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TurningPoint Healthcare Solutions Acquires Fairway Health to Boost Advancements in Condition Management

Wednesday, May 15, 2024

TurningPoint Healthcare Solutions, a leading provider in comprehensive condition management, announced its acquisition of Fairway Health, a pioneering health technology company specializing in AI-powered tools that streamline complex clinical workflows.

This strategic move enables TurningPoint to utilize its industry-leading clinical expertise more effectively, transforming the healthcare experience for providers who navigate clinical and administrative challenges.

Fairway Health employs Large Language Models (LLMs) and Generative AI to help decipher the complex healthcare documentation that follows a patient's journey. Implementing this technology across TurningPoint's suite of specialty conditions, which manages nearly $4 billion in healthcare costs, aims to accelerate care delivery, enhance healthcare outcomes, and significantly reduce the administrative burdens on providers.

Emphasized the importance of the Fairway Health acquisition, stating, "This marks a significant milestone in our commitment to driving innovation and maximizing value across the healthcare continuum.

Empower proviers to deliver safe, affordable, and high-quality care with greater efficiency. The challenges providers face during the prior authorization process are numerous, and we believe the Fairway Health acquisition will lead to new ways to collaborate with providers."

Fairway Health, Identifying a strategic opportunity to address complex healthcare challenges with HIPAA-compliant generative AI models.

former President of the American Academy of Orthopaedic Surgeons, underscored the importance of holistic patient care, provider collaboration, and technology adoption in the new era of condition management.

"This exciting development aligns with all three principles, promising a superior experience for patients managing complex conditions," he remarked.

The acquisition is poised to deliver immediate benefits for TurningPoint's health plan clients and provider partners through AI-enabled workflow efficiencies. Both organizations are eager to embark on this transformative journey toward safer, more accessible, and high-quality healthcare.





Source: prnewswire.com

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