The Deal Is Disclosed
It reported that Talix is now owned by Edifecs a Wash base software company related to the Health industry. This company is known for its services that are providing language mining of health data in order to optimize the billing system along with managing and analyzing patient’s data. A startup company that is San-Francisco based. The official of Edifecs announced the deal that took place without sharing the details of the deal.
Health Care Solution By Edifecs
A very high in-demand health care model that is getting more popular, It aims to provide value-based care data. It also emphasizes the fee for service payments. This area is a very growing interest of Edifecs. Selling its solution to more than 360 health care companies, organizations, and institutions. This includes some of the big-name that are Blue Cross BlueShield, Cigna, Humana, Group health, and many other companies.
Now discussing the Talix mechanism, This platform uses patient’s risk data in several conditions so this is known as risk adjustment that helps in billing for systems that are value-based.
Once again describing its working in-depth Talix uses the technique of natural language processing also known as NLP in computer sciences. It is one of the best computational approaches to examine and analyze language data. That is further used for health care data mining. This company provides a solution of health plans along with the platform to assist the uniqueness and identification of Codes of medical billing, data analysis, and patient care management.
Statement By The Founder and Chairman Of Edifecs
The merger that happened between Talix and Edifecs will help Edifecs in selling more authentic risk adjustment to intervention and then submission. As stated by sunny Singh who is the chairman and founder of Edifecs. This will be very beneficial for advancing the industry in critical-based care by supporting all the providers along with their increase in acceptance of financial risk.