Summarize this content material to 1000 phrases IKS Well being, a technology-backed care enablement platform that provides administrative, scientific and operational assist, introduced it acquired tech-enabled medical-coding, clinical-documentation and revenue-support firm AQuity Options for $200 million.
IKS’ platform contains know-how and providers for scientific assist, income optimization, digital well being and value-based care. The corporate stated the acquisition will permit it to scale its AI options with steering from Bolstered Studying By way of Human Suggestions (RLHF), due to AQuity’s datasets.
The mixed firm will function underneath the identify IKS Well being. It can have an annual income of greater than $330 million and a worldwide workforce of greater than 14,000 staff, together with 1,500 clinicians, 350 medical coders, know-how specialists, scientific documentation specialists and income integrity specialists.
“We’re excited to affix forces with a like-minded business chief in IKS,” Kashyap Joshi, CEO of AQuity, stated in a press release. “Our award-winning options have been acknowledged by KLAS and Black E-book as market main, highlighting our capacity to drive superior outcomes for our shoppers. By combining our capabilities, we’ll speed up our dedication to delivering significant, pragmatic, and confirmed options for all the continuum of care, in order that sufferers have a greater expertise and practices, teams, and hospitals can thrive.”
THE LARGER TREND
Earlier this yr, IKS introduced a partnership with AI-enabled medical documentation startup Abridge to construct and deploy AI know-how to cut back the executive burden for healthcare professionals.
The corporate additionally introduced it was making a strategic funding in Milwaukee-based healthcare-payments and revenue-cycle administration startup Sift Healthcare to hurry up its transfer into reactive revenue-cycle administration.
Different corporations providing AI-enabled administrative help options embody Seattle-based Outbound AI, an organization providing AI-powered digital brokers that carry out administrative duties, and Element5, which gives software program for post-acute care services to assist automate administrative duties.
Care enablement platform IKS Well being acquires AQuity Options for $200M
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