Press release

Netsmart Expands Service Offerings with Acquisition of Healthcare Advisory Firm McBee

Sponsored by Businesswire

Healthcare IT provider Netsmart
announced today it has acquired Pennsylvania-based healthcare consulting
firm, McBee.
Healthcare IT solutions and services from Netsmart coupled with McBee’s
industry-leading healthcare professional services will provide community
and acute care organizations with nearly a century of advisory and
technology experience under one roof, furthering the alignment of care
throughout the healthcare ecosystem.

The combination of these companies provides a comprehensive knowledge
foundation for community-based healthcare organizations as they strive
to manage the complex operational, financial and clinical requirements
of value-based care and the assumption of risk. This acquisition builds
upon and expands the Netsmart suite of consulting and managed services
by adding industry expertise and resources specifically geared toward
strategic consulting, change management, revenue cycle management,
advisory and education services.

“As healthcare organizations continue to integrate and move toward
value-based payment models, they need business partners who anticipate
changes to healthcare models, rather than react to changes,” said
Netsmart CEO Mike Valentine. “We aim to anticipate clients’ needs,
advocate for those needs and then assist clients to implement new
models, so they can become leaders of a transformed healthcare system.
McBee delivers critical knowledge that providers need to thrive in
today’s changing landscape. The expertise from their advisors included
as part of the Netsmart portfolio will accelerate our clients’ ability
to deliver value by equipping them with the tools and strategies they
need for future growth and success.”

McBee provides strategic consulting and insight needed for organizations
to thrive in a value-based environment, with services in areas such as
business organization structure, care management and clinical
compliance, denials and appeals, bundled payments, billing and coding,
OASIS accuracy, revenue recovery and more. These services are
particularly valuable in the community and acute care markets as they
undergo major reimbursement models.

“The Netsmart mission and vision to design and deliver industry-leading
solutions are aligned with the mission and vision of McBee,” said Mike
Dordick, McBee president. “We’ve both spent decades defining what
providers need to be successful, developing best practices and
technology to support them. By combining our strengths, we will expand
our current and future clients’ access to robust expertise, education
and technology that work to enhance clinical, operational and financial
operations as well as the complete healthcare experience for the
individuals they serve.”

The McBee brand name represents a respected voice in the industry, and
while Netsmart plans to increase the value and collaboration with mutual
clients, McBee will continue to serve as a thought leader and serve
providers across the industry. Serving more than 3,800 providers and
with over 250 McBee associates joining the Netsmart family, this
addition creates a more aligned experience with improved integration
between services and technology offerings from both companies. The two
companies have proven track records that demonstrate strong capabilities
to support healthcare clients from a business and clinical perspective
with strategic solutions and services that help progress care quality,
productivity and growth.

The combination of the largest community and acute care consulting,
advisory and outsourced services provider with that of the largest
health IT provider in community care creates the opportunity for
organizations to enhance and redefine how care is delivered.

“The healthcare industry is progressing, and providers must be able to
count on their business partners to be in sync to deliver the tools and
services to support these rapid changes,” said Valentine. “Together with
McBee, we can help these same providers be successful today, tomorrow
and beyond.”

TripleTree acted as the exclusive strategic and financial advisor to
McBee for this transaction.

About McBee

is the nation’s premier health care services and consulting firm that
delivers financial, operational, and clinical consulting services
exclusively to healthcare providers across the continuum of care. For
more than 45 years, McBee has designed services to ensure the success of
clients by improving clinical, operational, and revenue cycle

Established in 1973, the firm has become one of the nation’s largest,
independent health care financial consulting practices by lasting
solutions to ensure the financial success of clients. The commitment to
client success is ingrained in our culture. Equipped with a broad array
of services developed exclusively for health care providers, McBee
Associates offer solutions that address the unique financial and
operational needs of hospitals, home health, long-term care, and other
organizations. McBee Associates’ consulting professionals have extensive
experience and in-depth knowledge of health care regulations and
policies. Health care providers across the nation look to McBee
Associates to provide comprehensive services and expert resolution of
the various financial issues they encounter. With a client base that
includes more than 3,500 health care providers, McBee Associates has
earned the trust of hospitals and agencies of all sizes and types,
including Fortune 500 companies, major for-profit and not-for-profit
chains, health systems, and independent providers.

Corporate headquarters is in Wayne, Pennsylvania. Additional offices are
located in Columbia, Maryland and Richmond, Virginia. Visit us at
Follow us on Twitter
and LinkedIn.

About Netsmart

Netsmart designs, builds and delivers electronic health records (EHRs),
solutions and services that are powerful, intuitive and easy-to-use. Our
platform provides accurate, up-to-date information that is easily
accessible to care team members in behavioral health, care at home,
senior living and social services. We make the complex simple and
personalized so our clients can concentrate on what they do best:
provide services and treatment that support whole-person care.

By leveraging the powerful Netsmart network, care providers can
seamlessly and securely integrate information across communities,
collaborate on the most effective treatments and improve outcomes for
those in their care. Our streamlined systems and personalized workflows
put relevant information at the fingertips of users when and where they
need it.

For more than 50 years, Netsmart has been committed to providing a
common platform to integrate care. SIMPLE. PERSONAL. POWERFUL.

Our more than 1,700 associates work hand-in-hand with our 600,000+ users
in more than 25,000 organizations across the U.S. to develop and deploy
technology that automates and coordinates everything from clinical to
financial to administrative.

Learn more about how Netsmart is changing the face of healthcare today.
call 1-800-472-5509, follow us on our CareThreads
, LinkedIn
and Twitter,
like us on Facebook
or visit us on YouTube.

Netsmart is pleased to support the EveryDayMatters®
, 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.