Healthline spin off to tackle analytics, risk adjustment
Healthline Networks announced on Monday that it has formed a new company called Talix.
The spin-off will offer data analytics applications to help providers, payers and accountable care organizations gain patient insights, improve risk management, achieve better outcomes and reduce costs by analyzing both structured and unstructured data often buried in electronic medical records, Healthline officials said in a news release.
Healthline is transferring to Talix its proprietary technologies, including its health graph a semantic taxonomy, clinical natural language processing tools, search capabilities and a configurable clinical rules database to Talix. Together, these technologies make up the Talix HealthData Engine.
The first product Talix will deliver is Coding InSight, a cloud based application that enables customers to improve coding efficiency, optimize risk scoring, and more accurately realize reimbursements, according to the company.
"The mounting realization that we must differentiate Healthline's two businesses as each continue to expand, combined with the growing market need for more solutions in the healthcare risk adjustment space, led us to found and launch Talix," Talix General Manager Derek Gordon said in a statement.
Talix will become a wholly owned subsidiary of Healthline Networks, Inc.