FOR IMMEDIATE RELEASE: June 26, 2018, Denver, CO – BurstIQ, Inc., a leading healthcare blockchain data company, announced today a major OEM integration with VitalWare™, LLC, one of the fastest growing companies in the healthcare industry. The Washington-based firm provides revenue cycle management services to over 600 hospitals nationwide. BurstIQ’s proprietary blockchain-based big data platform will enable VitalWare to securely manage clients’ data at scale, automate key processes and gain new insights through the platform’s machine learning capabilities.
VitalWare’s suite of revenue cycle solutions and services addresses all aspects of mid-revenue cycle management, including documentation, coding, charge capture, auditing and lost revenue recovery. Incorporating BurstIQ’s proprietary blockchain-based health data platform will allow VitalWare to apply advanced analytics and machine learning to their services – gaining new insights that provide significant value for their health system clients. In addition, the platform hosted on VitalWare’s private cloud will significantly improve data security and automate key knowledge processes.
“BurstIQ allows us to achieve the scalability we need to grow our business,” says Kerry Martin, CEO of VitalWare. “The platform is able to quickly and automatically identify new insights and streamline multiple levels of our workflow, which translates directly into value for our clients.”
Frank Ricotta, CEO of BurstIQ, shares Martin’s enthusiasm about the partnership. “VitalWare has been recognized multiple times as one of the fastest-growing and most disruptive companies in the healthcare industry. This partnership will bring our blockchain-based data platform to VitalWare’s client base of over 600 hospitals and demonstrate the value that the platform can provide to health systems. It’s truly a win-win.”
BurstIQ™ is an industry-leading blockchain enablement company, offering enterprise-level blockchain solutions for the health and healthcare industry. The company offers a HIPAA- and GDPR- compliant platform that seamlessly leverages blockchain, advanced security, Big Data capabilities and machine intelligence to enable healthcare businesses and individuals to access, control, monetize and gain insights from their health data. The BurstIQ Ecosystem allows people and businesses to create relationships and transact through a global network of marketplaces for personalized products and services, value-added B2B services, research opportunities, and peer-to-peer networks. The BurstIQ platform and Ecosystem work together to improve the security of health data, reduce healthcare costs, enable new insights and care models, and democratize health through increased global health access, equity and personal empowerment.
Visit BurstIQ to learn more: www.BurstIQ.com
VitalWare is the leading mid-revenue cycle SaaS solutions provider, specializing in Health-IT applications aimed at making the business of healthcare easier through its intuitive cloud-based technologies and regulatory content expertise. With over 625 hospitals on its client roster, VitalWare’s product portfolio is the healthcare industry’s best solution for providing visibility and continuity in Chargemaster management, documentation, charge capture, and regulatory code references. Beyond providing tools and healthcare regulatory and compliance resources, VitalWare offers professional services designed to support organizations’ need of coding guidance, process improvement, education and financial impact solutions. Visit our website, www.vitalware.com
Chief Corporate Development Officer