What You Should Know: Only 57 percent of healthcare organizations use data to make business decisions, despite 90 percent of healthcare leaders agreeing that access to quality data is critical to organizational performance, according to a new report by Arcadia.The Current State of Healthcare Analytics Report insights come from a pulse survey on the current state of healthcare analytics platforms conducted by the Healthcare Information and Management Systems Society (HIMSS) and
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healthcare analytics
M&A: MultiPlan Acquires Benefits Science LLC for $160M
What You Should Know: MultiPlan, a provider of data-enabled cost management, payment, and revenue integrity solutions for 700+ healthcare payors announced the acquisition of Benefits Science LLC (BST) for $160M in cash and stock.BST was founded in 2012 by a group of MIT-trained experts in data science, including Dimitris Bertsimas, Ph.D., who is recognized as an early pioneer in healthcare analytics and who serves as the company’s chief data scientist. Dr. Bertsimas will continue with BST
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Innovaccer Launches Self-Serve Conversational AI Assistant
What You Should Know: - Innovaccer is unveiling six new breakthrough solutions that help providers accelerate their success with population health, consumerism, and value-based care. - Leading the lineup is Sara, the first conversational AI for healthcare analytics. Sara is a conversational AI assistant that literally puts the full breadth and depth of enterprise healthcare analytics into the hands of healthcare managers, physicians, and care teams. Anyone can ask Sara complex questions
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Gradient AI Acquires Healthcare Analytics Business Unit from Prognos Health 
What You Should Know: - Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, recently announced that it has acquired Prognos Health’s analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace. - The acquisition will enable Gradient AI to expand its medical database capabilities by integrating Prognos Health’s data
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3 Steps to Powering Data Innovation with Analytics & AI
A hot topic we see and hear a lot in healthcare is leveraging big data. Little known fact, we don’t yet have big data in healthcare, so the industry hasn’t had the opportunity to use big data. Healthcare has been in the “little data” game because much of the healthcare experience has yet to be digitized. In addition, interoperability issues leave much data siloed on disparate databases across the healthcare ecosystem. This is all changing, and this change is accelerating. We’re quickly
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PurpleLab Secures $40M for No-Code Healthcare Analytics Platform
What You Should Know: - PurpleLab, Inc. raises $40M in Series B funding led by Primus Capital, which joins existing investor Edison Partners. - Founded in 2017, PurpleLab has a strong pedigree in proprietary methodologies for data organization, cleansing, management, and governance to solve key challenges across the healthcare industry. No code needed to create fully configured analytical reports HealthNexus™, the company's no-code analytics platform empowers life science,
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Definitive Healthcare Acquires Analytical Wizards, Healthcare Analytics Platform
What You Should Know: - This week, Definite Healthcare announced the acquisition of Analytical Wizards, an advanced analytics company revolutionizing analytics in healthcare by combining our AI/ML-powered technology, domain expertise, and high-touch relationship model. Financial details of the acquisition were not disclosed. - Founded in 2015, Analytical Wizards automates complex analytic models using tools that expedite efficient big data mining using artificial intelligence (AI) and
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Turning Health Data Deluge Into Actionable Healthcare Analytics
At the time, the 2009 HITECH Act and the introduction of the Meaningful Use program represented a momentous step in healthcare’s digital transformation. With billions of dollars in government investment and incentives in nearly two years’ time, over 77 percent of hospitals had reached Stage 3 of the Electronic Medical Record Adoption Model (EMRAM), or gone even further, pulling millions of data points into newly-established EMRs. Over the next 10 years, as EMRs grew into a broader and
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M&A: MMIT/Evaluate Acquires Healthcare Analytics Company Panalgo
What You Should Know: - Panalgo, a leading healthcare analytics company, has been acquired by MMIT and Evaluate, which joined forces last month to become a $1.6 billion global pharma commercial intelligence provider. Panalgo provides software that streamlines healthcare data analytics by removing complex programming from the equation. Panalgo's Instant Health Data (IHD) software empowers teams to generate and share trustworthy results faster, enabling more impactful decisions - With
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards
What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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