Acquisition Targets LTC Providers Moving to Value-Based Care
Post-acute care coordination software vendor PointClickCare Technologies has acquired Patient Pattern, a value-based care EHR and integrated care management platform.
Ontario-based PointClickCare says that more than 27,000 long‐term and post‐acute care providers, over 2,800 hospitals and 2,000 ambulatory clinics, and more than 75 state and government agencies use its software to enable care collaboration and value‐based care delivery. The company was recognized by KLAS Research as the Best in KLAS long-term care software segment winner for 2023 for the fourth consecutive year.
Patient Pattern serves Medicare Advantage Special Needs Plans, ACO REACH participants, and PACE (Program of All-Inclusive Care for the Elderly) programs. It allows providers who are transitioning to value-based care models can manage both traditional fee-for-service and value-based care functions in a unified platform.
The companies said their combination will further their shared vision of enabling better care and outcomes for high-needs populations and provide care teams with the solutions they need to successfully operate at the top of their license.
“Senior care providers need support as they navigate new models of care and ultimately take on more risk-bearing responsibilities, inclusive of technology that helps them deliver exceptional care, particularly to high-needs populations,” said Travis Palmquist, senior vice president and general manager of senior care at PointClickCare, in a statement. “As our customers continue to embrace value-based care and see the success of this model, we are excited to deploy Patient Pattern’s care management platform. Care models will continue to evolve, and this strategic investment is another example of our commitment to helping our customers thrive in this evolving market, specifically, the opportunity to succeed with this shift to risk.”
PointClickCare and Patient Pattern’s combined offerings provide a mechanism to adopt and succeed in risk-bearing arrangements without having to use multiple fragmented solutions, the companies said. Through this acquisition, PointClickCare will further enable providers to take a comprehensive approach to frailty, ultimately providing better overall care planning.
“Over the past 10 years, we’ve worked hard to integrate a care management philosophy and capabilities directly into our EHR,” said Stven Buslovich, M.D., co-founder and CEO at Patient Pattern, in a statement. “We’re thrilled to join forces with PointClickCare as we march toward our collective goal of helping clinicians better predict and document risk, close care gaps, and improve patient outcomes. The marriage of an integrated care management platform with population health data will prove to be a major differentiator for us.”
Earlier this year, PointClickCare and the Georgia Hospital Association announced the completion of its network expansion in the state of Georgia.
Since 2019, the GA Notify Program has facilitated one of the largest real-time coordination networks in the state of Georgia, bridging the gaps between urban and rural hospitals in the state utilizing admit, discharge and transfer (ADT) data. With this expansion, PointClickCare brought its vast post-acute network to the GA Notify Program, expanding one of the largest real-time coordination nationwide networks in North America.
