Covr, an Orem-based workforce management platform for the long-term/post-acute health care industry, has acquired Data IQ of Fort Worth, Texas. Data IQ is a provider of business intelligence and analytics for skilled nursing providers. With the acquisition, Covr expands its analytics offerings to become a scheduling system incorporating electronic medical records, payroll and accounting integrations.
“Covr’s goal is to help post-acute care facilities build healthy, sustainable businesses through tools that streamline staff management and give visibility into key metrics so they can adapt quickly to shifting needs,” said Tanner Thompson, CEO and co-founder of Covr. “Data IQ’s analytics platform was a natural value-add, and we’re excited to offer deep, cross-facility analytics to current Covr users.”
Derek Gay, managing partner of Data IQ, will continue to lead Data IQ operations. Gay co-founded Data IQ to meet his needs as a senior living facility financial analyst.
“Operators struggle to access up-to-date data across every facility. The data is often fragmented, requires manual pulls, and is typically seven-plus days old,” said Gay. “With Data IQ, operators access operational, clinical and financial data across every facility in a single dashboard. We’re thrilled to merge our analytics capabilities with Covr’s scheduling tools, so facilities can better optimize their workforce.”
Current Covr and Data IQ users will continue to receive the same services and have the opportunity to access additional tools, Thompson said. Creative Solutions in Healthcare, an operator of 168 long-term care communities throughout Texas, is the first customer to adopt both products across its entire network.
“We are beyond excited to promote and recommend both COVR and Data IQ,” said Gary Blake, CEO of Creative Solutions in Healthcare. “We use both products and have been extremely impressed with how quickly they’ve been embraced across our organization.”
Financial terms of the acquisition were not made public.