Tredence launches HealthEM.AI to optimize cost of care and improve outcomesOctober 12, 2021
Tredence, a leading data science and AI engineering company, has launched a dedicated healthcare informatics subsidiary–HealthEM.AI, to provide analytics solutions to improve outcomes and optimize cost of care for healthcare providers and payers. It recognises nuanced industry challenges, including patient care, clinical care and revenue cycle management, among others, and helps organizations take action through cutting-edge analytical insights, the company claimed in a media release.
Compatible with the US healthcare regulatory standards, including FHIR and HIPAA, says the company, HealthEM.AI’s data platform provides a strong foundation for healthcare providers and payers to deliver key wins associated with value-based care, speciality lines of business, reimagining analytics interventions to improve efficiencies throughout healthcare organizations and commercial health plans
“Healthcare providers and payers operate in a rapidly changing landscape today, and our AI/ML-powered healthcare data solutions can efficiently bridge the real gap between direction and decision,” said Tredence CEO and Co-founder Shub Bhowmick.
According to Tredence, HealthEM.AI helps customers adopt a more data-driven culture to counter pervasive uncertainties associated with cost and outcomes; it manages the overall innovation funnel and moves ideas into impactful actions with pre-built AI accelerators and toolkits. The platform covers the full cycle of data management, from data ingestion to data quality, cataloguing and provisioning with a laser focus on improving time-to-value and self-service analytics across the healthcare spectrum.
“As we have seen over the past 18 months, healthcare systems are facing enormous pressures related to cost and quality of care,” said Vance Vanier M.D., Co-Founder and Co-Managing Partner of Chicago Pacific Founders, a strategic healthcare investment fund.
“When combined with healthcare operational expertise, we believe that AI can play a pivotal role in reducing cost and improving clinical quality. HealthEM.AI is at the forefront of bringing exciting innovation to global healthcare, ” the Tredence release quoted Vanier.
Tredence’s healthcare platform supports efficiencies and cost savings in healthcare organizations by understanding intricate populations retrospectively and using AI/ML-based predictive models to identify ‘rising risk’ or ‘high-cost bloomers’ that care management teams can intervene and avoid, helping organizations identify and execute advanced analytics such as SNF/LTC analytics, network leakage and chronic cohorts, and increasing top and bottom-line revenue drivers for specialty lines of business, Tredence release claimed.