Healthcare technology company, Availity, has agreed to acquire the utilization management solution and business unit of Olive AI. The financial details of the deal have not been disclosed. Availity hopes to benefit from Olive AI’s utilization management solution to reduce costs, improve patient access and experience, and provide clinical data for strategic decisions.
What You Should Know:
– Availity today announced a definitive agreement to acquire the utilization management solution and business unit from healthcare automation company Olive AI, Inc. Financial details of the acquisition were not disclosed.
– The acquisition of Olive AI’s utilization management solution offers numerous benefits for Availity’s national network of payers and providers. These include lower administrative and medical costs, improved patient access and experience, clinical data for making enhanced strategic decisions, as well as an automated authorizations process between health plans and providers.
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Source: HitConsultant