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AOD Software Acquires Stratis
|By Business Wire
|July 17, 2014 01:39 PM EDT
Software, delivering the industry’s leading integrated software
solution to senior care providers, today announced its acquisition of Stratis
Business Systems, Inc., a leader in home health and home care
cloud-based software, increasing clinical and financial efficiencies
across the entire spectrum of care.
By combining these two prominent technology providers, AOD and Stratis
are now primed to address a growing need for a combined senior care and
home care solution. According to a December 2013 Harris
Williams & Co. study, home health spending will grow by 80
percent by 2019, with the pending retirement of the baby boomer
population as one of the factors contributing to the increasing demand
for at-home and senior care. These trends mean there is a growing need
for an integrated, complete solution that reaches beyond what is
“We are thrilled to now include Stratis in the AOD family,” said Aric
Agmon, president and CEO of AOD. “Today, we begin the process of
integrating our two organizations and technologies to expand and enhance
offerings for population health management to reach across the spectrum
of care. As senior living facilities continue to provide more care
outside their facility walls, it will be critical that they have
solutions that work seamlessly together in each care setting. We are
certain that the experience and expertise each organization brings,
along with their shared culture of client service and innovation, will
enhance our solutions that are well aligned for this growing need.”
Stratis, now an AOD Software company, has partnered with more than 300
established home care companies to deliver solutions for all lines of
home care. Its Soneto™ cloud-based software system, which is uniquely
designed to handle the needs of Medicare, private pay and Medicaid
agencies, includes key modules for CRM, scheduling, telephony, billing,
financial and point of care solutions. Soneto™ was designed for the
enterprise care provider and growing organizations with multiple service
lines and offices.
“This milestone marks a game-changing move in Stratis’ company history,
the senior care and home health markets,” said Joe Kraus, founder and
president of Stratis. “By expanding resources through AOD and leveraging
their industry expertise, Stratis will accelerate its growth in a market
that is rapidly expanding into home care operations. We will continue to
advance the Soneto product and develop its breadth and functionality.”
The combined entities will result in one of the largest software
companies in South Florida and one of the largest healthcare IT
companies focused on seniors. The combined companies will employ more
than 200 professionals and serve over 3,000 senior care and home care
sites, enhancing the lives of hundreds of thousands of seniors in the
U.S., Canada and Australia.
About AOD Software
AOD is the industry’s leading provider of integrated clinical,
financial, operational and point-of-sale solutions to senior care
facilities. AOD’s software solution, Answers™, is the most comprehensive
solution in the industry, offering single-point access to robust,
enterprise-wide functionality, including electronic health records
(EHR), MDS, care plans, assisted living, human resources, billing,
payroll and financials. The software suite is the industry’s only fully
integrated system that maximizes the capabilities of Continuing Care
Retirement Communities, Assisted Living Facilities, Skilled Nursing
Homes, Independent Living, Rehabilitations. For more information, please
Stratis has partnered with more than 300 home care companies to provide
industry leading home care software solutions and support for the home
care industry. Its cloud-based Soneto™ system provides scalable and
flexible solutions that allow staff to be more efficient, informed and
responsive, and is uniquely designed for all lines of home care,
including private pay, Medicare and Medicaid. Soneto integrates all
aspects of agency operations, including CRM, point of care (POC), OASIS,
Caregiver HR, matching, scheduling, telephony, payroll, billing and
accounts receivable. For more information, please visit www.stratisinc.com.
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