SAN FRANCISCO, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Trifacta, the global leader in data preparation, today announced that leading healthtech providers are increasingly using its Wrangler products to prepare diverse and complex healthcare data. Companies like SymphonyRM and Kyruus, which are introducing data-based technologies to solve the healthcare industry’s notorious inefficiencies and operating challenges, use Trifacta as a foundational component of their solutions to reduce time spent on data preparation by up to 90 percent.
The healthcare industry is ripe for disruption, with legacy systems and outdated technology bringing inefficiencies at every turn. As a result, emerging healthcare innovators have proved appealing to venture capitalists, who are investing record sums in the healthtech industry. The $15 billion in venture capital funding raised by healthtech companies in the first six months of 2018 was more than the same period of any other year in the past decade, according to Pitchbook (as reported by Forbes).
Data is a driving force behind healthtech innovation, and the decision for these companies to partner with a solution like Trifacta allows them to drive change even faster. Among the list of healthtech companies leveraging Trifacta is SymphonyRM, which is transforming the relationships between health systems and its consumers. Identifying and orchestrating engagement opportunities with its customer relationship management (CRM) platform HealthOS requires significant data amalgamation efforts across clinical, payer, and consumer data sets; Trifacta is allowing them to prepare and garner insight from this data at a much faster rate. Meanwhile, Kyruus also leverages Trifacta to prepare an array of data—from demographics to provider expertise to scheduling logistics—in order to help health systems more accurately match patients with providers.
“As the healthcare industry shifts towards value-based care, while also serving the traditional fee-for-service market, health systems are having to transform their consumer engagement strategies,” said Joe Schmid, CTO, SymphonyRM. “SymphonyRM's Health CRM platform enables health systems to inject value-prioritized Next Best Actions (NBAs), personalized to each and every consumer, across all channels. Our algorithms are fueled by a changing spectrum of diverse data sets. With Trifacta, we've been able to dramatically accelerate crucial data wrangling processes, and in turn, ensure SymphonyRM's Clients have the best-in-class NBAs to achieve their growth, value, and quality goals.”
The surge of disparate data that powers both providers’ solutions is complex and diverse. Historically, the process of preparing this data was frequently done manually or with code-based approaches like extract, transform and load (ETL), but SymphonyRM, Kyruus and more have found that replacing this process with a modern automation platform like Trifacta allows them to reduce inefficiencies and accelerate their time to insights.
“Healthtech companies are changing the face of the healthcare industry, and data is what’s truly driving this market,” said Adam Wilson, CEO of Trifacta. “We’re happy to help companies like SymphonyRM and Kyruus streamline the cumbersome data preparation process, giving them more time to focus on the work that matters: creating solutions that improve patient care.”
We’re attending the Strata Data Conference in New York. Join us for a presentation on September 13 from Trifacta cofounder and chief experience officer Jeffrey Heer: “The Vega project: Building an ecosystem of tools for interactive visualization.”
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About Trifacta
Trifacta is the global leader in data preparation. Trifacta leverages decades of innovative research in human-computer interaction, scalable data management and machine learning to make the process of preparing data faster and more intuitive. Around the globe, tens of thousands of users at more than 8,000 companies, including leading brands like Deutsche Boerse, Google, Kaiser Permanente, New York Life and PepsiCo, are unlocking the potential of their data with Trifacta’s market-leading data preparation solutions. Learn more at trifacta.com.
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