Brightree to Acquire Technology Provider SnapWorx, Expanding CPAP Resupply Offerings for HME Providers
January 31 2020 - 11:03AM
Business Wire
Complementary capabilities increase workflow automation for
HMEs, saving time on patient interaction and document retrieval
Brightree announced today it has agreed to acquire privately
held SnapWorx, LLC, a market-leading software company providing
patient contact management and workflow optimization for the
continuous positive airway pressure (CPAP) resupply market.
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Based in Brentwood, Tennessee, SnapWorx is a SaaS company with
intelligent workflow technology empowering HME providers servicing
CPAP resupply patients. SnapWorx solutions focus on patient
engagement and automation of workflow for collecting the supporting
documentation required for dispensing and billing of CPAP
supplies.
The combination of Brightree ReSupply’s technology and live-call
services with SnapWorx software platform creates the largest CPAP
resupply patient base in the industry with the most comprehensive
set of solutions for multi-channel patient engagement and workflow
automation. For HME customers, the combined capabilities will help
drive patient therapy adherence and increase operational
efficiencies.
“By adding SnapWorx’s capabilities to our industry-leading
resupply program, we’re helping more HMEs keep patients on
comfortable, effective CPAP therapy long term, and efficiently
optimizing their own resupply business,” said Matt Mellott,
President and CEO at Brightree.
“Brightree is a proven leader in the HME industry, serving
thousands of customers and millions of patients,” said SnapWorx
President Emmet Seibels. “We’re excited to join the market leader
in enabling opportunities for our customers, deliver better patient
care, and to grow and strengthen our own business and
technology.”
The transaction’s financial terms were not disclosed since the
transaction will not be material to the consolidated financial
results of ResMed, Brightree’s parent company.
SnapWorx and its approximately 40 full-time employees will join
the Brightree team. SnapWorx President Emmet Seibels will continue
to serve as the leader of the SnapWorx business.
About Brightree
Brightree enables out-of-hospital care organizations to improve
their business performance and deliver better health outcomes. As
an industry-leading cloud-based healthcare IT company, Brightree
provides solutions and services for thousands of organizations in
home medical equipment and pharmacy, home health, hospice, orthotic
and prosthetic, home infusion, and rehabilitation home care.
Brightree is a wholly owned subsidiary of ResMed (NYSE: RMD) (ASX:
RMD). To learn more, visit www.brightree.com and follow @Brightree
on Twitter.
About SnapWorx
SnapWorx, LLC, is a healthcare software company located in
Brentwood, Tennessee, providing solutions for home medical
equipment companies (HMEs). SnapWorx’s customers service over
500,000 patients for their replacement supplies through its
software platform. SnapWorx’ flagship product Snap is a
cutting-edge patient management platform providing workflow
automation based upon rules-driven algorithms. To learn more, visit
www.snapworx.com.
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Jill Bongiorni +1 516.729.2250 jill@torchcomllc.com
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