WellSky, a health and community care technology company, has acquired Bonafide, an enterprise software solution company for home medical equipment (HME) providers.
In an October press release about the acquisition, WellSky, based in Overland Park, Kansas, said the acquisition “expands [WellSky’s] footprint in DME [durable medical equipment]/HME and will serve more providers with an integrated software platform that allows them to run their businesses compliantly, efficiently and profitably.”
The announcement referenced the enormous potential of the HME segment.
“DME/HME is a rapidly growing segment in the health-care industry, driven by the increasing demand for patient-centered care in the home,” WellSky said. “Bonafide has built a fully integrated enterprise workflow management platform that combines billing, revenue cycle management, resupply, supply chain, inventory management, mobile delivery and more to help DME/HME providers accelerate growth. The company serves 200 clients, including some of the largest and fastest-growing DME/HME providers.”
“With the rise in chronic conditions, a rapidly aging population, and an increased focus on patient-directed care, the need for high-quality home-based healthcare solutions is more critical than ever,” said WellSky Chairman/CEO Bill Miller. “I’m thrilled to welcome Bonafide to WellSky. Together we will work to support this expanding market with the full suite of WellSky solutions and our tech-enabled services to better collaborate and achieve successful outcomes for even the most complex patient populations.”
“Since our founding more than 40 years ago, Bonafide has made it our mission to offer the best technology available to the DME/HME industry,” said Mark Ludwig, CEO of Bonafide, which is headquartered in Thousand Oaks, California. “Now, by joining forces with WellSky, we embark on an exciting new chapter for our team, our clients, and our future growth. Together, we will be able to expand our capabilities, accelerate our mission, and deliver even greater value to the clients we serve.”
Ludwig will continue to lead Bonafide’s team, and WellSky said Bonafide’s current clients “will see no immediate changes to the services or support they are accustomed to receiving.” Going forward, the announcement said, WellSky intends “to deliver additional innovations within the software platform and bring new, complementary offerings to power Bonafide clients’ success.”
WellSky’s current footprint in home infusion and the home health markets, the announcement noted, “are highly complementary to Bonafide’s solutions, industry experience and knowledge. Additionally, WellSky brings a network of more than 2,000 hospitals and 130,000 providers to Bonafide clients, providing access to the nation’s largest referral network and increased visibility to patients across care settings.”
