VisiQuate, Inc., a Santa Rosa, CA-based provider of advanced analytics and AI-powered automation announced a new $50 million equity investment from Sixth Street Growth. This will help to advance digital innovation in healthcare revenue cycle data management and analytics.
- Data assistance: Recognized for its ground-breaking automated data assistant, Ana, VisiQuate understands there is little value in using automation to merely replicate a human activity. Instead, the software and consulting company focuses on Intelligent Process Automation, first analyzing and retooling each client’s unique processes to take full advantage of the power of the human + machine combination.
- Self-monitor: VisiQuate’s artificial intelligence (AI) and machine learning (ML) make it possible for the entire system to continuously self-monitor and correct for revenue cycle anomalies that erode hospital margins. This approach reduces waste and increases yield, with an even shorter time to revenue.
- Collaboration: “We consider tackling the nearly trillion dollars of administrative waste in healthcare as a moral imperative. To fuel that vision, we are partnering and collaborating with Sixth Street, which is well-aligned with our vision,” said Brian Robertson, VisiQuate Founder & CEO. “Our mission is to help health care providers dramatically improve clinical, financial, and operational outcomes. Sixth Street’s deep capital, wide-ranging expertise, and stellar reputation in the healthcare industry make them ideal partners to help us fulfill our mission and vision.”
- Effective actionable workflows: Founded in 2009, VisiQuate, Inc.’s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explores complex data from multiple sources to quickly gain insights and create actionable workflows. This ability helps clients improve yield, optimize cost efficiencies, and dramatically improve the quality and velocity of decision-making.
- Building analytics solution: “We look forward to supporting Brian and the VisiQuate team as they continue to build analytics solutions for healthcare providers that are both more advanced and easier to use,” said Bo Stanley, Partner, and Co-Head of Sixth Street Growth. “Informed by their crowdsourced AI and ML capabilities, VisiQuate’s enterprise-class offerings and advanced data integration technologies make it possible for providers to dramatically reduce cost, increase yield, and improve time to revenue. We are excited to partner with them as they enter their next phase of growth and continue to lead the advanced analytics and intelligent process automation field.”
