US co Datavant buys medical insurtech co DigitalOwl

Datavant Acquires DigitalOwl: A Step Toward Streamlining Medical Data

Datavant, a prominent player in the healthcare data integration space, has acquired DigitalOwl, a company known for its innovative technology that analyzes and summarizes medical records. This acquisition aims to enhance Datavant's offerings for insurance companies and legal professionals, providing them with quicker and more efficient access to medical information.

What DigitalOwl Brings to the Table

DigitalOwl's technology leverages artificial intelligence to sift through vast amounts of medical documentation. By transforming complex medical records into concise summaries, the solution promises to save time and improve accuracy for its users. Insurance companies, in particular, could find this beneficial for expediting claims processing and risk assessments.

Why This Matters

The integration of DigitalOwl’s capabilities is likely to streamline workflows for insurance professionals who often deal with cumbersome documentation. For legal firms, having quicker access to summarized medical data could enhance case preparations and speed up legal proceedings.

Impact on the Industry

This acquisition reflects a growing trend in the insurance and healthcare sectors where technology is increasingly employed to handle complex data. By simplifying access to medical records, companies can potentially improve their service efficiency and decision-making processes. This move could set a benchmark for future collaborations between tech firms and insurance companies.

Looking Forward

As Datavant continues to integrate DigitalOwl’s technology into its operations, it will be interesting to see how this impacts their overall service delivery. Stakeholders in insurance and legal fields should keep an eye on further developments, as advancements in technology like this could shape the future of data management in these industries.

Original Source: https://en.globes.co.il/en/article-us-co-datavant-buys-medical-insurtech-co-digitalowl-1001522642