Netalytics
Software solutions for opioid addiction treatment facilities.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Netalytics is a provider of electronic medical records (EMR) and practice management software for clinics specializing in Substance Use Disorder (SUD), particularly Opioid Use Disorder (OUD). The company was founded in 1995 after creating a custom methadone software application for a single clinic in Georgia and is headquartered in Greer, South Carolina. The CEO is Mark Essex.
The company's core product suite is designed to manage clinic operations, including inventory control, medication dosing, and regulatory compliance tracking. Its flagship product, the Methasoft Treatment Management System, is a clinic automation software for opiate addiction treatment facilities. This system includes modules for patient management with biometric identification, tracking dosing history, and managing patient financials. Other software offerings include OBOT360 for e-prescriptions, Therapist360 for counseling solutions, and DUI360 for monitoring and treating DUI/DWI offenders. The business model is based on providing these specialized software solutions and also offers outsourced medical billing, hardware like dispensing pumps, and a patient engagement mobile app.
In February 2020, Netalytics partnered with private equity firm Prairie Capital to accelerate growth. Subsequently, on October 5, 2023, Netalytics was acquired by Netsmart Technologies, a major provider of SaaS technology and EHRs for human services and post-acute care. This acquisition integrated Netalytics' solutions, like Methasoft, into Netsmart's broader CareFabric platform, aiming to improve interoperable data sharing between Opioid Treatment Programs (OTPs) and other healthcare providers. Following the acquisition, Netalytics' clients were expected to gain access to enhanced services such as telehealth, advanced analytics, and expanded healthcare information exchange (HIE) integration.
Keywords: substance use disorder software, opioid treatment program, EMR, practice management, methadone clinic software, behavioral healthcare, addiction treatment, electronic health records, Netsmart, medication-assisted treatment, OUD, SUD, care coordination, patient management software, regulatory compliance, Methasoft, healthcare IT, clinic automation, medical billing, e-prescribing