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Prealize Health Acquires Centraforce Health's Social Determinants Of Health (Sdoh) IP
Prealize Health now has the industry's most comprehensive library of data and insights into individual patients' and health plan members' social and medical risk profiles due to this purchase.
Fremont, CA: Artificial intelligence (AI) is progressing at an alarming rate. At the moment, new technical applications and systems are being employed to imitate, extend, and expand human intellect. Furthermore, with the ongoing advancement of AI science and the advancement of simulation of human consciousness and mental information processes, AI has garnered increasing attention in a variety of disciplines. Because AI has become so alluring and revolutionary, it is now a top trend in almost every industry, not just multinational technology businesses. Additionally, as science and technology develop, applications of AI will spread throughout many spheres of daily life.
Prealize Health, a predictive analytics firm powered by artificial intelligence (AI), has acquired CentraForce Health's intellectual property. The acquisition got finalized on August 2, 2022.
Previously, the two organizations collaborated as strategic partners, seeing the need to construct more comprehensive profiles of their clients' members, patients, and workers.
Prealize offers powerful machine learning insights at the individual level, informing on population risk and cost trends. Prealize clients can activate the correct treatments at the right time thanks to specific insights regarding the clinical and utilization drivers of that risk, the possibility of improving outcomes through clinical interventions, and the likelihood to participate.
Prealize now possesses the industry's greatest robust library of insights and data at the individual level and can offer a holistic view of an individual's medical, ethnographic, socioeconomic, social determinant, behavioral and attitudinal risks, as well as their engagement profile, as a result of this SDoH IP acquisition. These Comprehensive Determinants of HealthTM directly influence access, health consumption, and overall cost of treatment.
To combine data solutions for healthcare payers and providers, Prealize presently collaborates with numerous significant clients, including Nuna, a healthcare technology business, and Optima Health (Sentara Health Plans), which has over 950,000 members.
"At Prealize, we help payers and providers understand the future and ultimately change the health trajectories of individual members and patients by accurately predicting their future health events, as well as their receptiveness to earlier care," said Linda Hand, CEO of Prealize Health. "Our acquisition of this intellectual property from CentraForce Health, their revolutionary data analytics engine and their proprietary technology further positions us as the industry leader in predictive analytics."