Global healthcare tech company IKS Health, which has offices in Coppell, Los Angeles, and India, has acquired AQuity Solutions, an industry leader in tech-enabled clinical documentation, medical coding, and revenue integration solutions for healthcare, as a wholly owned subsidiary in a deal valued at $200 million.
IKS is a global solution that it said revitalizes the clinician-patient relationship while empowering healthcare organizations to thrive.
“Healthcare is in crisis, one that is deepening from all sides. Financial instability, large-scale staffing challenges, and the precarious health status of so many Americans all call for deeper, more comprehensive solutions that address these root issues,” IKS founder and CEO Sachin K. Gupta said in a statement. “Delivering better, safer care is everyone’s top priority—but too often, the ‘chores’ of healthcare get in the way of that core purpose. To help turn the tide amidst this state of crisis, we firmly believe that revitalizing the clinician-patient relationship and helping our partners thrive financially are both fundamental.”
North Carolina-based AQuity Solutions delivers excellent clinical and financial results to healthcare provider clients via outsourced services, IKS said.
With more than 40 years of experience, the company is recognized by KLAS Research and Black Book as a leading vendor in multiple disciplines, IKS said.
Combining tech to improve the continuum of care
IKS said its market leadership in the ambulatory market will be coupled with AQuity’s leadership in the acute care market to create an entity that enables clinicians and their enterprises to deliver better, safer, more efficient care across the continuum of care delivery.
The combined company, which will operate as IKS Health, will have annual revenues topping $330 million, as well as a global workforce of more than 14,000 employees serving over 150,000 clinicians in many of the largest hospitals, health systems, and specialty groups in the United States.
IKS Health said the acquisition advances its Care Enablement Platform, consisting of technology and service offerings that span revenue optimization, clinical support, value-based care, and digital health solutions.
AQuity’s extensive datasets will allow IKS to mature quickly and scale its proprietary AI solutions with vital expertise and guidance from Reinforced Learning Through Human Feedback (RLHF).
IKS said the acquisition follows its recent strategic technology investments in Abridge, a generative AI platform to reduce administrative burden, and Sift Healthcare, a predictive analytics solution for revenue cycle management.
IKS said its cloud-based, HIPAA-compliant platform integrates with all EHR and Enterprise Practice Management systems.
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