In a recent press release, Legacy Data Access (LDA), a healthcare software and data services company and Life2, Inc., an innovator in artificial intelligence & clinical data services announced a partnership built on artificial intelligence and machine learning in the healthcare sector.
The companies have launched a hosted service that leverages Life2’s Artificial Intelligence Engine with LDA’s installation base of over 800 hospitals.
Jim Yuhas, Partner at Cadrillion Capital, a private investment firm that owns LDA commented: “LDA’s expertise involves maintaining clinical and financial information over as much as a 30 year period for our hospital partners. Leveraging our data storage business into new offerings for our clients is a natural next step for LDA. Life2 provides an exciting opportunity to deliver valuable empirical insights as part of a hosted service. Hospitals realize appropriate procedural and clinical actions – based on empirical evidence – must be taken at the right time throughout each patient’s stay to optimize both patient outcomes and hospital performance. Life2 is uniquely positioned to deliver that value to our clients.”
Life2’s AI Cycle provides hospitals empirical evidence of which actions work and which do not. It utilizes artificial intelligence, machine learning and cognitive augmentation and expert guidance to deliver real time patient based risk stratification, causality analysis and empirical intervention selection. An Evidence Engine powers an automated Machine Learning Feedback Loop that compiles the outcomes and effectiveness of each action. This results in real time “course correction”, helping hospitals and clinicians optimize patient outcomes, quality and financial performance.