility (SNF) networks and support outcomes measurement and performance improvement in Medicare Advantage and managed Medicaid programs.
In 2020, a total of 184 digital health companies were acquired/merged compared to 169 in 2019, a 9% increase in deal activity. More recently, Komodo Health, an AI-enabled data analytics software platform for healthcare providers, acquired Mavens, a provider of a data-driven enterprise platform for healthcare and life sciences companies, for an undisclosed amount.
