LAKE
MARY, Fla., May 14, 2024
/PRNewswire/ -- TurningPoint Healthcare Solutions, a leader in
comprehensive condition management, announced today the acquisition
of Fairway Health, a pioneering health technology company
specializing in AI-powered tools that streamline complex clinical
workflows. This strategic move will enable TurningPoint to deploy
their industry-leading clinical expertise for greater impact and
transform the healthcare experience for providers navigating
clinical and administrative challenges.
"Together, we will support and empower providers to deliver
safe, affordable, and high-quality care with greater efficiency.
The burdens and friction providers face during the prior
authorization process are many, and we believe that the Fairway
Health acquisitions will define new ways to collaborate with
providers."
Fairway Health uses Large Language Models (LLM's) and Generative
AI to help decipher the complex and often messy trail of healthcare
documentation that follows a patient in their healthcare journey.
Deploying this technology across the suite of specialty conditions
and nearly $4 billion in healthcare
costs TurningPoint manages today will increase speed to care,
improve healthcare outcomes, and significantly reduce the
administrative burdens providers face when caring for patients.
"The Fairway Health acquisition is a significant milestone for
TurningPoint in our commitment to drive innovation and maximize
value across the healthcare continuum," says CEO Eric Pezzi.
"Together, we will support and empower providers to deliver safe,
affordable, and high-quality care with greater efficiency. The
burdens and friction providers face during the prior authorization
process are many, and we believe that the Fairway Health
acquisitions will define new ways to collaborate with
providers."
Fairway Health was founded by Moses
Im (CEO), Grace Wang (CTO),
and Joseph Chen (CPO) and received
backing from Y Combinator, a prestigious startup accelerator whose
alumni companies boast a combined valuation exceeding $600 billion. The founding trio identified a
strategic opportunity to solve complex healthcare challenges with
the introduction of HIPAA-compliant generative AI models.
"TurningPoint believes that there are three core principles we
all need to adopt in this new era of condition management," says
Chief Clinical Officer and past President of the American Academy
of Orthopaedic Surgeons, Dr. David Halsey, "holistic patient
care, provider collaboration, and a willingness to embrace
technology. This exciting news helps us achieve all three and will
create a better experience for patients managing complex
conditions."
The acquisition of Fairway Health is expected to yield immediate
benefits for TurningPoint's health plan clients and provider
partners through a series of AI-enabled workflow efficiencies. Both
organizations are excited to embark on this transformative journey
towards safer, more accessible healthcare of the highest
quality.
About TurningPoint Healthcare Solutions
TurningPoint
provides an innovative suite of specialty condition management
services and technologies that improve the safety, quality, and
affordability of healthcare. TurningPoint manages nearly $4
billion in healthcare costs today and supports health plan
members in all 50 states across a set of clinical conditions
including Musculoskeletal (MSK), Cardiology, Wound Care, ENT,
sleep, and others. For more information, please
visit www.tpshealth.com or follow on LinkedIn.
About Fairway Health
Fairway Health's pioneering technology platform empowers the
efficient evaluation of medical documentation, enhancing the
effectiveness and efficiency of complex condition management. For
more information, please visit fairwayhealth.co
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SOURCE TurningPoint Healthcare Solutions