As strong demographic and cost trends drive greater demand for personal care, newest addition facilitates WellSky's long-term strategy of helping providers better manage healthcare costs
OVERLAND PARK, Kan. — October 8, 2019 — WellSky Corporation, a leading health and community care technology company, and ClearCare, Inc. a leading provider of a software-as-a-service (SaaS) platform used by personal care agencies, today announced that WellSky has signed an agreement to acquire ClearCare. With the addition of ClearCare, WellSky solidifies its position in the personal care market, adding to the company's already robust set of solutions and services for post-acute and community care. The transaction will close subject to customary closing conditions, including regulatory approvals.
Personal care (also commonly referred to as "home care" or "private duty") agencies support people who need in-home caregivers to complete activities of daily living — which include cooking, bathing, housekeeping, and transportation to appointments. In today’s value-based care environment, it is widely recognized that personal care can improve the management of chronic conditions and reduce costly hospitalizations.
"ClearCare adds an important new dimension to WellSky’s comprehensive offerings, and this acquisition strengthens WellSky's ability to better connect care across the continuum," said Bill Miller, CEO of WellSky. "ClearCare is an innovative market leader in personal care, and we look forward to building upon that legacy of success. With our shared vision of using interoperable technology to manage individuals across the care continuum, together, we can improve outcomes and close gaps in post-acute and community care."
To help personal care agencies prioritize their caregiving services, ClearCare's SaaS platform delivers functionality to optimize billing, staff management, care delivery, and referral management processes. This technology powers the largest network of in-home care providers, including eight of the 10 largest agencies. More than 600,000 caregivers across 4,000 personal care agencies in the U.S. and Canada leverage ClearCare's platform to care for 500,000 seniors every year. In addition to its established personal care platform, ClearCare's new EHR-agnostic care coordination platform enables home health and hospice providers, like Amedisys, to partner with personal care agencies in closing the gaps in care.
"WellSky, ClearCare, and Amedisys share a common goal of improving the health and quality of life for our nation's vulnerable populations," said Amedisys CEO and President Paul Kusserow. "It's clear that we all view better patient care as our ultimate priority, and we look forward to building our relationship further."
Through this acquisition, ClearCare gains access to expanded resources — including investments in technology, analytics, and professional services. WellSky will continue to invest in the ClearCare core software platform, and in the future, clients can expect expanded functionality, service enhancements, and connections to other venues of care. The acquisition also allows WellSky to offer its existing clients additional software and services to support growth and help scale as demand for in-home care increases.
"WellSky understands ClearCare's mission to help personal care agencies operate efficiently and scale as payment models evolve and patient volumes shift to lower acuity settings of care," said Geoff Nudd, founder and CEO of ClearCare. "Their proven track record of success in post-acute care reflects our shared commitment to delivering excellent care to people in need, and we're excited to combine our expertise and solutions to support our clients in even more ways."
For more information, visit WellSky.com.
WellSky is a technology company advancing human wellness worldwide. Our software and professional services address the continuum of health and social care — helping businesses, organizations, and communities solve tough challenges, improve collaboration for growth, and achieve better outcomes through predictive insights that only WellSky solutions can provide. WellSky is leading the movement for smarter, whole-person care with a visionary approach that addresses individuals' unique health and social circumstances. WellSky serves more than 10,000 client sites around the world — including the largest hospital systems, blood banks and labs, home health and hospice franchises, government agencies, and human services organizations. Informed by more than 30 years of providing software and expertise, WellSky anticipates providers' needs and innovates relentlessly to help people thrive. Our purpose is to empower care heroes with technology for good, so that together, we can realize care’s potential and maintain a healthy, flourishing world. For more information, visit WellSky.com.
ClearCare is the industry leading personal care technology platform and serves over 4,000 personal care agencies representing 600,000 caregivers and 500,000 seniors. Our rapid growth in customers is driven by our innovative SaaS and mobile platform that helps manage all personal care agency business functions, including scheduling, billing, payroll, senior-to-caregiver matching, CRM, HR, reporting, and point-of-care management. ClearCare, which is majority-owned by Battery Ventures, makes the business of personal care administration intuitive, efficient, and paper-free. Learn more about ClearCare at ClearCareOnline.com.
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