Bon Secours Mercy Health in Cincinnati Made a strategic investment At a medical analysis company Zhuoli HealthThe amount was not disclosed.
The goal of the health system is to accelerate the development of the Trilliant predictive analytics platform, while obtaining data on national and local healthcare trends, said Chief Analytics Officer Deepesh Chandra. Bon Secours Mercy Health, In an email.
The latest investment in the health system is part of its broader foray into the field of medical analysis. The provider is also one of the founding members of the provider-led data company Truveta. Recently raised $95 million.
Chandra said: “We are committed to using data to improve our ability to improve the health and well-being of communities, especially those who are poor, dying and underserved.”
As part of Trilliant’s investment, Chandra will join the company’s board of directors as an observer.
Trilliant Health’s platform uses and integrates first-party and third-party data to provide users with a comprehensive view of market dynamics at the national and regional levels, in a statement by Hal Andrews, President and CEO of Brentwood, Tennessee Express. e-mail.
“Healthcare services are a kind of’negative sum game’, and healthcare providers are facing tremendous pressure to increase market share and generate returns on investment capital,” he said.
The company’s platform uses advanced analytics and machine learning to provide market insights into past and current demand and supply. He added that this enables suppliers to predict future market dynamics and implement evidence-based growth strategies.
The company was founded in 2017 and has raised approximately US$20 million so far.
The healthcare analytics market is large and is expected to grow rapidly. The market value is expected to reach US$80.2 billion by 2026, which is higher than the US$11.5 billion in 2018. According to a recent report.
But Trilliant Health faces some large players in the market, including McKinsey, Bain, Sg2 and advisory committees.
In the face of fierce competition, Trilliant is able to “apply its unique domain expertise in healthcare delivery, consumer behavior, and advanced analytics and machine learning to develop evidence-based strategies for healthcare providers,” Andrews said.
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