Digital Health
M&A: Netsmart Acquires Netalytics to Advance SUD Solutions
What You Should Know: – Netsmart announced it has acquired Netalytics, a South Carolina-based addiction treatment software and practice management…
What You Should Know:
– Netsmart announced it has acquired Netalytics, a South Carolina-based addiction treatment software and practice management company, dedicated to developing technology for substance use disorder (SUD) providers focused on opioid addiction treatment.
– This acquisition will further extend the Netsmart CareFabric platform by enabling interoperable data sharing between opioid treatment program (OTP) facilities and the providers that treat and coordinate other types of care for individuals with SUD. Financial details of the acquisition were not disclosed.
Netalytics Background
Netalytics was founded in 1995 by building a custom methadone software application for one clinic in Georgia and has grown by partnering with physicians and addiction specialists to develop solutions that address the unique workflows of providers serving the SUD market. Netalytics plans to enhance the Methasoft+SMART electronic health records (EHRs) with its integration into the Netsmart CareFabric platform with digitized, real-time referrals, patient health record history and alerts.
As part of the acquisition, Netalytics clients will continue to experience the support they receive today, as well as improved care delivery through additional value-added offerings such as e-prescribing, telehealth, healthcare information exchange (HIE) integration, patient engagement solutions, reimbursement automation and analytics.
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