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Edifecs Announces Acquisition of Talix | Company

BELLEVUE, Clean.–(Small business WIRE)–Sep 13, 2021–

Edifecs, Inc., a wellness information engineering answers organization, declared nowadays that it has acquired Talix, an info engineering firm that supplies chance and excellent solutions to healthcare payers and providers.

The integration of Edifecs’ and Talix’s systems will build an expanded risk adjustment alternative with vital workflows and insights that enhance efficiencies and immediately help payer and service provider collaboration.

“The much more we acquired about Talix, the a lot more impressed we have been with the company, their management staff, and their patent-awarded know-how,” said Venkat Kavarthapu, CEO of Edifecs. “Talix has deep NLP abilities in the market with a tailor made-constructed taxonomy of around a million overall health ideas. Our clients will be able to implement Talix’s deep semantic being familiar with of health concepts into their workflows to enable more quickly and additional accurate documentation, in the long run elevating high quality and reducing prices additional.”

Talix provides wellness ideas with a organic language processing (NLP)-enabled hazard adjustment coding, retrieval, and analytics platform to make improvements to coding accuracy, effectiveness, and general earnings integrity of their packages. Talix also aids providers detect, doc, and code danger-altered disorders properly at the Point-of-Treatment (POC), foremost to prospective hole closure, improved reimbursement precision, and much better treatment management.

“The merger of these businesses allows Edifecs to provide a a lot more full risk adjustment answer from insight, to intervention, to submission,” reported Sunny Singh, Edifecs founder and Chairman of the Board. “This, in turn, will progress industry-critical value-based treatment initiatives by instantly supporting suppliers with their amplified acceptance of economic possibility.”

By integrating Talix’s engineering with Edifecs’ signature Come across Management solution, Edifecs will deliver the option for customers to run possibility adjustment processes more successfully for Medicare Advantage, Managed Medicaid, and Reasonably priced Treatment Act (ACA) goods. Shoppers will now have obtain to up-to-date assert and member info by using Quick Healthcare Interoperability Resources (FHIR) software programming interfaces (APIs), very scalable workflows, and mass steps that reduce the operational workers required to control exceptions.

“We’re very psyched about signing up for forces with Edifecs. Our put together abilities will present a far more impressive and total resolution for wellness strategies and vendors to minimize guide, labor-intensive chart retrieval by way of an highly developed, EHR-integrated coding system,” said Dean Stephens, CEO of Talix. “We can offer new responses to prospective and retrospective troubles by way of obvious insight acquired earlier in procedures, top to quicker gap closure, far better profits integrity, predictability, and in the end greater ROI for our consumers.”

About Edifecs

Edifecs is a premier technology firm in the US Healthcare marketplace with answers focused on interoperability, workflows, benefit-primarily based treatment payments, and analytics. With progressive technology and alternatives, Edifecs helps its clients by optimizing the safe trade and processing of administrative and clinical knowledge, minimizing the cost of meeting many restrictions, and automating workflows included in numerous core procedures within the healthcare ecosystem. Edifecs is a frontrunner in bringing new technology for B2B data exchange in healthcare streamlining business enterprise processes from “card to care,” and cutting down the industry load linked with facts provisioning at the points of enrollment, care, payment, and reporting. With the arrival of FHIR and new regulatory guidance from HHS, Edifecs has emerged as a chief in easing the hard work associated with achieving compliance with new federal policies and in producing the healthcare customer the principal stakeholder. The business is headquartered in Bellevue, Washington, with supplemental places of work in Atlanta, Georgia, and Mohali, India, an engineering center in Moldova, and has additional than 750 staff globally. For much more details about Edifecs, please pay a visit to www.edifecs.com.

About Talix

Talix will help healthcare payers and vendors do well in worth-centered treatment with Risk Adjustment workflow and analytics remedies that deliver a improved understanding of the correct hazard acuity of their patients to make certain that these chance-modified situations are precisely detected, documented, and captured. Talix provides a comprehensive, AI-powered SaaS system to make the transformation to value-centered reimbursement a lot more seamless and successful. Applying a combination of Talix’s detailed Taxonomy, state-of-the-artwork NLP, and a extremely configurable Medical Regulations Engine, Talix enables payers and vendors to unlock insights from their structured and unstructured affected person data for better visibility and predictability of Chance Adjustment operations, revenue, and overall performance. Talix’s award-profitable, patented NLP and device learning (ML) methods to electrical power workflow purposes, creating processing affected individual data far more exact and productive. For a lot more data or to agenda a demo, be sure to take a look at www.talix.com or e-mail [email protected]

Watch supply variation on businesswire.com:https://www.businesswire.com/news/property/20210913005222/en/

Get hold of: Janet Hohmann

415-240-6904

[email protected]

Key word: WASHINGTON UNITED STATES NORTH The usa

Business Key word: Program World-wide-web MANAGED Care Common Wellbeing Health and fitness Facts Administration Technologies Cell/Wi-fi

Supply: Edifecs, Inc.

Copyright Business enterprise Wire 2021.

PUB: 09/13/2021 08:00 AM/DISC: 09/13/2021 08:06 AM

http://www.businesswire.com/news/house/20210913005222/en

Copyright Business enterprise Wire 2021.