DART Chart Partners with Eir Partners
PUBLISHED: November 15, 2018 at 12:00 am
Milwaukee, WI >> DART Chart Systems, a leading provider of revenue integrity software for long term care and post-acute facilities, announced today that it has partnered with Eir Partners, an investment firm focused exclusively in providing investment capital to the health care technology, payment and revenue cycle management sectors.
Since 1997, DART Chart Systems has provided technology enabled reimbursement optimization and recovery solutions specifically for Long Term Post-Acute Care facilities. DART Chart software solutions allow facilities to optimize Prospective Payment System and Managed Care contract performance.
DART Chart’s Map & Track™ suite of services integrates with a facilities’ Electronic Medical Record (EMR) to provide visibility and analytics around patient costs and expected daily reimbursement. The software also identifies exclusions and high cost drugs. The company’s SMART Case Manager™ software automatically tracks authorizations, exclusions, carve-outs and level changes while providing automated task reminders that ensure the highest level of patient management for managed care populations.
DART Chart founder, Dr. Linda Kunz, Ph.D. said, “Eir Partners brings tremendous revenue cycle management experience to DART Chart that will accelerate the development of the Map & Track™ platform. We were looking for a collaborative partner who understood our unique place in the market and the tremendous opportunity with Map & Track™. Eir Partners is a perfect fit for DART Chart.”
Dr. Kunz and co-founder, Bernard Hoffman, will remain involved in the business in strategic and advisory roles.
John Ansay will assume the role of Chief Executive Officer. Mr. Ansay is the founder of Equian, a successful payment integrity service and technology provider to the commercial health and worker’s compensation markets.
“I am excited to bring the DART Chart technology to the next level,” said Mr. Ansay. “With over 10,000 baby boomers retiring every day and rapidly increasing financial pressures in the sector, our technology ensures that no revenue is left on the table. Few companies are as well positioned as DART Chart to manage the complex revenue cycles associated with Medicare, Medicaid and Managed Care Reimbursement in long-term care.”
“As we have done in other market segments, our goal is to build DART Chart into an enterprise wide revenue integrity player for the post-acute sector,” mentioned Brett Carlson, CEO at Eir Partners. “That company does not exist today, and our plan is to change that.”
The company will be moving its corporate office to downtown Milwaukee to accommodate infrastructure needs and expected growth.
About DART Chart Systems
DART Chart works with post-acute long-term care facilities, insurers and government agencies to provide payment integrity and managed care compliance software solutions. DART Chart’s Map & Track™ software integrates with a long term care facilities’ EMR system to extract the data and provide the necessary analytics so customers can most efficiently managed each patient stay. With over 20 million Medicare days processed and nearly $1 billion in additional provider reimbursements, DART Chart is a leader in revenue cycle management for the long-term care market. To learn more, go to www.dartchart.com.
About Eir Partners
Eir Partners is a New York City based investment company focused exclusively in the health care technology marketplace. Eir’s partnership approach allows for customized collaboration to accelerate disruption, innovation and growth through direct investment and the augmentation of strategic development and acquisition sourcing. The investment model allows for direct platform investments as the sole investor or alongside strategic or other private equity institutions. Current portfolio companies focused on the accuracy of the health care payment / revenue cycle include Equian, Revint Solutions, Millennia Patient Services and DART Chart servicing over 2,500 health care organizations nationwide. Targeted stages of investment include growth equity through control buyouts. For more information on Eir, please visit www.eirpartners.com.
Chief Operating Officer
DART Chart, LLC.
(414) 247 – 3200
About DART Chart
DART Chart Systems LLC was founded in 1997 by Dr. Linda Kunz, PhD, and Bernard Hoffmann, CPA, EMBA and both continue to drive our success. Our clients are medium and large multi-facility chains, both non-profit and for profit, across the nation.
DART Chart works exclusively with Long Term Post-Acute Care (LTPAC) facilities to achieve optimal reimbursement and meet the “No Margin / No Mission” challenge. DART Chart software solutions are supported by training, analysis and implementation guidance that delivers measurable and impactful revenue results.
Our unique focus on optimizing reimbursement is one-of-a-kind in the industry. No other systems in the industry offer the specialized analysis and customer support that we do!
A visionary company helping LTPAC through major industry challenges
In 1997, Mr. Hoffmann and Dr. Kunz recognized a paradigm shift in the industry as CMS announced the new Prospective Payment System (PPS) for Skilled Nursing Medicare billing. With new Minimum Data Set (MDS) requirements, PPS brought dramatic change to the industry, and DART Chart Systems provided innovative software solutions to give facilities deep understanding and strategic implementation for PPS. The results are dramatic and facilities using DART Chart experience significant additional Medicare reimbursements.
Rolling forward to 2013, our founders identified another paradigm shift as Medicare and Medicaid insurance shifted to Managed Care Organizations. Admission and Case Management teams struggle with the wide variation and complexities in dealing with dozens of MCO contracts. Contract coverage’s rules can negatively impact revenue and strain already strapped budgets. DART Chart again recognized a need for deep understanding and strategic tools to manage this challenge.
Our Managed Care Solutions equip organizations to analyze and optimize reimbursement at both the individual facility and central corporate finance office levels.
Dr. Linda Kunz, Ph.D. – President / Co-Founder
Dr. Kunz drives the vision of DART Chart by monitoring industry trends and challenges. She has over 30 years of experience in health industry change management including clinical medical research, business process improvement and information systems. She has served as an expert speaker across the country. Dr. Kunz received her Ph.D. in Clinical Medicine Research from Johns Hopkins University and also a Masters in Business Management from American University.
Bernard Hoffmann, CPA, EMBA – Chief Executive Officer / Co-Founder
Mr. Hoffmann drives the financial focus of DART Chart. He has over 30 years of executive leadership experience in healthcare financial management for acute, post-acute and therapy management environments. Mr. Hoffmann started his career as an auditor for the Medicare Fiscal Intermediary of Wisconsin. His auditing experience provided a stepping stone for various financial leadership roles for therapy companies, hospitals, and long term care communities. Mr. Hoffmann received his bachelor degree in Business Administration-Accounting from the University of Wisconsin and an EMBA from the University of Wisconsin-Milwaukee.
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DART Chart works with long term care technology partners on both the provider and government sides of the business. These partnerships assist in integrating full service solutions for our clients. A list of existing partners is shown below. Contact us if you are interested in becoming a partner.