Kipu Well being acquires Hatch Compliance to broaden behavioral well being choices

Kipu Well being, an organization that gives know-how options for behavioral well being introduced it acquired Hatch Compliance, a cloud-based compliance administration and software program supplier targeted on behavioral well being corporations. 

The acquisition is anticipated to reinforce Kipu’s suite of choices by including “strong governance, danger and compliance” talents.

Kipu interacts with sufferers through buyer relationship administration (CRM) instruments, goals to optimize care supply by way of digital medical data (EMR) and assists with monetary stability with income cycle administration (RCM) options.

“At Kipu, we’re at all times in search of new methods to assist our prospects in delivering distinctive care,” Carina Edwards, chief government officer, stated in an announcement.

“The acquisition of Hatch Compliance is a major step ahead in our mission to empower behavioral well being organizations. By including Hatch’s compliance experience with our present know-how platform, we’re offering our prospects with essentially the most complete answer out there, guaranteeing they’ll meet the best requirements of regulatory compliance whereas specializing in what actually issues – affected person care.” 

Mike Lifshotz, chief government officer of Hatch Compliance, famous that becoming a member of the Kipu household marks a brand new chapter for the corporate. 

“We’ve got at all times been devoted to serving to behavioral well being suppliers navigate the complexities of compliance,” Lifshotz stated in an announcement.

“With Kipu’s assets and shared imaginative and prescient, we at the moment are positioned to supply even higher worth to our prospects. Collectively, we are going to proceed to innovate and supply the instruments and assist that behavioral well being organizations have to thrive in an more and more regulated setting.”

THE LARGER TREND

Not too long ago, Kipu introduced its up to date remedy assisted therapy (MAT) answer that goals to simplify the therapy course of for opioid therapy packages (OTPs). 

In 2023, Kipu earned licensed standing by HITRUST for data safety. HITRUST Threat-based, 2-year (r2) licensed standing exhibits the Digital Medical Document (EMR) system has met demanding regulatory compliance and industry-defined necessities, and is appropriately managing danger.

A yr earlier than, Kipu launched Kipu Affected person Portal, which delivers sufferers entry to data aimed toward bettering the standard of take care of behavioral well being sufferers. The affected person portal delivers therapy and care data in real-time to sufferers and their licensed contacts.

In 2019, Kipu Well being was awarded practically $20 million by a federal jury in Florida after it dominated one of many firm’s former prospects, ZenCharts, cloned its software program to be able to grow to be a competitor. 

The jury dominated the motion taken by ZenCharts violated the phrases of the person settlement, and that the defendants had labored to duplicate a product initially provided by Kipu by conspiring to realize entry to the corporate’s digital well being document platform.