Netsmart announced today the acquisition of Tellus, a Florida-based provider of Electronic Visit Verification (EVV), mobile care delivery and claims processing technology designed especially for the home health, long-term care, state and human services markets. The acquisition of Tellus demonstrates how Netsmart is committed to an evolving healthcare system, connecting providers, states and payers as well as meeting federal regulatory changes in the post-acute and human services communities.
“We are thrilled to expand the CareFabric platform with the additional capabilities from the Tellus suite of electronic visit verification solutions,” said Netsmart CEO Mike Valentine. “For larger organizations in post-acute and human services providing services across multiple states, our clients will be able to make one connection to our EVV network and deliver the required visit and claims data regardless of the payer or state. The addition of Tellus builds upon our EHR agnostic suite of solutions and services.”
Under the 21st Century Cures Act, states are required to use EVV for personal care services by January 1, 2021, and for certified home health care services by January 1, 2023. Many states are making EVV a requirement for human services providers who offer intellectual/developmental disabilities (I/DD) and in some cases applied behavioral analysis (ABA) services. Netsmart will have solutions available to meet these requirements.
“We are excited to join the largest community-based technology provider to combine forces and expand the usage of our eVV™ across both the post-acute and human services communities,” said Tellus CEO Brad Levine. “Netsmart values the people and technology we are bringing to the team, and we look forward to improving patient care together.”
The Tellus system has been selected by several states as their EVV aggregation solution and is used by many managed care organizations (MCOs) and thousands of providers. The Tellus eVV solution is a powerful, HIPAA-compliant solution that goes beyond simple CMS compliance. Additionally, Tellus eVV has a variety of features including appointment scheduling, caregiver check in and check out, documentation capabilities, visit alerts, verification delivery time and tasks, billing and claims processing, robust reporting, electronic signature collection and other point of care functions.
“We are looking forward to the opportunity to shift toward home-based care and the ability to capture more social determinants of health (SDoH) and share that information via the EVV solutions to improve population health management,” said Valentine. “The ability to easily share this data with states and payers brings additional information to Netsmart clients to enable them to make the best care decisions for the individual.”
Tellus is a leading home health care technology provider focused on EVV solutions. Tellus is proud to be the provider of choice among a variety of states, managed care organizations, and provider agencies. The company’s comprehensive, cloud-based solutions work to simplify, streamline, and quickly and easily verify care delivery tasks and process claims data right at the point of care. That means agencies, caregivers and patients can focus their time and attention on what matters most — improved patient care with better outcomes, greater efficiency, and cost reduction. For more information about Tellus, visit http://www.4tellus.com
Bailey Southwell & Co. served as the exclusive strategic and financial advisor to Tellus on the transaction.
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Netsmart is pleased to support the EveryDayMatters® Foundation, which was established for behavioral health, care at home, senior living and social services organizations to learn from each other and share their causes and stories.