Home care software company expands sights on hospice
ORLANDO, Fla., Oct. 15, 2018 /PRNewswire-iReach/ -- CareTime has announced the acquisition of Elara Healthcare, a full-suite hospice EMR software that provides full documentation and billing capabilities for hospice and palliative care providers.
This next move for CareTime, a home care software solutions and electronic visit verification (EVV) provider, allows the company to further serve the ever-growing needs of the home care and hospice industries.
"This is an exciting step for both company growth and achieving our vision of serving the underserved segments of the market," said Jared Schneider, CEO of CareTime. "We've always been focused on customer service above all else, and we will apply that to our hospice solution as well."
Home care and hospice are expanding markets as baby boomers age and need more care for their latter years. With estimates of close to 40,000 providers of home care, hospice and medical home health, the market potential for elegant software providers is significant. The market will surely outgrow the current $5 billion industry that home care technology is currently, and CareTime is positioned well to take advantage of that.
Terms of the deal are not disclosed, but the founders of Elara remain part of the continuing operation.
CareTime is a powerful, cloud-based home care software intuitively manages scheduling, provides electronic visit verification (EVV) through GPS and telephony, and is a communication tool for both the agencies and their clients, among many other features. CareTime saves thousands of hours and thousands of dollars every month for its more than 11,000 users. Find more information at www.caretime.us.
About Elara Healthcare
Now a part of CareTime, Elara Healthcare is a full-suite hospice software built solely for hospice by clinicians. Elara is a clinician-friendly software that eases workflows, increases revenue collections and helps hospices remain audit-proof. For more information, see www.elarahealthcare.com.
Media Contact: Jared Schneider, CareTime, 888-400-5048, firstname.lastname@example.org
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