Arcadia focuses on improving healthcare outcomes through data-driven solutions in the healthcare sector, particularly in population health management. The company analyzes and manages the health outcomes of groups of people, serving clients such as healthcare providers, insurance companies, and government agencies. Its main product is a data platform that uses big data technology to process and store large volumes of healthcare data, allowing organizations to access and analyze this information effectively. This leads to better decision-making and enhanced patient care. Unlike many competitors, Arcadia offers a comprehensive suite of tools and consulting services to help clients optimize their use of the platform, particularly in areas like STARS HEDIS and risk adjustment accuracy. The company's goal is to improve efficiency and reduce disparities in healthcare, ultimately achieving better health outcomes for populations.

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Arcadia

Diego Espada, VP of Delivery, BairesDevLarge language models (LLMs) use AI to reply to questions in a conversational manner. Our friend ChatGPT is an LLM. It can reply to an uncapped range of queries because it taps into one billion or more parameters of data. Small language models (SLMs) are their pocket-sized cousins. An SLM specializes in tasks associated with smaller, more focused datasets. For instance, a hospital could leverage an SLM to enhance clinical documentation. How? By training the SLM on the patient’s historical and family data and inputting the patient’s vitals that day, the program would generate a clear summary for the doctor before stepping into the room

Small Language Models Vs. Large Language Models: Which Is Better For Healthcare?

What You Should Know:– Arcadia has acquired CareJourney®, a leading provider of clinically relevant healthcare data and AI-powered insights.– The deal strengthens Arcadia’s position as a trusted partner for leading healthcare brands like Southwestern Health Resources, Tandigm, Castell, Rush Health, and Beth Israel Lahey Health.– With the acquisition, Arcadia’s customer portfolio grows to nearly 200, encompassing providers, payers, government agencies, and life science companies.Unveiling a Treasure Trove of Healthcare DataThe combined entity offers a powerful two-pronged approach:Unparalleled Data Depth: Arcadia’s next-generation data platform and advanced analytics will now be enriched with CareJourney’s extensive cost, quality, and benchmark data. This vast dataset, derived from Medicare, Medicaid, Medicare Advantage, and Commercial claims, covers over 300 million beneficiaries and 2 million providers nationwide. This empowers healthcare organizations to make data-driven decisions on critical issues like navigating alternative payment models, expanding into new markets, and developing successful partnerships.Arcadia’s next-generation data platform and advanced analytics will now be enriched with CareJourney’s extensive cost, quality, and benchmark data. This vast dataset, derived from Medicare, Medicaid, Medicare Advantage, and Commercial claims, covers over 300 million beneficiaries and 2 million providers nationwide. This empowers healthcare organizations to make data-driven decisions on critical issues like navigating alternative payment models, expanding into new markets, and developing successful partnerships. Actionable Insights for Measurable Results: Arcadia’s fast, scalable, and interoperable platform provides the operational tools needed to translate insights into action

Arcadia Acquires Carejourney To Enable High-Performing Networks

What You Should Know:– A new study by Arcadia, a healthcare data platform, reveals a paradox within the industry: while 80% of healthcare leaders believe most of their data is accurate, a staggering 47% remains underutilized for critical clinical and business decisions.– The report findings uncover a significant challenge – the immense potential of healthcare data remains largely untapped despite the rise of artificial intelligence (AI).Healthcare Data: A Treasure Trove of Untapped PotentialThe study, conducted in partnership with the Healthcare Information and Management Systems Society (HIMSS), surveyed healthcare leaders across various institutions. Here are some of the key takeaways:Vast Underutilization of Data: While 80% of healthcare leaders believe most of their data is accurate, a staggering 47% remains underutilized for clinical and business decision-making.While 80% of healthcare leaders believe most of their data is accurate, a staggering 47% remains underutilized for clinical and business decision-making. Data’s Potential for Improved Care: More than half of healthcare leaders acknowledge the power of data in enhancing care quality. Nearly a quarter view data as essential for patient engagement and care management strategies. Additionally, 28% recognize the role of data platforms in improving health outcomes and patient satisfaction. These findings underscore the critical role of data analytics in the transition towards value-based care models.More than half of healthcare leaders acknowledge the power of data in enhancing care quality

47% Of Data Is Underutilized In Healthcare Decision-Making, Arcadia Study Reveals

What You Should Know:– Arcadia, a healthcare data platform, announced a new AI-driven precision medicine solution designed to identify patients with undiagnosed or misdiagnosed conditions who are at risk of poor health outcomes.– The new AI-enabled solution empowers healthcare providers to connect these patients with appropriate treatments, ultimately improving their health and reducing the total cost of care.AI-Driven Insights for Precision MedicineArcadia launched its precision medicine offering with an initial model developed by Atropos Health, with plans to add more models throughout 2025. This collaboration builds on an existing partnership between the two companies, further integrating Atropos Health’s real-world evidence-generation capabilities into Arcadia’s data platform.Built on Arcadia’s Foundry development platform, the solution allows healthcare providers to:Identify at-risk patients: Leverage AI models to identify patients based on risk factors, demographics, and clinical data.Leverage AI models to identify patients based on risk factors, demographics, and clinical data. Notify care teams: Alert primary care physicians, specialists, and care managers about patients requiring intervention.Alert primary care physicians, specialists, and care managers about patients requiring intervention. Deliver actionable analytics: Integrate insights into existing workflows, such as EHR systems, through SMART-on-FHIR applications.Integrate insights into existing workflows, such as EHR systems, through SMART-on-FHIR applications. Track program effectiveness: Gain insights into the number of patients identified and outcomes achieved through subsequent testing and diagnosis.Strengthened LeadershipArcadia has also bolstered its board of directors with the addition of two experienced healthcare executives:Dr. Scott Ransom: A physician executive with over 30 years of experience in healthcare transformation.A physician executive with over 30 years of experience in healthcare transformation

Arcadia Launches Ai-Powered Precision Medicine Solution

What You Should Know:– Arcadia® (arcadia.io), a leading data platform for healthcare, today announced the launch of two new solutions—Enhanced Benchmarks and Arcadia Vista Push—designed to help healthcare organizations improve value-based care performance and deliver actionable insights at scale. – The company also detailed a product roadmap that sets the pace for innovation in healthcare analytics. These announcements set a vision for how Arcadia will bring solutions to market that are integrated with CareJourney, the company it acquired in June 2024.Arcadia: Transforming Healthcare with Data-Driven SolutionsArcadia empowers payers and providers to harness the full potential of their data, driving transformation in healthcare. Through an interoperable data platform, Arcadia uses advanced analytics to shape strategies, inform decisions, and facilitate actions that improve patient outcomes, operational efficiencies, and financial performance. Trusted by leading healthcare institutions such as Southwestern Health Resources, Tandigm, Castell, Rush Health, and Beth Israel Lahey Health, Arcadia is at the forefront of healthcare innovation.Newly Launched SolutionsArcadia has introduced several cutting-edge solutions to support healthcare organizations in improving their performance:– Enhanced Benchmarks: This solution helps organizations analyze market-based cost, utilization, risk, and quality benchmarks alongside their own performance, uncovering opportunities for improvement. By integrating CareJourney’s market intelligence—comprising 100% of Medicare fee-for-service claims and Medicare Advantage encounters—with Arcadia’s de-identified benchmarks, it provides fresh, transparent insights at the provider, practice, facility, and network level. – Arcadia Vista Push: An analytics activation layer that simplifies the delivery of custom insights to providers at scale via email. This solution automates enterprise-wide performance reporting, driving awareness and engagement with performance improvement strategies

Arcadia: Transforming Healthcare With Data-Driven Solutions

Arcadia recently raised $125 million in funding and launched a generative AI assistant for healthcare.

AI value-based care platform buys division of data analytics company Arcadia

Nick Stepro, Chief Product and Technology Officer, ArcadiaIn healthcare, where the stakes are incredibly high, the speed at which we can share, process, and act on data significantly influences patient outcomes and brings success in value-based care arrangements. A recent survey found that only 47% of organizations are using data aged less than 24 hours for working care gaps, and just 39% of organizations use similarly recent data for patient stratification and building cohorts. Stale data can mean inadequate care and missed opportunities to manage medications or chronic conditions. It also means higher operating costs, as support staff use inaccurate chase lists for patient engagement and routine preventative care like vaccines and screenings. Patient outcomes, operational efficiency, and financial health are all functions of data velocity. Data isn’t a byproduct of operations—it’s a critical asset that can make the difference between scraping by and stellar performance. Below, I’ll discuss why data velocity should be top of mind for every healthcare organization, and how you can tailor the flow of data to meet your needs.How high-speed data powers high-impact healthcareClinical performance

Data Velocity In Healthcare: Why Speed Matters

DUBLIN, Nov. 13, 2023 /PRNewswire/ -- The "Getting Real with Healthcare Data: RWD/RWE Enabling New Models of Research and Care Delivery" report has been added to ResearchAndMarkets.com's offering.The report provides valuable insights into the current and future state of the RWD/RWE market. As healthcare enterprises continue to seek out new sources of data to inform decision-making, RWE is likely to play an increasingly vital role in improving patient outcomes and reducing healthcare costs.These trends are leading to a rapidly growing market, which this report forecasts will experience an average 14.6% CAGR through 2030, roughly tripling today's addressable market from $4.6B to $13.6B USD. This forecast anticipates demand will continue to increase as the success of numerous modernization priorities rests upon the insights contained within these data, including value-based care, clinical decision support, personalized medicine, population health management, post-market outcomes, supplemental new drug applications, and public health research, to name a few.The research is relevant to any healthcare stakeholder looking to leverage real-world data for evidence-based decision making. Providers and payers will appreciate the comprehensive overview of market solutions and vendor types, with the follow-on Buyers' Guide providing more specific recommendations.Technology vendors and investors will find valuable the detailed discussion of which trends are impacting buyer behavior and the Buyers' Guide Preview introducing how solutions will be evaluated in the next phase of this research. Finally, life sciences companies will benefit from the in-depth examinations of what's changing as new solutions come to market, and which partners are best aligned for their needs in trial recruitment or regulatory filing.The mass digitization of healthcare records over the past decade has led to an explosion of new, highly-valued clinical data assets

World Healthcare Data Research Report 2023: Market To Triple By 2030 - New Entrants And Incumbents Are Leveraging Rwd/Rwe To Generate Valuable Insights

Healthcare's leading data enablement platform provider completes its executive leadership team with the addition of a new CTO, CFO/COO, and Chief Commercial OfficerJACKSONVILLE, Fla., July 10, 2024 /PRNewswire/ -- Clearsense ®, a cloud-based data enablement platform company, today announced three key leadership appointments that will drive further innovation and market expansion. The strategic hires come just months after Clearsense named Jason Z. Rose as its new CEO.The trio of new senior executive leaders include:Jonathan Cook , Chief Technology Officer (CTO): An accomplished industry veteran, Cook joins Clearsense after previously serving as CTO at Arcadia.io for over 7 years, helping to grow the company into a KLAS-acknowledged top-tier population health vendor. Before Arcadia.io, Cook was deputy chief information officer for the National Committee of Quality Assurance (NCQA), where he worked with the top 300+ health plans in the US and designed systems for HHS/CMS, including bringing the ACA into the cloud prior to FedRamp as a standard. Most recently, he worked as a consultant with private entity firms and Enlace Health, where he helped rebuild their product, analytics, and engineering teams.An accomplished industry veteran, Cook joins Clearsense after previously serving as CTO at Arcadia.io for over 7 years, helping to grow the company into a KLAS-acknowledged top-tier population health vendor. Before Arcadia.io, Cook was deputy chief information officer for the National Committee of Quality Assurance (NCQA), where he worked with the top 300+ health plans in the US and designed systems for HHS/CMS, including bringing the ACA into the cloud prior to FedRamp as a standard

Clearsense Strengthens Leadership Through Trio Of C-Suite Veteran Hires

Company shares roadmap to accelerate insights and actions derived from data using its platform and AIBOSTON, Sept. 20, 2023 /PRNewswire/ -- Arcadia ( Arcadia.io ), the leading data analytics platform for healthcare, announced the launch of a generative artificial intelligence (AI) assistant that acts as a co-pilot at the point of care to generate insights and actions from data. Large language models (LLMs) powered by OpenAI comb through aggregated, longitudinal patient records curated within Arcadia's data platform to reduce time and effort required to improve risk factor documentation, surface patterns in healthcare utilization, develop care plans, and more.The assistant offers a menu of turnkey use cases that deliver insights within existing care team workflows. Additional benefits include the ability to quickly analyze the combination of thousands of pieces of data to find "needle in the haystack" insights, like an undocumented medical condition."Our data show care managers spend up to nine minutes per patient gathering and interpreting information from dense and complex medical records that can exceed thousands of characters of text," said Kate Behan, MD, FACP, Chief Medical Officer at Arcadia. "By leveraging technology to do the heavy lifting, we believe we can save care managers as much as five minutes of work per patient. That equates to a productivity boost of roughly 50%, meaning care managers gain more time to focus on higher-value work while alleviating burnout."The AI assistant plugs in to Arcadia's data platform to generate and provide patient summaries to members of the care team, such as a nurse, to improve care coordination

Arcadia Launches Point Of Care Generative Ai Assistant To Improve Care Team Efficiency

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Data-driven healthcare solutions and analytics

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Data-driven healthcare solutions and analytics

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