WellSky

WellSky

Healthcare software and community care solutions

About

WellSky offers software and services to improve health and community care, making it easier for providers and patients to access and navigate care. Its products, like the WellSky Value Based Care Suite, integrate with Electronic Health Record (EHR) systems to enhance care coordination. WellSky stands out by combining software solutions with expert services such as strategic consulting and revenue cycle management, helping clients operate more efficiently. The company's goal is to enhance care delivery and improve individuals' quality of life through effective solutions.

Company Stage

Debt Financing

Employees

1,001-5,000

Industries

Social Impact, Healthcare

Total Funding

$34.5M

Headquarters

Reston, Virginia

Founded

1980


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Simplify's Take

What believers are saying

  • Growing demand for telehealth solutions aligns with WellSky's remote patient monitoring capabilities.
  • Value-based care models support WellSky's focus on care coordination and outcome improvement.
  • Expansion of Medicaid services offers opportunities for WellSky's compliance and waiver services.

What critics are saying

  • Integration challenges with acquired companies like TapCloud and HCS may affect operations.
  • Dependence on healthcare regulations could impact WellSky's service offerings and revenue.
  • Competition from other healthcare technology providers may pressure WellSky's market position.

What makes WellSky unique

  • WellSky offers comprehensive solutions across the full continuum of health and social care.
  • The company integrates with any EHR system, enhancing care coordination and outcomes.
  • WellSky's predictive insights improve collaboration and decision-making for healthcare providers.

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Benefits

High deductible health plan with a generous employer contribution

PPO medical plan

Dental and vision insurance

401(k) plan with access to financial advisors who can provide personal financial guidance at no cost

Robust paid time off, including holidays, vacation, well-being, and volunteer days

Flexible spending accounts (medical and dependent)

Life and disability insurance

Educational assistance

Employee Assistance Plan with free and confidential emotional, financial, legal, and family resources

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