What You Should Know:
– MultiCare Capital Partners, the venture arm of large health system MultiCare, today is announcing a strategic investment in Layer Health, a healthcare AI company specializing in automating chart review.
– The investment will accelerate Layer Health’s growth and expand the reach of its innovative platform across the healthcare industry. Financial terms of the investment were not disclosed.
AI-Powered Chart Review
Chart review, a critical task in healthcare, is often a manual and time-consuming process. Layer Health’s AI-powered platform addresses this challenge by automating chart review while maintaining the highest standards of privacy and security.
Layer Health’s platform offers several key benefits for healthcare organizations:
- Automation of chart review: Reduces manual effort and frees up valuable time for healthcare professionals.
- Improved efficiency: Streamlines workflows and accelerates critical tasks such as quality reporting and clinical registry submission.
- Enhanced accuracy: Reduces the risk of human error in data abstraction.
- Privacy and security: HIPAA compliance and SOC II Type 2 certification ensure the protection of patient data.
“We’re thrilled to partner with MultiCare as we take the next step in Layer’s journey,” said David Sontag, CEO, Layer Health. “Their investment and belief in our mission enable us to expand our reach, bringing our platform to more health systems and further evolving our product offering. We see a huge opportunity to reshape how healthcare organizations manage chart review, and this investment is a major milestone towards that goal.”