PurpleLab Acquires KAID Health to Boost AI Healthcare Analytics
PurpleLab®, a healthcare analytics firm specializing in real-world knowledge, introduced it has acquired KAID Health, an AI-powered medical analytics and care administration firm. The mixture brings collectively PurpleLab’s large-scale structured claims knowledge with KAID Health’s synthetic intelligence and pure language processing know-how, making a extra full view of affected person journeys throughout structured and unstructured knowledge sources.
KAID Health’s Whole Chart Analysis
platform has a confirmed skill to extract insights from each structured EMR knowledge and medical notes. By utilizing pure language processing to analyze notes, circumstances, medicines, and lab outcomes, KAID permits for coding accuracy, high quality reporting, and care administration.
PurpleLab’s HealthNexus® platform gives real-time analytics throughout billions of HIPAA-compliant, clinically harmonized knowledge factors. The no-code system delivers actionable insights and contains standardized medical terminology and affected person idea teams that align with KAID’s coding and care administration workflows.
“This acquisition positions PurpleLab to transfer past conventional analytics and turn out to be an AI-first healthcare intelligence firm,” mentioned Mark Brosso, CEO of PurpleLab. “By combining our knowledge with KAID’s AI, we are able to unlock insights from the unstructured medical narrative and ship measurable worth and confirmed monetary influence to our companions and different healthcare organizations.”
Together, the platforms will permit shoppers to:
- Improve monetary efficiency by figuring out and addressing documentation gaps earlier than and submit claims submission, whereas making workflows higher for clinicians.
- Accelerate medical analysis and drug improvement by way of extra exact affected person cohort identification.
- Strengthen value-based care initiatives with higher threat stratification and care hole closure.
- Reduce administrative work by automating coding and chart assessment.
- Deliver fast returns on funding, with examples together with shoppers producing hundreds of thousands in extra income.
“As our prospects and analysis companions have proven, higher knowledge leads to higher choices on the affected person, supplier, and inhabitants degree,” mentioned Kevin Agatstein, CEO and founding father of KAID Health. “This partnership expands how structured and unstructured knowledge will be utilized to care high quality, coding, and medical analysis.”
The mixed providing is now out there to payers, accountable care organizations (ACOs), supplier teams, and life sciences corporations.
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