Brightree LLC, a provider of cloud-based software for post-acute care organizations, announces the acquisition of Conduit Technology, a provider of documentation and workflow solutions. The transaction’s financial terms were not disclosed.
Conduit Technology’s flagship product, Conduit Office, is the engine behind Brightree’s solution called MyForms. The introduction of MyForms was the result of a strategic relationship formed between the two companies in 2014.
The acquisition of Conduit Technology will allow Brightree to enhance its MyForms documentation and workflow management solution to give home medical equipment (HME) providers greater access to workflow and automation technology to eliminate paper forms, reduce claim denials, improve audit outcomes, and create process integrity, especially in the order intake process, according to a media release from Brightree.
“Historically, HMEs have used automation tools in their back-end operations to achieve greater operational efficiencies, typically around the billing process,” says Matt Mellott, president and CEO of Brightree, in the release. “The next logical area in need of automation is the intake process, and MyForms will play a significant role in Brightree delivering a robust and comprehensive intake solution.”
[Source(s): Brightree LLC, Business Wire]