Netsmart Technologies Acquires Pharmacy Management Software Company

Wed Jul 15, 2009 11:00am EDT
 
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Acquisition of Crown Software Brings Netsmart a Complete Clinical Pharmacy
Management Solution with Closed Loop Medication Capabilities for Behavioral
and Public Health



 


GREAT RIVER, N.Y., July 15 /PRNewswire/ -- Netsmart Technologies, Inc., a
leading provider of software and services for health and human services
organizations, today announced the acquisition of Crown Software, Inc., a
pharmacy management software company based in Killeen, Texas. Terms of the
agreement were not disclosed.

The acquisition of Crown provides Netsmart with a pharmacy management software
solution, RxConnect, that will be integrated with Netsmart's behavioral and
public health enterprise software products or used as a stand-alone pharmacy
solution and integrated with an existing medication management system.

RxConnect provides pharmacists software with a user-friendly interface to
safely and effectively manage medications; facility administrators with
effective pharmacy management and tracking tools; and information technology
staff with easy-to-manage stand-alone or integrated software.

"This acquisition addresses a need by both a segment of our current customer
base and future customers for closed loop medication and integration," said
James L. Conway, chief executive officer, Netsmart Technologies. "Our
customers who operate pharmacies will be able to use RxConnect to integrate
pharmacy management with their electronic health record (EHR), computerized
physician order entry (CPOE), electronic medication administration records
(eMAR) and electronic medical record (EMR) capabilities provided by their
Netsmart enterprise software. Significantly, this integrated solution can help
our customers meet the 'meaningful use' requirements for funding eligibility
under the American Recovery and Reinvestment Act of 2009 (ARRA), which include
medication management and electronic prescribing requirements." 

As one example, Netsmart Avatar customers will be able to use RxConnect
software in conjunction with their Avatar software to receive create a
medication order via Avatar Order Entry and send it to the pharmacy for
processing by RxConnect, with the information then integrated into Avatar eMAR
for medication administration.

In addition to being integrated with Netsmart's products for behavioral and
public health, the software will continue to be sold to primary care
facilities and small hospital pharmacies under the brand RxLink. Customer
support will continue uninterrupted for RxLink's more than 134 current
customer sites.

The pharmacy management software solution was developed by Crown Software
founder and CEO Bill King, who is a Registered Pharmacist. King will join
Netsmart and continued to be involved in ongoing development of the product.

"The acquisition by Netsmart, a large, healthcare-focused technology company,
provides the resources needed to continue to grow the software's scope and
capabilities," said King.

About Netsmart Technologies, Inc. 
Netsmart Technologies is an established, leading supplier of enterprise-wide
software solutions for health and human services providers. More than 18,000
customer organizations, including 350,000 care providers and nearly 40 state
systems, use Netsmart products to help improve the quality of life for
millions of people each year.

Netsmart's customers include mental health and substance abuse treatment
agencies, psychiatric hospitals, private and group mental health practices,
public health departments, vital records offices and managed care
organizations. Netsmart's products are full-featured information systems that
operate on a variety of operating systems, hardware platforms, and mobile
devices, and offer unlimited scalability.

Netsmart's Connected Care initiative allows behavioral and public healthcare
providers to share clinical data electronically within their internal
processes, externally with other providers, and with consumers via a Web-based
portal, enabling high quality, consumer-directed care.

With the certification of its Avatar 2006 software, Netsmart became the first
behavioral healthcare, public health, substance abuse and methadone software
and services provider to have a product certified according to the
Commission's Ambulatory EHR 2006 criteria.

For information about Netsmart Technologies' full range of solutions for
health and human services organizations, visit www.ntst.com or call
1-800-421-7503, Option 6.




SOURCE  Netsmart Technologies, Inc.

Dave Kishler of Netsmart Technologies, +1-614-764-0143, dkishler@ntst.com

 

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