HEALTH TECHNOLOGY

Talix Awarded Patent for Healthcare Technology By the U.S. Patent and Trademark Office

Talix | November 20, 2020

Talix, a SaaS answer for the two payers and healthcare suppliers to deal with their patient data, reported a patent granted by the U.S. Patent and Trademark Office named, "Wellbeing Information System for Searching, Analyzing and Annotating Patient Data," patent number 10,755,804. Talix's restrictive innovation utilizes extraordinary common language preparing (NLP) and a semantic wellbeing scientific classification for payers and suppliers so they can all the more effectively investigate far reaching patient information without huge manual work.

 

Patient information volume is expanding at a huge rate each year, and 80% of that data is unstructured content. With this change, healthcare associations need both organized and unstructured data to get more precise repayments and to settle on more educated choices about patient consideration. The Talix stage, sponsored by Artificial Intelligence (AI), rolls out this improvement easy and instinctive by empowering clients to effortlessly parse the high volume of patient data they get from shifting sources. This incomprehensibly improves the ID of patient clinical keenness, medicines, and wellbeing the executives.

 

"Due to the shift to value-based care, the healthcare market needs advanced information technology to leverage massive amounts of patient data," said Dean Stephens, CEO of Talix. "As patient information grows, it's no longer scalable for humans to sift through the data alone. Our technology further reinforces our innovative solution to thoroughly mine patient data and improve the payer and provider reimbursement process."

 

Talix's NLP and semantic scientific categorization, on top of amazing back-end innovation, give an across the board healthcare stage that rates up repayment work processes. Accordingly, clients accomplish a higher ROI and better accuracy in their Risk Adjustment measures. This at that point permits payers and suppliers to improve the exactness and detail of their patient and part documentation to give high-caliber, consistent patient consideration.

 

About Talix

Talix is a comprehensive, AI-powered SaaS platform for healthcare payers and providers, making the transformation to value-based reimbursement more seamless and effective. The Talix Platform uses award-winning natural language processing (NLP) and machine learning (ML) techniques to power workflow applications, making patient data processing more accurate and efficient. Innovative healthcare organizations use Talix to improve productivity by up to 3X, turning their unstructured and structured patient data into actionable information. Ultimately, Talix accelerates the journey toward universal value-based reimbursement so patients can receive quality healthcare nationwide.

Spotlight

Oliver Wyman, in collaboration with FORTUNE Knowledge Group, conducted an online survey of 2,016 US consumers in October and November 2016. The survey is one of the largest of its kind, and the findings are highly relevant for policy makers, industry leaders, and the general public. As depicted in the infographic below, our research provides a nuanced view into the concerns and the needs of US healthcare consumers.

Spotlight

Oliver Wyman, in collaboration with FORTUNE Knowledge Group, conducted an online survey of 2,016 US consumers in October and November 2016. The survey is one of the largest of its kind, and the findings are highly relevant for policy makers, industry leaders, and the general public. As depicted in the infographic below, our research provides a nuanced view into the concerns and the needs of US healthcare consumers.

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HEALTH TECHNOLOGY

Charles River Launches First Annual Healthcare Collaboration Report

Charles River Laboratories | September 20, 2021

Charles River Laboratories International, Inc.today released the results from its first annual Healthcare Collaboration Report, which identified Americans’ perceptions of healthcare’s strengths and weaknesses, general knowledge of drug and vaccine development, as well as respondents’ key future priorities. The survey, conducted in May of 2021 with The Harris Poll, polled more than 1,500 Americans and found respondents want to see industry players working together, with 64% saying the quality of healthcare would improve with more collaboration. “Working from early-stage research all the way to drug manufacturing, Charles River is in a unique position to understand and appreciate the importance of collaboration across the healthcare industry,” said Jim Foster, Chairman, President and Chief Executive Officer of Charles River Laboratories. “The scientific community’s response to the COVID-19 pandemic demonstrated just how powerful it is when stakeholders across healthcare work closely together. We developed, approved, manufactured, and distributed vaccines at record speed. This report is an important lens into the public’s perception of the industry and why a commitment to maintaining this collaborative effort will be so critical for a strong healthcare system in the future.” Healthcare is broken, collaboration is key to remedy The survey identified that one in three Americans (34%) believe the cost of healthcare is the biggest problem facing the system, followed by the high cost of prescription drugs (18%). Still, it is believed that collaboration has the potential to transform the industry, with 90% of Americans agreeing it will take a united effort of all key players to improve the healthcare system. Other key findings on the potential impact of collaboration across the healthcare industry include: 52% say that closer collaboration would increase the amount of healthcare innovation. Most (84%) also agree greater collaboration across all groups involved in healthcare would help new drug development move more quickly. The government is most likely to be assigned with the responsibility for improving the state of U.S. healthcare (39%), but the government is also the group least likely to be trusted to do what’s best for Americans – less than half (46%) trust the government somewhat or completely to do so. Americans’ industry knowledge presents opportunity for education While half (50%) of Americans think they are knowledgeable about the drug development process, there are clear opportunities for education about the industry. When asked about the amount of time it takes for a potential drug to be developed and approved for market in the U.S., only 10% correctly estimated that it takes between 10 and 15 years. Additional findings regarding Americans’ knowledge of the healthcare industry include: When asked to estimate the percentage of potential new drugs that are approved and make it to market in the United States, the average percentage reported was 36.4%. The actual percentage is closer to .02%. While most know all new vaccines and drugs will not be approved as quickly as the coronavirus vaccines, there are still a fair number of adults who are not sure (60% correctly answered false, 24% not sure). Most say collaboration between groups in the healthcare system was a reason the coronavirus vaccines were able to be approved so quickly (61% correctly answered true, 25% not sure). Pandemic prevention, lowering drug prices critical in the road ahead The pandemic brought the need for future investment and collaboration in vaccine development to the forefront for Americans, with 88% of respondents agreeing that pandemic prevention requires a collaborative effort between government, health insurance companies, pharmaceutical companies, healthcare providers, and patients. Adults are somewhat split on their views about how well they felt the U.S. handled the coronavirus pandemic compared to other countries; however, the majority of Americans – across all political parties – support the increase of taxes for the benefit of healthcare improvements. About Charles River Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our dedicated employees are focused on providing clients with exactly what they need to improve and expedite the discovery, early-stage development and safe manufacture of new therapies for the patients who need them. To learn more about our unique portfolio and breadth of services, visit www.criver.com. About the Survey The custom survey was conducted online within the United States by The Harris Poll on behalf of Charles River Labs between May 11 and 24, 2021 among 1,508 adults ages age 18+ living in the United States. All respondents were weighted to align with figures from the US Census Bureau’s March 2020 CPS (Current Population Survey) on education, age by gender, race/ethnicity, region, household income, household size, and marital status for US adults age 18+. Propensity score weighting was also used to adjust for respondents’ propensity to be online

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HEALTH TECHNOLOGY

Internova Travel Group Partners with Forbes Travel Guide and Sharecare to Adopts Health Security Verification Platform

Internova Travel Group | November 03, 2020

In its proceeded with worldwide activity to guarantee customers can travel with certainty and remain in a protected climate, Internova Travel Group has chosen advanced wellbeing organization Sharecare and Forbes Travel Guide as wellbeing security check accomplices to approve the strategies and conventions at in excess of 50,000 inns booked through its frameworks. The dynamic arrangement will help the travel business adjust on a typical methodology, predictable conventions, and a set up arrangement of wellbeing security, state organization heads. "This verification process will allow us to evaluate the quality of the vast myriad of health policies and solutions that exist at hotels throughout the world, as well as highlight those who meet best-in-class standards," said J.D. O'Hara, CEO of Internova Travel Group, one of the largest travel services companies in the world. "The services provided by Sharecare will be an important way to dynamically amplify the existing health safety protocols in place at hotels, as well as give travelers a recognizable certification that assures them that a hotel or resort is health security verified." "The pandemic has made it clear that in order for the hospitality industry to scale for our new normal, hotels and resorts must, first and foremost, assure employees and guests of their safety," said Filip Boyen, CEO of Forbes Travel Guide, the global authority on genuine Five-Star service. "Sharecare Health Security verification with Forbes Travel Guide gives guests, travel planners, and hotel staff an added layer of confidence that the places away from home where they choose to work, play, and stay are committed to health security at a time when they absolutely need it." Created in light of the disastrous effect COVID-19 has had on the cordiality business, Sharecare's wellbeing security arrangement empowers inns to enhance existing wellbeing conventions and conform to master approved prescribed procedures to limit the danger and effect of intense general wellbeing functions. This organization is one of a few activities Internova Travel Group has embraced to advance more secure travel. A month ago, O'Hara and Internova chiefs guided a computerized wellbeing pass called CommonPass pointed toward supplanting isolate with COVID-19 testing. The organization's Travel Leaders Group division dispatched a program called "Book with Confidence," which furnishes taking an interest travel guides with a library of wellbeing and security related assets to help travelers. "Our goal is to ensure our travelers can book with confidence, fly with confidence and stay with confidence," said O'Hara. "The more consistent information our advisors can provide to travelers, the more prepared and comfortable they will be in restarting their travels." The wellbeing security arrangement from Atlanta-based industry-pioneer Sharecare, is a supplement to its leader information driven, virtual wellbeing stage that incorporates a far reaching COVID-19 status arrangement, Well-Being@Work. "We are committed to empowering the hospitality industry to address the evolving emotional, educational, clinical, and operational challenges introduced by the pandemic by creating a culture of accountability that fosters resilience through well-being and health security," said Hermann Elger, president of travel, hospitality, and entertainment at Sharecare. "By combining our keen understanding of population health and digital innovation with the power of Forbes Travel Guide's expertise in unparalleled service and standards, we can ensure that physical facilities apply the appropriate safety protocols while employees and guests within those spaces have the tools and resources to stay safe and build resilience." Internova expects all inns it works with to be Sharecare Health Security VERIFIED® with Forbes Travel Guide before the finish of Q1 2022. Internova's organization with Sharecare and Forbes Travel Guide was encouraged by Axcess Worldwide. About Internova Travel Group Internova Travel Group is one of the largest travel services companies in the world with a collection of leading brands delivering high-touch, personal travel expertise to leisure and corporate clients. Internova manages leisure, business and franchise firms through a portfolio of distinctive divisions. Internova represents more than 65,000 travel advisors in over 6,000 company-owned and affiliated locations predominantly in the United States, Canada and the United Kingdom, with a presence in more than 80 countries. About Forbes Travel Guide Forbes Travel Guide is the only independent, global rating system for luxury hotels, restaurants and spas. Started as Mobil Travel Guide in 1958, the company created the first Five-Star rating system in the United States. Today, Forbes Travel Guide's incognito inspectors travel the world, evaluating properties based on up to 900 rigorous, objective standards. Forbes Travel Guide also supports the hospitality industry and other service-oriented businesses such as luxury residential, healthcare and private clubs with bespoke training solutions, evaluation services and the creation of custom service standards. About Sharecare Sharecare is the leading digital health company that helps people – no matter where they are in their health journey – unify and manage all their health in one place. Our comprehensive and data-driven virtual health platform and programs are designed to help people, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving awareness, engagement, and positive behavior change. Driven by our philosophy that we are all together better, at Sharecare, we are committed to supporting each individual through the lens of their personal health and making high-quality care more accessible and affordable for everyone.

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AI

Healthcare Triangle (HCTI) Selected By Monument Health to Automate Document Processing

Healthcare Triangle, Inc. | November 26, 2021

Healthcare Triangle Inc.,(“HCTI” or the "Company") a leading provider of cloud and data transformation platform and solutions for healthcare and life sciences, is pleased to announce that Monument Health taps Healthcare Triangle to automate their document processing through readable.AI. Healthcare Triangle’s deep expertise in Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) has helped Monument Health turn their clinical data from disparate sources into actionable insight. At Monument Health, the ability to close gaps in care depends on data availability at the point of care. As a result, this community-based health care system, headquartered in Rapid City, SD, ingests thousands of pages of data daily, which were manually identified, categorized, and uploaded by staff into its electronic health record (EHR) so the data could be delivered to providers at the point of care. With over 5,000 physicians and caregivers across 5 hospitals and 38 medical clinics serving 12 communities, Monument Health’s paper-intensive nature and need for efficient management of information while ensuring data security required an advanced automation solution for image recognition and document analysis. Monument Health leveraged Healthcare Triangle’s cloud-based AI and machine learning readabl.ai solution to automate the process of categorizing data from unstructured reports and pair the right information with the right patients. readabl.ai uses the state-of-the-art public cloud artificial intelligence and machine learning to recognize and extract information from documents, faxes and narrative reports which adds value as more documents get processed. “As a trail of records follows patients in their healthcare journey, Healthcare Triangle’s readabl.ai solution helps unlock key data while reducing the burden of manual data capture.” Suresh Venkatachari, CEO, Healthcare Triangle HCTI’s AI-powered document processing solution lets the integrated health system focus on higher-value activities related to patient care rather than document processing. It’s an approach that positions Monument Health to meet the complex health needs of its population more effectively. With HCTI’s strong partnership and expertise in AI and machine learning, Monument Health achieved: Streamlined patient care through faster processing Cost reduction through labor savings Integration to the EHR & other key applications using FHIR APIs Accuracy through the latest AI and language processing ML models Scalability through public cloud “The HCTI team and solution has synched with our needs from the very start. From the comprehensive assessment to the design and execution, HCTI validates daily that their partnership is the key component in their solution. The readable.ai project has had a tremendous impact on our health system’s accuracy and productivity in a time where struggles with recruitment and workforce put the industry at risk. Having a partner that lives on service excellence makes all the difference; Thank you HCTI team!” - Ted Syverson, Monument Health Vice President of Revenue Cycle. About Healthcare Triangle, Inc. (HCTI) Healthcare Triangle, Inc. based in Pleasanton, Calif., reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. We support healthcare organizations—including hospitals and health systems and health plans—as well as pharma and life sciences organizations, in their efforts to improve health outcomes. Healthcare Triangle enables the rapid adoption of new technologies, data enlightenment, business agility, and response to immediate business needs and competitive threats. The highly regulated healthcare and life sciences industries rely on Healthcare Triangle for expertise in digital transformation encompassing the cloud, security and compliance, data lifecycle management, healthcare interoperability, and clinical and business performance optimization. About Monument Health Headquartered in Rapid City, S.D., Monument Health is a community-based health care system with a mission to make a difference, every day. The system offers care in 31 medical specialties and serves 12 communities across western South Dakota. With over 5,000 physicians and caregivers, Monument Health is composed of 5 hospitals and 38 medical clinics and specialty centers. Monument Health is a member of the Mayo Clinic Care Network.

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