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Iodine Software

iodinesoftware.com

Founded Year

2010

Stage

Private Equity | Alive

Valuation

$0000 

About Iodine Software

Iodine Software provides clinical documentation software for hospitals. Its AwareCDI suite identifies and captures mid-revenue cycle leakage. Iodine Labs incubates new technology ideas as well as producing real-time insights. It does this by applying its CognitiveML engine to multiple use case scenarios, across a database of patient admissions.

Headquarters Location

6850 Austin Center Blvd Suite #350

Austin, Texas, 78731,

United States

512-829-0600

Iodine Software's Product Videos

ESPs containing Iodine Software

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare / Healthcare Providers Tech

These companies develop platforms that help providers streamline the process of translating clinical details into billing codes for payment, while maintaining the accuracy and completeness of these codes. This reduces potential errors on submitted claims, which results in less delays or denials of payment from health plans. Companies in this market also offer autonomous coding with minimal to no h…

Iodine Software named as Leader among 7 other companies, including Health Fidelity, Nym, and CloudMedX.

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Iodine Software's Products & Differentiators

    ED Diversion

    This is a holistic, in-home care solution that lowers the total cost of care for health plans and unlocks revenue. MedArrive partners with health plans to improve health outcomes and reduce unnecessary ED and hospital utilization for an underserved population of members with complex medical and SDOH needs.

Research containing Iodine Software

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Iodine Software in 3 CB Insights research briefs, most recently on Dec 21, 2022.

Expert Collections containing Iodine Software

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Iodine Software is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,204 items

H

Health IT

2,952 items

Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.

D

Digital Health

13,069 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

D

Digital Health 150

150 items

Iodine Software Patents

Iodine Software has filed 13 patents.

The 3 most popular patent topics include:

  • Health informatics
  • Electronic health records
  • Medical terminology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/27/2020

8/23/2022

Health informatics, Medical terminology, Electronic health records, Medical technology, Health care

Grant

Application Date

7/27/2020

Grant Date

8/23/2022

Title

Related Topics

Health informatics, Medical terminology, Electronic health records, Medical technology, Health care

Status

Grant

Latest Iodine Software News

The Continuing Rise of AI in the Healthcare Sector in 2023

Jan 11, 2023

Melissa Powell, COO of Genesis HealthCare The announcement in September 2022 that the health tech company Iodine Software was entering into a partnership with the software platform TruCode “to upend clinical administration using artificial intelligence” serves as one of the more recent reminders of AI’s considerable impact on the healthcare sector. Certainly, it will be felt not just in the administrative realm, but also in the clinical and operational aspects as well. And given the challenges presented by a rapidly aging population, it is readily apparent that innovation like AI – defined by Deloitte as “computer systems able to perform tasks normally requiring human intelligence” – is sorely needed in order to increase efficiency, reduce costs, personalize care and improve outcomes. It is estimated that the global healthcare AI market, valued at $6.9 billion in 2021, will mushroom to  $67.4 billion by 2027, as the sector continues its digital transformation, a process accelerated by the pandemic. While 45 percent of medical organizations either began using AI systems or were considering their implementation in 2019, 84 percent were so inclined in 2020. Going forward, the primary challenge involves the ongoing “Silver Tsunami,” which is seeing 10,000 Baby Boomers turn 65 every day. By 2030, two of every 10 Americans will be over that age, up from 14.5 percent at present. Not to be forgotten, either, is how much care seniors might require, given the fact that six of every 10 Americans currently suffer from chronic conditions and the fact that the likelihood of finding oneself in such circumstances increases with age. Meanwhile, there is expected to be a shortage of between 54,100 and 139,000 doctors by 2033, according to the Association of American Medical Colleges (AAMC) . In short, there will be fewer doctors to care for more patients – patients who have greater needs, no less. Clearly, then, healthcare organizations are going to have to get creative to remedy such daunting problems. Just as clearly, technology like AI is going to have to be at least part of the answer. Count Dr. Rick Newell, CEO of Inflect Health and Chief Transformation Officer of Vituity Healthcare, among those who extol the virtues of this technology. As he wrote in an April 2022 Forbes post : “In the history of mankind, I don’t think there has ever been a more powerful way to solve problems with novel insights than through the use of AI.” He went on to praise “its ability to solve fantastically complex mathematical problems and discover the subtle and nuanced relationships between data,” which, he added, “has incredible potential to improve healthcare.” And indeed, the explosion of data demands that new technologies be brought into play in order to store, analyze and organize all that information – to, really, maximize its use. Statista estimates that 97 zettabytes (i.e., 97 billion terabytes) of data will be created, captured, copied, and consumed in 2022 – in all sectors, all around the globe. That would represent a dramatic increase from 2020, when 64.2 zettabytes were in circulation, but should also be kept in perspective since it is estimated that 181 zettabytes will be in circulation by 2025. Specific to healthcare, AI, which possesses pattern-recognition skills, not unlike those typical of human intelligence, can help transform unstructured data into structured data by detecting the vital elements in the former. Moreover, AI can be used in combination with blockchain – a decentralized online ledger – to remove silos and achieve organizations’ long-held goal of interoperability. That ensures a more personalized care journey and more favorable outcomes. Additionally, consider AI’s role in the development of the coronavirus vaccine, specifically the one originated by Pfizer/BioNTech. That technology reduced the process of analyzing clinical-trial data from a month to less than a day , helping make it possible to roll out the drug in under a year. Finally, let us return to the Iodine/TruCode example, mentioned above. In that case, AI will be used to ensure that clinical documentation is coded correctly, which according to a news release is a major cause of lost revenue. Not to be forgotten, either, is the way in which such technology eases clinicians’ administrative burdens, a major cause of burnout. In sum, AI is very much interwoven in all aspects of a healthcare organization’s workings, whether clinical, operational, or administrative. It is fair to say that technology will only become that much more important to such organizations in the years to come, as the challenges they face increase in scope. About Melissa Powell Melissa Powell is the COO of Genesis HealthCare , a network of 250 facilities across 22 states. She has nearly 20 years of experience coordinating, assessing and improving senior care in New Jersey and New York City.

Iodine Software Frequently Asked Questions (FAQ)

  • When was Iodine Software founded?

    Iodine Software was founded in 2010.

  • Where is Iodine Software's headquarters?

    Iodine Software's headquarters is located at 6850 Austin Center Blvd, Austin.

  • What is Iodine Software's latest funding round?

    Iodine Software's latest funding round is Private Equity.

  • Who are the investors of Iodine Software?

    Investors of Iodine Software include Advent International, Silversmith Capital Partners and Bain Capital Ventures.

  • Who are Iodine Software's competitors?

    Competitors of Iodine Software include DispatchHealth, Fathom, Robin Healthcare, Ubie, Health Note, SmarterDx, Valhalla Healthcare, CloudMedX, Presidio Health, DeepScribe and 17 more.

  • What products does Iodine Software offer?

    Iodine Software's products include ED Diversion and 2 more.

  • Who are Iodine Software's customers?

    Customers of Iodine Software include Bright Healthcare, Centene - Health Net, Molina Healthcare of Texas, SPECT and SCAN Health Plan.

Compare Iodine Software to Competitors

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Valhalla Healthcare

Valhalla Healthcare provides a patient-directed AI assistant that automates clinical documentation for healthcare providers.

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HiTeks

Hiteks is an analytics engine that works at the point-of-care to analyze and bring structure to the unstructured data stored in electronic medical records. In other words, it converts doctors' notes into actionable, structured data, and incomplete data is a major reason why doctors are often not reimbursed for treatment and procedures.

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Notable

Notable is a AI platform that automates and structures every physician-patient interaction. It is a voice-driven app built for Apple Watch, which utilizes voice wake features that allow clinicians to complete an encounter. The smart assistant automatically structures conversations, dictations, orders, and recommends the appropriate billing codes.

I
Inference Analytics

Inference Analytics enables organizations to permeate predictive and prescriptive analytics throughout their decision-making process by offering an AI-driven software that derives critical insights from clinical notes and searches. Its platforms have uses in radiology reports, clinical notes, revenue cycle management, and COVID-19 searches.

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Dolbey

Dolbey provides dictation, transcription, speech recognition, clinical documentation improvement and computer-assisted coding solutions for healthcare companies in the United States and Canada.

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Health Note

Health Note is a clinically intelligent, digital pre-visit planning platform that transforms the patient experience and automates clinical EHR documentation for providers. Its secure, conversational texting walks patients through intake paperwork before the visit, while capturing HPI and other clinically-relevant information to streamline office visits from front desk to encounter. Health Note was founded in 2018 and is based in San Francisco, California.

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