TCS Healthcare Technologies, the leading provider of managed care solutions designed by clinicians, announced its acquisition of Montana-based DataSmart Solutions, LLC, a predictive risk analytics software company. The transaction was supported by follow-on funding from HCAP Partners, a California-based private equity firm and nationally recognized impact investor, with M&A services provided by Logan Growth Advisors.
- Healthcare support: TCS software solutions are designed to support the needs of health plans, TPAs, ACOs, and other risk-bearing organizations by optimizing clinical outcomes, maintaining compliance, and improving financial and operational excellence. The acquisition of DataSmart accelerates the company’s product development roadmap for the ACUITYnxt SAAS platform and offers Johns Hopkins ACG predictive analytics for use in the Acuity Advanced platform.
- Leverage health plans: “DataSmart understands how to properly process healthcare data and has leveraged a proven predictive model,” commented Deborah Keller, CEO of TCS Healthcare. “The company’s solutions along with its solid reputation for serving its clients makes it a strong addition to the TCS. We are excited to welcome the DataSmart team to TCS and to bring Johns Hopkins ACG risk analytics to both our Acuity Advanced and ACUITYnxt platforms.
- Automated workflows: With the integrated solutions of TCS and DataSmart, clients will have the capability to stratify their population, create automated workflows, and gain detailed insight into rising risk for its members. They will also have the tools necessary to evaluate the effectiveness of their clinical programs.
- Curb health expenses: DataSmart technology leverages disparate information sources—claims data, health records, lab work—and develops a risk stratification profile for a given population utilizing the industry-leading Johns Hopkins ACG System. By integrating the predictive risk analytics capabilities of DataSmart, TCS will be able to identify case management and wellness interventions earlier to further curb the cost of increasing health expenses.
- Locations: TCS plans to expand the use of the analytics engine to support HCC and RAF score management in the near term as well. As a part of the acquisition, TCS will maintain DataSmart’s office in Helena, MT, along with the TCS office in Auburn, CA, and headquarters in Wilmington, NC.
