Netsmart Acquires AI Company Remarkable Health

Netsmart, a LeadingAge Bronze Partner with CAST Focus, has acquired Remarkable Health, an industry-leading provider of artificial intelligence (AI) technology and software solutions for behavioral health, substance use, and human services organizations. Together, the organizations will accelerate AI innovations and expand the Netsmart CareFabric® platform capabilities with enhanced solutions that improve human services and post-acute care clinical staff productivity and efficiency.

Remarkable Health brings the CT|One® electronic health record (EHR) and Bells, the industry’s first virtual clinical documentation solution created for behavioral health and human services organizations, to join Netsmart. The Bells platform uses AI and natural language processing (NLP) to assist today’s overloaded clinical staff with the generation of progress notes in a more efficient manner and helps ensure that the notes are compliant with current regulations, the first time around. The solution allows staff to focus on delivering high-quality care while enhancing the end-user experience by reducing time spent on clinical documentation by nearly 50%. Business Wire carried the news.

Yardi Clients Honored for Outstanding Tech Innovation

Five Yardi® clients earned Digie Awards, one of the highest honors in the commercial real estate industry, at the recent Realcomm | IBCon 2021 event. Short for Commercial Real Estate Digital Innovation, Digies recognize outstanding companies, real estate projects, technologies and the next generation of smart, connected, high-performance, intelligent building systems. Digies are also awarded to individuals who have positively impacted the industry through the application of technology, automation and innovation. Yardi is a LeadingAge Bronze Partner with CAST Focus.

This year, Realcomm focused on honoring those who are “leading the charge on COVID-19 strategic and transformational technologies, creating a more efficient, effective and adaptive industry and shaping the future of smart buildings.” Among this year’s winners were the following Yardi clients: QuadReal Property Group, The Inland Real Estate Group of Companies, Retail Real Estate, Invesco, and Ilan Zachar, Senior Vice President & CTO, Carr Properties. The news appeared on PR Newswire.

Willow Valley Communities and Acts Retirement Services Announce Strategic Alliance

Acts Retirement Services (Acts) and Willow Valley Communities, two of the nation’s largest not-for-profit senior living organizations, have entered into a strategic alliance. This relationship brings two of senior living’s most respected organizations together in a mutually beneficial relationship and enhances the ability of both organizations to serve seniors and advance their shared missions. Acts Retirement-Life Services is a LeadingAge CAST Patron.

The Strategic Alliance will provide for mutual representation on each organization’s board of directors, with Acts serving as sole corporate sponsor and manager for Willow Valley Communities. Willow Valley Living Chief Executive Officer John Swanson will step aside from management oversight to focus entirely on future development of Willow Valley Communities property. All other current Willow Valley Communities leadership will remain in place and have access to additional resources and scale through the alliance with Acts. Willow Valley Communities and Acts will work together to continue the exciting upward trajectory of both organizations, said PR Newswire.

SafelyYou Announces $40M Funding and Falls Prevention Success

SafelyYou, a LeadingAge Associate Business Partner with CAST Focus, has announced that it received funding from real estate investment trust Omega Healthcare Investors, which led a $30 million Series B funding round. Omega has prepaid $10 million so that its senior living and skilled nursing facilities can access the SafelyYou falls prevention technology. Senior Housing News reported news of the funding and SafelyYou’s latest case study.

SafelyYou uses artificial intelligence-enabled video to see and understand the root cause of falls and to give a voice to people living with dementia. Results of its technology have been highly positive. A new case study that SafelyYou announced at the same time as its funding success shows that Belmont Village Senior Living, with more than 30 senior living communities nationwide, reduced fall-related emergency room (ER) visits to 4%. The industry average is between 17% and 25%.