What You Should Know:
– KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health’s Board of Directors.
– With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings.
Unlocking the Power of Whole Chart Analysis
KAID Health’s flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient’s chart, including notes, conditions, medications, and lab results. This comprehensive approach enables:
- Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making.
- Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians.
- Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes.
Real-World Impact, Proven Results
KAID Health’s impact extends beyond theoretical promises. To date, the platform has already:
- Revolutionized Medicare Advantage coding for large provider groups nationwide.
- Simplified chart review for prior authorization and clinical trial enrollment.
- Outperformed physicians in identifying surgical risks at a major medical center.
“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.”