PurpleLab®, a healthcare analytics company specializing in real-world data, announced it has acquired KAID Health, an AI-powered clinical analytics and care management company. The combination brings together PurpleLab’s large-scale structured claims data with KAID Health’s artificial intelligence and natural language processing technology, creating a more complete view of patient journeys across structured and unstructured data sources.
KAID Health’s Whole Chart Analysis™ platform has a proven ability to extract insights from both structured EMR data and medical notes. By using natural language processing to analyze notes, conditions, medications, and lab results, KAID allows for coding accuracy, quality reporting, and care management.
PurpleLab’s HealthNexus® platform provides real-time analytics across billions of HIPAA-compliant, clinically harmonized data points. The no-code system delivers actionable insights and includes standardized medical terminology and patient concept groups that align with KAID’s coding and care management workflows.
“This acquisition positions PurpleLab to move beyond traditional analytics and become an AI-first healthcare intelligence company,” said Mark Brosso, CEO of PurpleLab. “By combining our data with KAID’s AI, we can unlock insights from the unstructured clinical narrative and deliver measurable value and proven financial impact to our partners and other healthcare organizations.”
Together, the platforms will allow clients to:
- Improve financial performance by identifying and addressing documentation gaps before and post claims submission, while making workflows better for clinicians.
- Accelerate clinical research and drug development through more precise patient cohort identification.
- Strengthen value-based care initiatives with better risk stratification and care gap closure.
- Reduce administrative work by automating coding and chart review.
- Deliver rapid returns on investment, with examples including clients generating millions in additional revenue.
“As our customers and research partners have shown, better data leads to better decisions at the patient, provider, and population level,” said Kevin Agatstein, CEO and founder of KAID Health. “This partnership expands how structured and unstructured data can be applied to care quality, coding, and clinical research.”
The combined offering is now available to payers, accountable care organizations (ACOs), provider groups, and life sciences companies.
Explore AITechPark for the latest advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!