PLEASANTON, Calif., November 23, 2021 (GLOBE NEWSWIRE) – Healthcare Triangle Inc., (Nasdaq: HCTI) (“HCTI” or the “Company”) a leading provider of cloud and data transformation platform and solutions for Healthcare and Life Sciences, is pleased to announce that Monument Health is engaging Healthcare Triangle to automate the processing of its documents through readable.AI.
Healthcare Triangle’s deep expertise in artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) has helped Monument Health turn its clinical data from disparate sources into actionable insights.
At Monument Health, the ability to fill gaps in care depends on the availability of data at the point of care. As a result, this Rapid City, SD-headquartered community health system ingests thousands of pages of data daily, which have been manually identified, categorized, and uploaded by staff to their electronic health record (EHR) in order to that data can be delivered to providers at the point of care. With more than 5,000 physicians and caregivers in 5 hospitals and 38 medical clinics serving 12 communities, the paper-intensive nature of Monument Health and its need for efficient information management while ensuring data security required an advanced automation solution to image recognition and document analysis.
Monument Health leveraged Healthcare Triangle’s readabl.ai artificial intelligence and machine learning solution to automate the process of categorizing data from unstructured reports and matching the right information to the right patients. readabl.ai uses state-of-the-art public cloud artificial intelligence and machine learning to recognize and extract information from documents, faxes, and narrative reports, which adds value as more documents are produced. treated.
“As a record track follows patients through their healthcare journey, Healthcare Triangle’s readabl.ai solution unlocks key data while reducing the burden of manual data entry,” Suresh Venkatachari, CEO by Healthcare Triangle.
HCTI’s AI-based document processing solution allows the integrated healthcare system to focus on higher value patient care activities rather than document processing. It is an approach that positions Monument Health to more effectively meet the complex health needs of its population.
Thanks to HCTI’s strong partnership and expertise in AI and machine learning, Monument Health has achieved:
- Streamlined patient care through faster processing
- Cost reduction through labor savings
- Integration with DSE and other key applications using FHIR APIs
- Precision thanks to the latest ML models of AI and language processing
- Scalability through the public cloud
“The HCTI team and solution adapted to our needs from the start. From full assessment to design and execution, HCTI validates daily that their partnership is the key element of their solution. The readable.ai project has had a tremendous impact on the accuracy and productivity of our healthcare system at a time when recruitment and manpower challenges are putting the industry at risk. Having a partner who lives on service excellence makes all the difference; Thanks to the HCTI team! – Ted Syverson, Vice President of Revenue Cycle at Monument Health.
About Healthcare Triangle, Inc. (HCTI)
Healthcare Triangle, Inc., based in Pleasanton, Calif., Powers advancements in healthcare through cutting-edge technology and deep industry knowledge and expertise. We support healthcare organizations, including hospitals, healthcare systems and health plans, as well as pharmaceutical and life science organizations, in their efforts to improve health outcomes. Healthcare Triangle enables rapid adoption of new technologies, data illumination, business agility, and response to immediate business needs and competitive threats. Highly regulated healthcare and life sciences industries rely on Healthcare Triangle for its expertise in digital transformation spanning cloud, security and compliance, data lifecycle management, healthcare interoperability. health and the optimization of clinical and commercial performance. For more information, visit HealthcareTriangle.com.
About Monument Health
Based in Rapid City, SD, Monument Health is a community health system whose mission is to make a difference, every day. The system provides care in 31 medical specialties and serves 12 communities in western South Dakota. With more than 5,000 doctors and caregivers, Monument Health is made up of 5 hospitals and 38 medical clinics and specialist centers. Monument Health is a member of the Mayo Clinic Care Network.
This press release contains statements that constitute “forward-looking statements”, particularly with respect to the Company’s initial public offering. No guarantee can be given that the offer will be made under the conditions described, or not at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. Although the Company believes that these forward-looking statements are reasonable, one should not place undue reliance on these forward-looking statements, which are based on information available to the Company as of the date of this press release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Risk Factors section of the company registration statement and prospectus. preliminary offer filed with the SEC. Thus, the actual results could be materially different. The Company assumes no obligation to update these statements, whether as a result of new information, future events or otherwise, after the date of this publication, except as required by law.
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