DENVER, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Empiric Health, a spinoff of Intermountain Healthcare, announced today that it has entered into a strategic partnership with BurstIQ, a blockchain-based secure Big Data platform.
Empiric Health works with health systems to identify workflow and process optimizations that improve both operational efficiency and clinical outcomes. The company was formed in February of this year to commercialize Intermountain’s ProComp program. ProComp was built by clinicians to help understand how differences in the way surgical procedures are performed – from supply utilization to staffing – impact patient outcomes and overall cost of care. The program created significant operational efficiencies at Intermountain Healthcare, resulting in more than $90M in savings for Intermountain and its patients, including reducing supply costs and length of stay.
The company will use the BurstIQ platform to securely manage clinical and operational data and to perform advanced analytics using the platform’s machine learning capabilities. “The BurstIQ platform enables us to take our analytics capabilities to a deeper level - and to do it at scale,” says Rick Adam, CEO of Empiric Health.
Frank Ricotta, CEO of BurstIQ, sees the partnership as a critical piece of the company’s long-term vision. “Our goal is to help providers, health systems, companies, researchers and consumers get the most out of their data, and our partnership with Empiric Health fits perfectly with this goal. Their methodology has a proven track record of reducing costs and improving clinical outcomes for large health systems.”
The companies have already begun platform integration work; analytics services will be commercially available through Empiric Health starting in late 2017.
About Empiric Health
Empiric Health is a technology-enabled service platform that lowers cost and improves outcomes for health system customers through data-driven physician practice change. Empiric differentiates with a proprietary comparative analytics methodology and proven ability to change physician behavior, so that care providers can understand and optimize for high value, episodic care. For more information, visit empirichealth.com.
About BurstIQ
BurstIQ ™ is a leading healthcare blockchain data company. The company offers a HIPAA-compliant OEM B2B platform that seamlessly leverages blockchain technology through machine intelligence to enable healthcare businesses and individuals to access, understand, and control their health data. The BurstIQ OEM B2C Ecosystem allows for new monetization of individual and business data to transact through a network of marketplaces for personalized products and services, value-added B2B services, research opportunities, and peer-to-peer networks. The BurstIQ platform and Ecosystem work together to improve the advanced security of big health data, increase health access and personal empowerment, reduce healthcare costs, and enable new insights and care models. It’s not just your data. It’s your life.
Visit BurstIQ to learn more: www.BurstIQ.com
Media Contacts
Empiric Health Contact:
E: info@empirichealth.com
BurstIQ Contact:
Amber Hartley
Chief Corporate Development Officer
E: amber.hartley@burstiq.com
W: www.burstIQ.com
PR & Media Contact:
Matthew Bird
CEO @1800pr
1-800-PublicRelations
O: 646.248.7676
E: matt.bird@1800pr.com