Brightree Acquires HME Software Provider MedAct
Acquisition adds 330 HME/DME customers to the Brightree Ecosystem
ATLANTA – Nov. 22, 2013 – Brightree LLC, the leading provider of cloud-based clinical, billing and business management software solutions for the post-acute care industry, announced today that it has acquired MedAct LLC, a provider of home medical equipment (HME) and durable medical equipment (DME) software solutions. As the software vendor space continues to consolidate, Brightree expands its market presence by adding 330 HME customers to its growing family of more than 3,000 providers.
“With the addition of MedAct, we are expanding our market reach to include some of the industry’s most nimble HME providers,” said Dave Cormack, president and CEO of Brightree. “In a climate of declining reimbursement rates and increased audit pressures, HME providers require advanced software solutions and services that enable them to operate more efficiently, improve revenues and achieve greater profitability. By combining the resources, talent and industry knowledge of Brightree and MedAct, we are able to help providers better navigate these challenging times.”
Under the terms of the agreement, MedAct CEO Gregg Timmons joins the Brightree management team as executive vice president, MedAct Division. Brightree will continue to provide development and customer support for the current MedAct solutions. These efforts include preparing MedAct software for the significant regulatory changes expected to come with ICD-10 in 2014.
According to Timmons, “By joining forces with Brightree, we are bringing our customers the benefit of Brightree’s significant product development investment strategy and dedication to superior customer service. Key capabilities, such as ad-hoc reporting and integrated electronic purchasing interfaces, currently available to Brightree users will be a welcome opportunity for many of our customers. I believe this is the right move for our customers and the industry as a whole.”
In addition to growing its customer base, Brightree will leverage MedAct’s Texas headquarters to give the company a central U.S. office presence. Current MedAct customers should continue to contact their existing customer support representatives. For more information about the acquisition, visit brightree.com/medact
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About MedAct Software™
Founded in 1982, MedAct Software is a trusted provider of integrated business software solutions for HME/DMEPOS companies. MedAct’s technology and flexible processes can be customized based on the unique requirements of every customer. The user-friendly system and powerful workflow capabilities deliver accurate, efficient and cost-effective outcomes, enabling users to focus on fulfilling overall business objectives. For more information, visit MedAct Software at www.medactsoftware.com.
About Brightree LLC
Brightree is the leading provider of cloud-based software for the post-acute care industry. Our 500 team members serve more than 3,000 companies in the HME, home health, hospice, O&P, HME pharmacy, home infusion, and rehab home care segments. Brightree’s unique SaaS software solutions follow the natural workflow of providers to automate and improve how they manage their businesses. The company is ranked as one of the top 100 healthcare IT companies in the U.S. on the prestigious Healthcare Informatics 100 (HCI 100) list. For further information, visit brightree.com or call 1.888.598.7797, ext. 5.
Brightree is a registered trademark of Brightree LLC.