BPS' benchmarking capabilities will be integrated into Netsmart product offerings
Netsmart, a major developer of clinical IT solutions for health and human services organizations nationwide, today announced the acquisition of Behavioral Pathway Systems (BPS), a provider of benchmarking services for behavioral health. Netsmart acquired BPS from Centerstone Research Institute (CRI), whose former CEO, Denny Morrison, joined Netsmart as Chief Clinical Officer on January 12 of this year.
BPS serves more than 500 client organizations nationwide, including community behavioral health providers, addiction treatment facilities, and human services agencies. The company provides comprehensive clinical, operational, financial, and organizational benchmarking services. These services allow individual organizations to compare their performance in a wide range of areas to the aggregated results of similar organizations.
“The addition of BPS to the Netsmart family of solutions provides our clients with a critical service to help them be strategically successful, clinically innovative and operationally efficient,” said Michael Valentine, chief executive officer, Netsmart. “This acquisition is another step in our initiative to develop a national clinical and operational benchmarking and analytics service that leverages aggregate clinical and management data and best practices from across the Netsmart client base and beyond. By linking our network of clients, who today provide care to more than 20 million people, to this powerful set of solutions, we now have the potential to accelerate the use of evidence in this side of healthcare – something that other parts of healthcare have done for some time."
BPS's offerings will also be integrated into Netsmart's myAvatar™, TIER®, Insight™ and CMHC/MIS enterprise electronic health record (EHR) solutions to make it seamless for Netsmart clients to use BPS services. Future plans include integration with other information technology platforms as well.
All BPS staff will join Netsmart, while BPS president Paul Lefkovitz, Ph.D. will serve as general manager, Benchmarking Services, for Netsmart.
“Healthcare is in the midst of unprecedented complexity and change, and I believe benchmarking will be a key framework that helps providers manage for the future,” said Lefkovitz. “Our joining with Netsmart will provide additional resources and enable BPS to further fulfill our vision – to contribute meaningfully to the body of knowledge about best practices in behavioral health and to assist organizations in enhancing their efforts to achieve organizational excellence.”
Current BPS clients will retain their current services and gain immediate access to Netsmart’s full range of solutions.