Hindsait, Inc. – a leading Artificial Intelligence and predictive analytics company – receives investment from Healthbox and GuideWell through their fund dedicated to health care innovation and transformation.
Hackensack, N.J. (Date), 2016 – After undergoing a rigorous evaluation process, Hindsait is proud to announce that it has received investment funding from Healthbox and GuideWell through their Healthbox Studio fund. Hindsait was awarded funding to enable scaling of its innovative Artificial Intelligence (AI) technology platform.
In addition to the seed funding, Hindsait will have piloting and scaling opportunities of its AI technology with one of GuideWell’s subsidiaries, a leading health insurance company in Florida, along with other health insurance companies and integrated health networks.
Hindsait turns AI, predictive analytics and big data into health care business solutions. Hindsait’s unique approach starts with its ability to use AI to process and analyze physicians’ notes –“free texts” in patient charts within the context of clinical guidelines and regulatory requirements.
These inputs drive machine learning and predictive analytics that evaluate, score and flag patient charts for specific actions. Using Hindsait’s AI platform, physicians and administrators at hospitals, health insurance plans and allied businesses can now: prevent more unnecessary services, correct missed preventive care opportunities and speed up provider quality reporting (such as HEDIS and STAR ratings).
“What truly makes Hindsait’s capability unique is its ability to leverage artificial intelligence to identify meaningful clinical insights that create a better pathway for care delivery within the existing platforms that large health and payer systems already have in place,” explains Renee Finley, head of GuideWell Innovation. “Hindsait offers health systems a simple way to more rapidly adapt to the changing nature of patient engagement, care management, diagnostic and therapeutic support, and quality improvement.”
Ateet Adhikari, Vice President at Healthbox said, “The goal of Healthbox's Studios is to source and evaluate top-tier companies like Hindsait for potential investment. During participation in our Miami Studio, Hindsait’s proven AI technology and differentiated platform, coupled with its seasoned executive team, set it apart. We are excited about Hindsait's potential in solving key challenges that could transform the healthcare industry."
Pinaki Dasgupta, Hindsait's CEO said, "We are very excited with the opportunity to work with Healthbox and GuideWell as our partner. Our AI and predictive analytics solution has come of age and it is a testament to the fact that the leading health care businesses are now ready to embrace our technology. Hindsait is excited to be at the forefront of this innovation.”
About Healthbox
Healthbox is the preeminent source of healthcare innovation and drives actionable collaboration between inventors, entrepreneurs and the healthcare industry. Our studio programs offer serious entrepreneurs the candid, unparalleled healthcare industry access and insight needed to succeed in a complex marketplace. We also partner with leading healthcare organizations to advance a culture of idea generation, business creation and external collaboration. With operations in Boston, Chicago, Florida, and Salt Lake City, Healthbox is building a strong, global community dedicated to driving change in healthcare. Healthbox has a portfolio of more than 75 active companies and strategic partnerships with more than 30 healthcare organizations. For more information, visit http://www.healthbox.com.
About GuideWell
GuideWell Mutual Holding Corporation (GuideWell) is a not-for-profit mutual holding company and the parent to a family of forward-thinking companies focused on transforming health care. The GuideWell organization includes the leading health insurance company in Florida, a number of health care delivery businesses, a consumer engagement company, and a provider of administrative services to state and federal health care programs. For more information, visit www.guidewell.com.
About Hindsait
Hindsait, Inc. turns artificial intelligence (ai), predictive analytics and big data into better healthcare at lower costs. Hindsait’s SaaS platform takes in, rationalizes and enhances complex healthcare data, then analyzes it to predict outcomes and help healthcare organizations and providers make better decisions more profitably. To learn more or to contact the company for a product demonstration, visit http://www.hindsait.com/contact.