{"id":44282,"date":"2022-05-24T16:01:53","date_gmt":"2022-05-24T14:01:53","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/kaid-health-announces-series-a-to-fuel-growth-of-its-ai-powered-provider-payer-whole-chart-analysis-platform\/"},"modified":"2022-05-24T16:01:53","modified_gmt":"2022-05-24T14:01:53","slug":"kaid-health-announces-series-a-to-fuel-growth-of-its-ai-powered-provider-payer-whole-chart-analysis-platform","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/kaid-health-announces-series-a-to-fuel-growth-of-its-ai-powered-provider-payer-whole-chart-analysis-platform\/","title":{"rendered":"KAID Health Announces Series A to Fuel Growth of its AI-Powered Provider\/Payer Whole Chart Analysis Platform"},"content":{"rendered":"
\n

\nFunding to expand company\u2019s footprint among healthcare providers and the insurers they partner with while improving reimbursement, clinician efficiency, and care quality<\/i>\n<\/p>\n

BOSTON–(BUSINESS WIRE)–KAID Health<\/a>, <\/b>makers of an <\/b>artificial intelligence-enabled clinical analysis and provider engagement platform, <\/b>today announced its $4.25 million Series A funding. The financing was led by prominent healthcare IT investors, including Activate Venture Partners and Martinson Ventures. Boston Millenia Partners, Brandon Hull, Howard Landis, and KAID Health\u2019s Board of Directors also participated. The new investment brings KAID Health\u2019s total capital raised to $6.45 million. John Martinson and Dana Callow, of Martinson Ventures and Boston Millenia Partners, respectively, are now observers to KAID Health\u2019s Board of Directors.\n<\/p>\n

<\/a><\/p>\n

\nKAID Health allows providers to profit from delivering more informed coordinated care. Its natural language processing-centric Whole Chart Analysis <\/i>solution integrates with the electronic medical record (EMR) to identify high-value tactical care and coding interventions. The solution pushes identified gaps into the provider\u2019s workflow, making it easy for them to intervene appropriately. At the same time, the system can financially reward providers for their timely completion of assigned tasks.\n<\/p>\n

\n\u201cKAID Health is solving three fundamental problems facing providers and payers today. First, how to make clinicians more efficient. Second, how to translate that efficiency into more cost-effective care. And lastly, how to grow both provider and payer revenues to capture this newly created value,\u201d explained Kevin Agatstein, founder and CEO of KAID Health. \u201cBy finding the right intervention and simplifying how the work gets done, KAID Health saves clinicians time, reduces waste, and ensures all care is paid for appropriately. Built in conjunction with leading provider organizations, we have already created over 10 times the return on investment for our customers.\u201d\n<\/p>\n

\nToday, KAID Health\u2019s technology is used for a wide variety of use cases in an array of clinical settings. For example, KAID Health improves Medicare Advantage coding accuracy and completeness at a large multi-specialty group. The platform helps automate quality metric reporting for primary care providers. The same solution streamlines chart review for prior authorization, and identifies pre-operative risk factors at a large academic medical center.\n<\/p>\n

\n\u201cKAID Health combines the deep industry expertise and the technology prowess needed to transform how providers and payers can collaborate to improve care,\u201d said Todd Pietri, KAID Health\u2019s board member and lead investor.\n<\/p>\n

\nWith the funding, KAID Health will bolster its market footprint among providers, while furthering collaboration between providers and health plans, payers, and Accountable Care Organization partners. The company will also expand its Boston, MA office and will hire new team members across a variety of job roles.\n<\/p>\n

\n\u201cWe know there is tremendous value locked in EMRs, including the ability to reduce costs and increase revenues,\u201d said John Martinson of Martinson Ventures. \u201cKAID Health has already proven it can translate this data into profitable interventions. We are proud to support its expansion.\u201d\n<\/p>\n

\nAbout KAID Health<\/b>\n<\/p>\n

\nKAID Health makes care delivery more efficient, effective, and profitable for providers and their payers and Accountable Care Organization partners. Its Whole Chart Analysis<\/i> platform extracts all relevant data from electronic medical records, including structured data and text, using artificial intelligence and natural language processing. The solution identifies the patient care interventions needed for providers to achieve their clinical, financial, or operational objectives. In parallel, KAID Health extends to payers a comprehensive view of members\u2019 health by combining claims and EMR data. Today, KAID Health\u2019s technology is used by leading providers, health systems, academic medical centers, and payers to automate a variety of workflows, including coding accuracy, quality measurement, prior authorization support, and pre-operative assessment. The company was founded by a veteran team of healthcare information technology and population health innovators. It is based in Boston, MA. To learn more, visit www.kaidhealth.com<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nPress
\n
<\/b>Kay Blazar
\n
SVM PR
\n
kaidhealth@svmpr.com<\/a>
1-401-490-9700\n<\/p>\n

\n\u00a0\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Funding to expand company\u2019s footprint among healthcare providers and the insurers they partner with while improving reimbursement, clinician efficiency, and care quality BOSTON–(BUSINESS WIRE)–KAID Health, makers of an artificial intelligence-enabled clinical analysis and provider engagement platform, today announced its $4.25 million Series A funding. The financing was led by prominent healthcare IT investors, including Activate … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-44282","6":"format-standard","7":"category-industry"},"yoast_head":"\nKAID Health Announces Series A to Fuel Growth of its AI-Powered Provider\/Payer Whole Chart Analysis Platform - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/kaid-health-announces-series-a-to-fuel-growth-of-its-ai-powered-provider-payer-whole-chart-analysis-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KAID Health Announces Series A to Fuel Growth of its AI-Powered Provider\/Payer Whole Chart Analysis Platform - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Funding to expand company\u2019s footprint among healthcare providers and the insurers they partner with while improving reimbursement, clinician efficiency, and care quality BOSTON–(BUSINESS WIRE)–KAID Health, makers of an artificial intelligence-enabled clinical analysis and provider engagement platform, today announced its $4.25 million Series A funding. 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