Xsolis is a Nashville-based company that uses AI silicon to help hospitals and insurance companies communicate with each other. They are also developing the technology to assist patients with health records and billing. This article will tell you more about the company, how they use AI to help the industry, and how they are investing in the technology.
AI in healthcare operations
Artificial Intelligence (AI) is increasingly being applied to medical procedures and diagnostic tests, as well as patient interaction. These applications improve the odds that treatments will succeed and reduce the likelihood of errors. In addition, they help to support clinical staff in their work. Despite the great promise, there are also significant concerns.
AI applications in healthcare are a relatively new phenomenon. The most visible manifestation is the proliferation of electronic medical records, but these are only a small part of the applications available.
In additon to generating significant administrative and financial benefits, AI tools can help to streamline and simplify administration. For example, specialized algorithms eliminate human error and delays, ensuring accuracy and improving clinical efficiency.
As AI develops, it faces a number of challenges. Data bias and equity issues have been a major concern. Nevertheless, many enterprises list AI as a top spending priority.
AI in communication with hospitals and insurance companies
XSOLIS is a provider of artificial intelligence (AI) software solutions, with a pronounced emphasis on the patient experience. The company offers a cloud-based platform that extracts data from hospital EMRs, and a slew of consulting services to help healthcare providers Hibooz improve their financial and operational performance.
Amongother products, XSOLIS supplies a real-time, analytics-driven, predictive model for analyzing patient data. This system helps providers make informed decisions, and improves communication with payers. In addition, the company offers a suite of tools to support hospital revenue cycle management.
Other offerings from the company include a clinical documentation improvement solution, and a suite of productivity solutions. These solutions are designed to help physicians and nurses work more efficiently and effectively. They also offer advanced computer-assisted coding, care measures abstraction, and reporting options.
Investment from Brighton Park Capital
XSOLIS is an enterprise healthtech solutions provider that uses artificial intelligence (AI) to address challenges faced by health systems. It has raised $75 million in minority growth funding from Brighton Park Capital. The investment allows the firm to expand its customer reach and to deliver new data-driven solutions to the market.
Founded in 2013, XSOLIS is built on a best-in-class utilization management platform that leverages proprietary machine learning to analyze patient and provider data and prioritize patient care. This suite of data-driven solutions provides health systems with tools to streamline utilization management processes.
XSOLIS is headquartered in Nashville, Tennessee. Its management team includes Jamie McLaughlin, the company’s Chief Financial Officer. Prior to joining fashionnowdays XSOLIS, Jamie was the Chief Financial Officer at Kyruus in Boston.
CEO
Xsolis has been making a name for itself in the data mining, big data and machine learning space for over a decade. As the name suggests it’s not all about the big bad wolf, it’s a jack of all trades and master of all trades type of company. While the competition is stiff, it’s got a few tricks up its sleeve. It’s not often you find a unicorn with a mojo. Some of its clients include Facebook, Google, IBM, and Microsoft among others. A lot of this clout comes from the sheer size of its employee count. In addition to its illustrious CEO, Xsolis is home to some of the most talented engineers in the business.
