Kipu Health, a provider of technology solutions for behavioral health, announced it has acquired Hatch Compliance, a cloud-based compliance management and software provider specializing in behavioral health companies.
The acquisition is expected to enhance Kipu’s offering by adding “robust governance, risk and compliance” capabilities.
Kipu aims to interact with patients through customer relationship management (CRM) tools, optimize care delivery through electronic medical records (EMR), and help with financial stability with its revenue cycle management (RCM) solutions.
“At Kip, we are constantly looking for new ways to support our customers in providing excellent care,” CEO Karina Edwards said in a statement.
“The acquisition of Hatch Compliance marks a major step forward in our mission to support behavioral health organizations. Adding Hatch’s compliance expertise to our existing technology platform provides our clients with the most comprehensive solution, allowing them to meet the highest regulatory compliance standards while still focusing on what really matters: patient care.”
Hatch Compliance CEO Mike Lifshotz said joining the Kip family marks the beginning of a new chapter for the company.
“We have always been dedicated to helping behavioral health providers navigate the complexities of compliance,” Lifshotz said in a statement.
“Kipu’s resources and shared vision enable us to deliver even greater value to our clients. Together, we will continue to innovate and provide behavioral health organizations the tools and support they need to succeed in an increasingly regulated environment.”
Larger trends
Recently, Kipu launched its latest Medication-Assisted Treatment (MAT) solution aimed at streamlining the treatment process for Opioid Treatment Programs (OTPs).
Kipu achieved HITRUST certified status for information security in 2023. HITRUST risk-based two-year (r2) certified status indicates that the Electronic Medical Records (EMR) system meets stringent regulatory compliance and industry-defined requirements and successfully manages risk.
A year ago, Kipu launched the Kipu Patient Portal, which provides patients with access to information aimed at improving the quality of care for behavioral health patients. The patient portal provides real-time information about treatment and care to patients and their authorized contacts.
In 2019, a federal jury in Florida awarded Kip Health nearly $20 million in damages after finding that its former client, Zenchertz, had copied its software to become a competitor.
The jury found that ZenCharts’ actions violated the terms of the license agreement and that the defendants conspired to gain access to Kipu’s electronic health record platform and attempted to replicate the products Kipu originally offered.
