Availity on Tuesday announced plans to acquire Diameter Health, which develops clinical data quality and interoperability technologies.
Why is it important
Availity, the national health information network, plans to integrate Diameter Health’s Upcycling Data technology into its own clinical data gateway, with the goal of creating an interoperable platform for clinical and claims data.
The company expects to close the transaction in the third quarter of 2022; other terms of the transaction were not disclosed.
Purpose is to help Availity’s clients better manage value-based care arrangements – providing easier exchange of information between providers, health plans and others, as well as officials Normalize structured and unstructured clinical data for a multitude of digital use cases, they say.
Combining Diameter’s API technology and Fusion engine with Availity’s clinical gateway capabilities will enable health plans, providers and partners to A network of partners to access and simplify clinical data collection.
It will also help healthcare clients normalize data into industry standard terms, reorganizing and deduplicating disparate data sources. This will enable the creation of longitudinal health records and help support bidirectional and intelligent workflows for care gap reduction, quality measurement, risk adjustment, automated prior authorization, care management and other use cases.
At HIMSS22 in Orlando this March, Mark Martin, VP of Product Management at Availity, explained how the company is using artificial intelligence and machine learning to help suppliers and payers streamline approvals, recommendations and claims management.
ON THE RECORD
“This acquisition underscores Availity’s strategy to empower providers and health plans to benefit from actionable, real-time and precise data insights to reduce administrative efficiency,” Availity CEO Russ Thomas said in a statement. lower, maximize revenue potential, and drive improved quality of patient care on a scalable platform.
“Powered by Diameter technology, Availity will create national excellence data capture and interoperability platform,” he added. “We are excited to leverage the talent and energy of the Diameter Health team to deliver an integrated clinical and claims data platform that provides real-time, intelligent, bi-directional data workflows and insight. “
“Clinical data is extremely valuable, but the ability to structurally and semantically standardize multi-source, multi-format clinical data and to further enrich and deploy that data to drive action remains a medical challenge. An emerging capability in healthcare,” added Mary Lantin, President and Chief Operating Officer, Diameter Health. “By combining our complementary capabilities and at the intersection of providers, health plans and data partners, we have the opportunity to truly disrupt healthcare. healthcare industry and break new ground in advancing data intelligence. “
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