WellSky Strengths, Domain Expertise, and Key Differentiators
WellSky is a global technology company dedicated to enhancing human wellness. Their comprehensive software and professional services span the spectrum of health and social care, empowering businesses, organizations, and communities to tackle complex challenges, foster collaboration for progress, and attain superior outcomes with predictive insights.
WellSky Recent Developments
In October 2023, WellSky introduced WellSky Enterprise Referral Manager, a new software solution designed to revolutionize referral, intake, and customer relationship management (CRM) processes for home health, hospice, and other home-based care agencies. This solution consolidates referral-related activities among staff members, enabling agencies to streamline workflows, enhance referral relationships, and expedite patient care initiation. WellSky Enterprise Referral Manager connects agencies digitally to multiple electronic health record (EHR) systems and referral networks, expanding their referral sources. Intake coordinators can efficiently manage referrals from various sources within a single inbox, simplifying the intake process. Additionally, patient data from referrals automatically updates patient records within the WellSky EHR, facilitating intake processes and ensuring data consistency across the enterprise.
In April 2021, WellSky launched predictive analytics solution, CareInsights for Personal Care. The personal care industry’s first purpose-built predictive analytics solution, the CareInsights functionality analyzes personal care and other clinical data to present providers a comprehensive view of key factors relating to an individual’s risk for hospitalization.
WellSky Mergers and acquisitions (M&A) Activities
In October 2023, WellSky completed the acquisition of Corridor, a tech-enabled services platform catering to the post-acute care industry, from HealthEdge Investment Partners. With this acquisition, WellSky aims to broaden its medical coding and revenue cycle management (RCM) offerings, aiding care providers in enhancing efficiency and performance across clinical, financial, operational, and compliance realms. As healthcare organizations grapple with intricate regulations impacting coding and billing processes, they seek reliable partners for increased productivity and accurate reimbursement. WellSky's expanded suite of services, including medical coding, clinical documentation review, billing, and collections, addresses these challenges within the post-acute and long-term care sectors.
In August 2023, WellSky completed the acquisition of Experience Care, a leading technology company specializing in software solutions for post-acute and long-term care providers. This strategic move underscores WellSky's dedication to expanding its presence in the long-term care market. Experience Care brings to the table its renowned electronic health record (EHR) platform, NetSolutions, which currently serves 150 long-term care clients across 850 facilities. By integrating Experience Care's capabilities into its portfolio, WellSky aims to empower more providers to enhance operational efficiencies, optimize financial performance, and leverage data for improved resident care. This acquisition further solidifies WellSky's position as a premier technology partner for post-acute and long-term care providers.
WellSky Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying WellSky applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of WellSky and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified WellSky Transfusion, WellSky Personal Care, WellSky Home Health, CareTend, powered by WellSky,WellSky Rehabilitation, WellSky Human Services, WellSky Hospice & Palliative, WellSky Specialty Care for Behavioral Health, WellSky Biotherapies Lab (formerly Transtem), WellSky Blood Centers (formerly LifeTrak), WellSky CarePort Referral Management, Wellsky Consolo Hospice, WellSky Quality & Compliance (formerly KnowledgeTrak) customers.
WellSky Overview
Ownership: - TPG Capital, Leonard Green
Number of Employees: 1600
Functional Market: Learning and Development,
Key Verticals: State and Local Government, Healthcare, Life Sciences, Youth and Elderly Care, Special Cause Nonprofit,
WellSky Key Cloud and HCM Applications
WellSky Transfusion, WellSky Personal Care, WellSky Home Health, CareTend, powered by WellSky,WellSky Rehabilitation, WellSky Human Services, WellSky Hospice & Palliative, WellSky Specialty Care for Behavioral Health, WellSky Biotherapies Lab (formerly Transtem), WellSky Blood Centers (formerly LifeTrak), WellSky CarePort Referral Management, Wellsky Consolo Hospice, WellSky Quality & Compliance (formerly KnowledgeTrak)
WellSky HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
WellSky Revenue Breakdown by Type:
WellSky HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
WellSky HCM Applications Revenues By Verticals, $M:
WellSky Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
WellSky Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
WellSky Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified WellSky Customers
No. of WellSky Customers: 20000
No. of WellSky HCM Applications Customers: x
No. of WellSky Cloud HCM Customers: x
No. of WellSky Cloud HCM Subscribers: x
WellSky serves over 14,000 clients across 20,000 client sites, encompassing a diverse range of organizations such as major hospital systems, blood banks, labs, home health and hospice franchises, government agencies, and human services organizations. Their clientele spans across the United States, as well as Canada, Ireland, Britain, South Africa, Holland, Belgium, Norway, Lebanon, and Singapore.
WellSky Market Opportunities, M&A and Geo Expansions
In August 2023, WellSky launched WellSky TeamInsights for Personal Care, a workforce analytics platform offering real-time insights into caregiver productivity and performance. This solution helps personal care agencies optimize resources, improve engagement, and boost caregiver retention by addressing challenges in recruitment, engagement, and retention. It provides holistic performance metrics across scheduling, workload, and quality indicators, enabling agencies to identify opportunities for productivity improvement and proactive caregiver engagement.
WellSky Risks and Challenges
The market for wellness software solutions is highly competitive, with numerous vendors vying for market share. Companies must differentiate their offerings, innovate continuously, and stay ahead of competitors to maintain their position in the market.
WellSky Ecosystem, Partners, Resellers and SI
WellSky's extensive partner network facilitates integrated solutions that drive growth, enhance care quality, and boost satisfaction for patients and caregivers alike. Notable partners include ABILITY Network, Allegiance Group, Citus Health, CompanyMileage, Digi-Trax, Enclara, Emdeon, FDB, Forcura, Immucor, IQVIA, MSD McKesson, Wolters Kluwer, Playmaker, Rhapsody, Rx Surescripts, Symphony Health, and Waystar. These collaborations underscore WellSky's commitment to delivering comprehensive and innovative solutions tailored to the evolving needs of the healthcare industry.
WellSky Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- WellSky Public Cloud and Infrastructure (IaaS)
- WellSky Platform (PaaS)
- WellSky Application Delivery
- WellSky Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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