Medisolv Acquires Lilac Software: Advancing AI in Healthcare Quality
Medisolv, Inc., a prominent leader in healthcare quality data management, has announced the acquisition of Lilac Software, Inc., renowned for its advancements in AI-driven predictive analytics and expertise with Medicare Advantage Stars. This strategic move enhances Medisolv's capabilities by integrating AI-powered quality intelligence, supporting healthcare organizations in navigating the complexities of value-based care models.
For over two decades, Medisolv has been assisting hospitals, health systems, and accountable care organizations with clinical quality measurement and regulatory compliance. Currently serving over 1,800 hospitals and numerous large accountable care organizations, the company manages more than 150 million patient records. The inclusion of Lilac allows Medisolv to extend its offerings to include claims-based quality measurement, HEDIS performance analytics, and predictive tools to identify risks and improve value-based reimbursement outcomes.
This acquisition enhances Medisolv's ability to adapt to evolving value-based care standards impacting both providers and payers. By integrating Lilac's AI-enabled patient engagement technology, Medisolv aims to strengthen patient interaction through initiatives such as patient-reported outcome measures and data exchange processes, crucial for quality data collection and scaling patient engagement.
The new technology enables healthcare entities to identify and bridge care gaps through scalable outreach and predictive analytics. By merging clinical and claims-based data, healthcare organizations gain a comprehensive view of quality performance, thus simplifying the administrative requirements of quality reporting.
David Lucey, Jr., CEO of Medisolv, commented on the acquisition, highlighting its significance in the company's growth trajectory. By blending clinical data, claims analysis, and AI, Medisolv's platform will provide performance reporting while actively assisting providers and payers in closing care gaps, reducing administrative burdens, and thriving under value-based payment models.
Neetu Rajpal, CEO and Co-Founder of Lilac, expressed enthusiasm about the merger, emphasizing the potential to transform healthcare data into actionable insights. The combination of their claims-based expertise with Medisolv's proficiency in clinical quality management is expected to advance AI-driven solutions that not only measure but improve healthcare performance.
Lilac Software specializes in AI-powered analytics for healthcare entities, offering tools for Medicare Advantage Stars program management. Their technology is designed to effectively and efficiently close care gaps. Medisolv, a leader in healthcare quality data management, provides comprehensive quality improvement solutions across various healthcare settings, meeting the requirements of numerous national quality and safety measures.