Following its Series A financing, the Whole Chart Analysis startup experiences rapid growth while working to improve provider reimbursement, clinician efficiency, and care quality
Boston, MA — October 31, 2022 — KAID Health, a healthcare analytics and provider engagement technology company, announced it expanded company operations with a new office in Boston, MA. Coming off the heels of its $4.25 million Series A financing in May 2022, the company continues to grow its team with the addition of new team members across a variety of job roles including sales, client success, and software engineering. The new Boston office will serve as the corporate headquarters.
KAID Health summarizes the totality of the patient’s health with Whole Chart Analysis™, making it easy to identify and prioritize the revenue capture, care quality, and cost-efficiency opportunities for each patient. This is done through NLITE™ technology (Natural Language Insight & Term Extraction), which aggregates the structured claims and EMR information along with the insights buried in medical notes. Using this information, the platform can identify care quality and cost opportunities for healthcare providers, and then drive action at the point of care. For key use cases, KAID Health can target 90% actionability.
“Over the past year, KAID Health has bolstered its trajectory among providers, while furthering collaboration between providers and health plans, payers, and Accountable Care Organizations,” says Kevin Agatstein, CEO of KAID Health. “By transforming the medical chart and free text notes into actionable insights for care teams, our Whole Chart Analysis™ platform can facilitate valuable patient care. We’re proud of our work to help healthcare providers do the right thing for each patient.”
KAID Health has realized its success by supporting the entire provider enterprise. Unique to its Whole Chart Analysis platform is the ability to integrate with highly sophisticated groups as well as those just starting their digital health journey. The platform makes few assumptions about the quality or the format of the provider’s data, or the existing infrastructure to engage clinicians. This allows KAID Health to serve fee-for-service providers and capitated ones alike across a variety of workflows. This includes coding and documentation, chart review, care management, and in clinic workflow.
To support the company’s continued growth, KAID Health plans to significantly expand headcount in the next year.
About KAID Health
KAID Health is a healthcare analytics and provider engagement technology company. KAID summarizes the totality of the patient’s health with our Whole Chart Analysis™, making it easy to identify and prioritize the revenue capture, care quality, and cost-efficiency opportunities for each patient. Our NLITE™ technology (Natural Language Insight & Term Extraction) aggregates the structured claims and EMR information along with the insights buried in medical notes. Making this information actionable, with care team incentives, improves the profitability of providers under all reimbursement mechanisms. The platform has a proven ability to improve HCC coding, quality reporting, care standardization, prior authorization, visit preparation/general chart review, and care management. Developed in partnership with leading provider organizations, KAID Health brings decades of healthcare IT and clinical analytics experiences to healthcare institutions to improve care delivery and business profitability. KAID Health is based in Boston, MA. To learn more, visit www.kaidhealth.com.