HEALTHCARE ANALYTICS

HealthWorksAI™ Unveils the First Healthcare Data Platform using xAI technology

HealthworksAI | December 29, 2021

HealthWorksAI™, an industry-leading Healthcare analytics company, announces the launch of the 2nd generation of their state-of-the-art xAI program. It's an advanced analytical approach that collects and processes data, generating in-depth market analysis which standard models do not uncover. Allowing data scientists an efficient way to measure the impact of various plan attributes/factors, xAI provides a better understanding of the correlation between plan features and beneficiary preference. It also provides insights into the influence of multiple verticals at the market level. The models are then combined with the human-computer interface (HCI) features capable of translating models into practical explanations for end users.

"We use a combination of Rule-based algorithms, Random Forest, and Artificial Neural Networks to develop our proprietary prediction, classification, and performance metrics," says Shreya, Data Scientist of HealthWorksAI™. "Advanced analytics & xAI comes to play in the modeling and evaluation phases of data mining. To achieve this, we use LIME and DeepLIFT, as an example, to achieve far superior results."The xAI program, released in early 2021, has been a huge success for HealthWorksAI, leading as their most subscribed platform module in its first year. The 2nd generation, which will see releases begin in early Q2, includes multiple platform enhancements as well as new approaches to xAI methodologies.

"We're excited to announce the expansion of our xAI program for MA Payors. One of the defining aspects of our company is the partnership our clients provide. We appreciate their faith and confidence and look forward to delivering even more for them in 2022!"

Jereme Ayers, Chief Growth Officer of HealthWorksAI

About HealthWorksAI

HealthWorksAI™ is a privately held healthcare data analytics company in the US that provides healthcare payors with rapid access to very efficient and insightful Medicare Advantage market data, accurate predictions, and a reliable single source of truth for strategic decision-making.

It is the only company in the industry to accurately predict the enrollments for all the health plans down to the county level within 72 hours of the CMS' (Center for Medicare and Medicaid Services) big reveal on October 1st every year.

Spotlight

G-20 First Health Working delegates visited KIMS Health to learn about its innovative healthcare practices and technology, including its commitment to Medical Value Travel and Wellness.

Spotlight

G-20 First Health Working delegates visited KIMS Health to learn about its innovative healthcare practices and technology, including its commitment to Medical Value Travel and Wellness.

Related News

HEALTHTECH SECURITY

Carenet Health Acquires Stericycle Communication Solutions, Creating Industry’s Most Comprehensive Healthcare Consumer Engagement Company

Carenet Health | December 02, 2022

Carenet Health, a leading provider of 24/7 and on-demand patient engagement solutions announced it has acquired Stericycle Communication Solutions, an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. as part of its strategic vision to create a cohesive patient experience and provide better healthcare for all. The acquisition strengthens Carenet’s robust capabilities in the payer, healthcare services, and clinical arenas by adding provider-centric technology services including online scheduling platforms, automated messaging solutions, and additional inbound and outbound call center services. The combined entity provides 1 in 3 Americans access to Carenet offerings and works with 14 of the top 20 health systems in the U.S., among 1,000 other leading healthcare companies. “At this critical moment in healthcare, where health systems are working hard to get patients back in the door for needed procedures, we’re pleased to be able to provide 24/7 modernized and elevated technology tools with the overall goals of better access, better experiences, better outcomes, and better profitability. Carenet is now the industry’s most experienced and comprehensive healthcare consumer engagement company, delivering dynamic integrated solutions that support the ongoing shift to value-based care.” John Erwin, Carenet chief executive officer In addition to Carenet’s Intelligent Engagement™ clinical and telehealth services, Carenet’s offerings now include Best-in-class Intelligent Scheduling solution, built on the InQuicker™ scheduling platform, that enables patients to convert at the moment of intent Broadest and deepest EHR/EMR integrated solution in the marketplace Award-winning SaaS digital and automation platforms with natural language processing and multi-language capabilities Partnerships with leading health-tech innovators, including leading search platforms Fully API-enabled enterprise platform Carenet’s Matt Dickson, formerly senior vice president at Stericycle Communication Solutions, said the deal is a great fit for both companies. “The acquisition creates an enhanced and powerful end-to-end clinical solution for payers, providers, and healthcare partners that eliminates costly handoffs and multi-vendor management headaches,” Dickson said. “Additionally, our hospital and health system customers will continue to receive the top-notch service they expect while also benefiting from Carenet’s deep clinical expertise and resources. The strategic marriage of tech-enabled communications and expert human capital is a recipe for success during this time of worker shortages, delayed care, and heightened interest in non-traditional venues of healthcare.” Carenet’s enhanced portfolio brings together a human touch to patient engagement and innovative technology solutions to deliver meaningful improvements to patient experience and health outcomes while strengthening provider, payer, and healthcare partner successes. “We’re excited to build on our more than 30 years of expertise by exponentially improving our ability to modernize and optimize the delivery of the healthcare consumer experience across the entire patient engagement journey,” said Mick Mazour, Carenet president. “It’s an essential moment in time for healthcare, and we’re well-positioned to answer the industry’s call for better healthcare for all.” About Carenet Health Carenet Health is the industry's leading healthcare consumer engagement company, providing member and patient engagement, clinical support, virtual care, online scheduling, and advocacy solutions for providers, payers, and partners. One in three Americans have access to Carenet's services. The global company is headquartered in San Antonio, Texas. About Stericycle Communication Solutions Stericycle Communication Solutions is an industry leading provider of patient engagement solutions, providing online scheduling, automated messaging, and strategic inbound and outbound call center services to drive patient access, action, and adherence. Combining a human touch with innovative technologies, Stericycle Communication Solutions delivers a comprehensive patient engagement platform that helps clients acquire and retain patients, achieve higher customer satisfaction rates, enhance their brands, and grow revenue.

Read More

DIGITAL HEALTHCARE, MEDICAL DEVICES

Virgin Pulse and Medsphere Enter into a Collaborative Agreement to Support Health Systems’ Growth

Medsphere Systems Corporation | December 15, 2022

Virgin Pulse, the leading global digital-first health, wellbeing, and navigation company, announced that it has entered into a collaborative agreement with Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare IT platform solutions and services. The two companies have established a long-term referral partnership that makes Medsphere’s Marketware physician relationship management (PRM) platform the preferred solution for Virgin Pulse clients; Virgin Pulse is now the preferred customer relationship management, patient acquisition and retention, and data/analytics solution provider for Marketware clients. “Our Homebase for Health platform and strategy is focused on providing the market with a comprehensive digital health activation and engagement solution that unifies health, wellbeing, and navigation for clients and consumers. As we looked across our solution set, we recognized that our PRM offering was sitting slightly adjacent to that core strategy. To ensure that our health system clients are getting the latest advancements in provider relations, we are helping transition them to Marketware’s PRM. We look forward to introducing Marketware clients to our growing offerings for patient acquisition and retention as well.” Jeff Yoshimura, chief product officer for Virgin Pulse Virgin Pulse will continue to offer and invest in VP Activate, which delivers data-driven, multi-channel outreach capabilities – including CRM/patient acquisition and retention – that drive people to take critical health actions. VP Activate leverages real-time data and engagement experts to accurately identify and reach up to 95% of targets with integrated digital and offline channels that maximize campaign results. The Marketware division of Medsphere is transitioning Virgin Pulse clients who are currently using the Physicianology PRM solution to its best-in-class PRM platform moving forward. Virgin Pulse is discontinuing Physicianology as of December 31, 2022. “Hospitals and health systems today face challenges when it comes to managing both their physician network and patient populations, creating a prime opportunity for technologies from Marketware and Virgin Pulse to make a big difference,” said Josh Cameron, executive vice president, Marketware Division of Medsphere. “We look forward to working with Virgin Pulse to support health systems by maximizing our core competencies to help them reach their goals. We also welcome Virgin Pulse PRM clients to Marketware and are committed to providing them with a high-quality experience.” About Marketware Marketware’s Physician Relationship Management (PRM) platform makes it easier than ever to plan, track and measure the effectiveness of liaison activity across key growth initiatives. With Marketware, healthcare organizations are better armed to prevent physician turnover and loss of revenue by keeping close track of organized timelines and task assignments. Recruiters and C-level decision makers can review the responsiveness of physician recruits and close the loop on any obstacles to access or service issues. About Virgin Pulse Virgin Pulse is the leading digital-first health, wellbeing, and navigation company that empowers organizations across the globe to activate populations, improve health outcomes, and reduce spend in an era of accelerating cost and complexity. Virgin Pulse’s Homebase for Health® connects data, people, and technology to deliver high tech, human touch experiences that engage and reward individual journeys. Virgin Pulse impacts over 100 million people across 190 countries by helping Fortune 500, national health plans, and many other organizations change lives – and businesses – for good.

Read More

FUTURE OF HEALTHCARE, HEALTHCARE ANALYTICS

Stericycle Completes Divestiture of Communication Solutions Business to Carenet Health

Stericycle, Inc. | December 05, 2022

Stericycle, Inc. a leading provider of regulated medical waste management and secure information destruction solutions, announced that it has completed the divestiture of its Communication Solutions business to Carenet Health, one of the healthcare industry’s leading consumer engagement and telehealth partners, for approximately $45 million in cash, subject to customary adjustments. Stericycle intends to use the net proceeds from the divestiture to pay down outstanding debt. Stericycle Communication Solutions provides online scheduling, automated messaging and strategic inbound and outbound call center services to drive patient access, action and adherence. For the nine months ended September 30, 2022, the Communication Solutions business had revenues of approximately $45 million, reported in the North America segment, as part of Regulated Waste and Compliance Services revenues. In connection with the closing, Stericycle and Carenet Health entered into a purchase and transition services agreements. The divested business includes approximately 500 team members in North America. “The sale of Stericycle Communication Solutions demonstrates our continued commitment to deliver on our portfolio optimization key business priority, marking our eleventh divestiture since 2019. By further streamlining our company, we are taking another step in our journey to focus on our core businesses and improve sustainable operational efficiencies. I would like to thank our team members transitioning to Carenet Health and wish them much success as they work to deliver better experiences and outcomes across the patient journey." Cindy J. Miller, chief executive officer of Stericycle About Carenet Health Carenet Health is one of the healthcare industry’s leading consumer engagement and telehealth partners—providing consumer engagement, clinical support, virtual care and advocacy solutions on behalf of 250+ of the nation’s premier health plans, providers, health systems and Fortune 500 companies. One in four Americans have access to Carenet’s services. Carenet is headquartered in San Antonio, Texas, with additional office locations in New Mexico, Maine and the Philippines. About Stericycle Stericycle, Inc., is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protects people and brands, promotes health and well-being, and safeguards the environment. Stericycle serves customers in the U.S. and 16 countries with solutions for regulated waste and compliance services and secure information destruction.

Read More