Digital Health
KAID Health Announces New Financing to Fuel Market Expansion of its Whole Chart Analysis™ Platform
Funding will grow company’s presence among value-based care providers, who today use KAID to maximize revenue capture, improve care, lower operating…
Funding will grow company’s presence among value-based care providers, who today use KAID to maximize revenue capture, improve care, lower operating expenses and reduce staff burnout.
KAID Health, makers of the artificial intelligence-enabled Whole Chart Analysis platform, announced significant new funding from Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, Brandon Hull, and KAID Health’s Board of Directors. This latest investment brings KAID Health’s total capital raised to $9 million.
KAID Health allows all types of value-based care providers to profit from delivering more informed, coordinated care. Its natural language processing (NLP)-centric Whole Chart Analysis solution integrates all EMR data, including conditions, medications, and lab values, with insights automatically distilled from medical notes. Unlike other NLP solutions, which only extract select elements from medical notes to support a specific workflow, KAID Health uses the latest language models to collect all patient data. KAID has proven in both commercial settings and peer-reviewed medical literature that it markedly improves coding accuracy and capture, quality reporting, and care management. Simply, with KAID Health, providers get better financial and clinical results while reducing the burden on their providers and support staff.
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“KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues,” explained Kevin Agatstein, CEO of KAID Health. “By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages.”
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KAID Health improves Medicare Advantage coding accuracy and completeness at large provider groups across the U.S. while simplifying their quality reporting. The same solution streamlines chart review for prior authorization and clinical trial enrollment, and has been proven to outperform physicians in identifying surgical risks at a large medical center.
“KAID Health continues to demonstrate transformative, immediate returns on investment for its customers while building a leading reputation for the effective application of AI,” said Todd Pietri, KAID Health’s board member and lead investor. He continued, “While we believe AI in general to be transformative technology, its value is only unlocked by leading, deeply knowledgeable innovators like KAID Health.”
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With its new funding, KAID Health will bolster its market footprint among providers and their payer partners and allow for significant service expansion.
[To share your insights with us, please write to sghosh@martechseries.com]
The post KAID Health Announces New Financing to Fuel Market Expansion of its Whole Chart Analysis™ Platform appeared first on AiThority.
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