What You Should Know:
– Olive AI, the company delivering innovation to healthcare through artificial intelligence (AI), today announced the acquisition of Empiric Health, an AI-powered clinical analytics company that focuses on identifying unwarranted clinical variation, improving patient outcomes and increasing the affordability of surgery.
– Empiric’s technology was initially developed at Intermountain Healthcare. In 2017, Intermountain Ventures spun out the Empiric technology and founded the company. Over the next four years, Intermountain Ventures provided ongoing funding and co-development support to enable Empiric to drive meaningful and measurable impact in healthcare.
– Empiric combines powerful evidence-based data and clinician-to-clinician dialogue to produce results. Empiric differentiates with a proprietary comparative analytics methodology, coupled with natural language processing, machine learning and artificial intelligence to identify and reduce clinical variation, so that care providers can understand and optimize for high-value care.
Empiric Health Acquisition Brings Olive New Capabilities for Supply Chain and Clinical Analysis
Empiric Health brings new capabilities for supply chain and clinical analysisThe acquisition of Empiric Health furthers a relationship with Olive initiated in May 2020. Empiric Health’s evidence-based data and relevant procedure comparisons resonate with clinicians. The companies’ combined AI capabilities will further reveal life-changing outcomes that act as a catalyst for reshaping the state of healthcare.
Where Empiric Health fits in is that its AI scans and captures thousands of data points, essentially making Olive smarter by expanding her knowledge base. Combined, both organizations will continue to further Olive’s mission of unleashing a trillion dollars by connecting healthcare.