The Partnership Elevates Evidence-Based Business Intelligence for Price Cost savings, Efficiencies, and Excellent Enhancements
ENGLEWOOD, Colo., June 13, 2023 /PRNewswire/ — BurstIQ, a trusted leader in data-pushed healthcare options, proudly announces the acquisition of Olive AI’s enterprise intelligence remedy. This strategic move expands BurstIQ’s portfolio of ground breaking products and solutions, reinforcing its determination to assisting healthcare corporations navigate the complexities of data-pushed methods though keeping rigorous privacy and compliance standards. The acquired alternative, now recognized as LifeGraph Intelligence, further more boosts BurstIQ’s offerings, revolutionizing how organizations see and use their details.
LifeGraph Intelligence leverages reducing-edge technologies such as Purely natural Language Processing, Equipment Finding out, and AI to extract meaningful insights from scientific notes and EMR fields. By connecting wellness systems’ top quality, effectiveness, and price tag information with proof-dependent content material, including journal article content, pointers, and suggestions, the platform empowers companies to just take action on alternatives connected to value, time, and quality advancements. The insights facilitate clinically meaningful discussions with doctors and help corporations to acquire action to cut down unwarranted scientific variation process-broad.
“We are thrilled to add Olive’s small business intelligence alternative to our portfolio, enabling businesses to see and leverage their info in interesting new means,” mentioned Frank Ricotta, Founder & CEO of BurstIQ. “In the future, we prepare to improve LifeGraph Intelligence to address vital healthcare difficulties these kinds of as whole cost of care reduction, top quality evaluate reporting, medical demo matching, and provide chain administration.”
BurstIQ’s acquisition builds on the accomplishment of Olive AI’s business intelligence solution, which shipped sizeable savings to several healthcare units. These savings variety from $250 to $500 for each surgical scenario, resulting in total financial savings of $2.1M to $10.5M for each hospital per 12 months. Just one well being process even obtained an impressive $90M in discounts about a five-year period of time.
This acquisition represents a substantial milestone in BurstIQ’s mission to provide comprehensive, secure, and actionable health care data options. Geared up with this new technologies, BurstIQ is effectively-positioned to continue on aiding clients unlock the comprehensive prospective of their details, delivering trustworthy insights that drive value reduction, enhance effectiveness, and increase affected person outcomes throughout wellbeing techniques nationwide.
For extra information and facts about BurstIQ’s acquisition of Olive AI’s organization intelligence alternative and the start of LifeGraph Intelligence, you should get hold of BurstIQ or go to https://burstiq.com/lifegraph-intelligence/.
About BurstIQ BurstIQ’s LifeGraph system empowers organizations to join and derive meaningful insights from any information resource, enabling impressive enterprise intelligence and hyper-customized encounters. With the most non-public, safe, and reputable data fabric obtainable, you can establish a related, repeatedly mastering info ecosystem that can help you cut down expenditures, help you save time, and improve outcomes across your business.