GuideHealth, an AI-powered value-based care provider for health systems, announced it has acquired the value-based care services division and managed services organization of medical data analytics company Arcadia.
The company also Arcadia leverages its data analytics platform to enhance its acquired products and work in conjunction with predictive and generative AI.
GuideHealth’s value-based care platform includes AI insights into when patients need specific care before preventable health events, virtual health guides for patient, provider, and community connection and engagement; Provide healthcare providers with tools for workflow.
Arcadia’s managed services organization provides tools for providers to improve processes around network management, pre-authorization monitoring, payment management, visit access and referrals.
“The acquisition of MSO significantly accelerates our plans to leverage the team’s expertise in referral management, pre-authorization, and utilization management and enhance it with data, technology, and AI. It addresses the many challenges facing providers and complements the value-based care outcomes we create for our customers,” said Dr. Sanjay Doddamani, Founder and CEO of GuideHealth. Told. Mobi Health News on mail.
“We believe this unique combination provides financial stability for health systems and creates a strong foundation for improving patient outcomes and access.”
Earlier this year, Arcadia raised a surprising amount of funding. Funding amount is $125 million. In 2020, the company earned $29.5 million in growth equity investments.
In September, Arcadia launched a generative AI assistant that generates insights from data in healthcare settings. It utilizes a large-scale language model (LLM) that leverages . OpenAI analyzes patient records to provide healthcare providers with insights into healthcare utilization patterns, create care plans, and more.
Early this month, Hippocratic AI, a generative AI company developing safety-focused LLMs for healthcare, announced the launch of an early access partnership program to support the development of the technology. GuideHealth was one of our early access partners. The company said the partnership will allow it to obtain health and clinical updates directly from patients.