IKS Well being, a technology-backed care enablement platform that gives administrative, medical and operational help, introduced it acquired tech-enabled medical-coding, clinical-documentation and revenue-support firm AQuity Options for $200 million.
IKS’ platform consists of know-how and providers for medical help, income optimization, digital well being and value-based care.
The corporate stated the acquisition will enable 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 below the identify IKS Well being. It’ll have an annual income of greater than $330 million and a worldwide workforce of greater than 14,000 workers, together with 1,500 clinicians and 350 medical coders, know-how specialists, medical documentation specialists and income integrity specialists.
“We’re excited to hitch forces with a like-minded trade 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 skill to drive superior outcomes for our purchasers. By combining our capabilities, we’ll speed up our dedication to delivering significant, pragmatic, and confirmed options for your complete 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 scale back administrative burden amongst healthcare professionals.
The corporate additionally introduced it was making a strategic funding in Milwaukee-based healthcare funds and income cycle administration startup Sift Healthcare to hurry up its transfer into reactive income cycle administration.
Different corporations providing AI-enabled administrative help options embrace Seattle-based Outbound AI, an organization providing AI-powered digital brokers that carry out administrative duties, and Element5, which supplies software program for post-acute care services to assist automate administrative duties.
