OVERLAND PARK, Kansas—WellSky, a health and community care technology company, announced it has acquired Bonafide, an enterprise software solution for durable medical equipment (DME) and home medical equipment (HME) companies. With the addition of Bonafide, WellSky aims to expand its footprint in the DME/HME industry and serve providers with a software platform that allows them to better run their businesses.
“Since our founding more than 40 years ago, Bonafide has made it our mission to offer the best technology available to the DME/HME industry,” said Mark Ludwig, CEO of Bonafide. “Now, by joining forces with WellSky, we embark on an exciting new chapter for our team, our clients and our future growth. Together, we will be able to expand our capabilities, accelerate our mission and deliver even greater value to the clients we serve.”
Bonafide offers a workflow management platform that combines billing, revenue cycle management, resupply, supply chain, inventory management, mobile delivery and more, which seeks to help DME/HME providers accelerate their growth. The combination of WellSky and Bonafide intends to provide DME/HME companies with improved operations, ordering and administrative processes, and success in the face of industry challenges and regulatory changes.
“With the rise in chronic conditions, a rapidly aging population and an increased focus on patient-directed care, the need for high-quality home-based health care solutions is more critical than ever,” said Bill Miller, chairman and CEO of WellSky. “I’m thrilled to welcome Bonafide to WellSky. Together, we will work to support this expanding market with the full suite of WellSky solutions and our tech-enabled services to better collaborate and achieve successful outcomes for even the most complex patient populations.”
The company said its home infusion and home health offerings are complementary to Bonafide’s solutions, industry experience and knowledge. WellSky and Bonafide seek to invest in services, analytics and interoperability in an effort to improve care and strengthen solution delivery. Additionally, WellSky aims to bring a network of hospitals and providers to Bonafide clients, as well as provide access to referral networks and increased visibility to patients across care settings.
In the future, WellSky and Bonafide intend to deliver software platform innovations and provide new, complementary offerings.
