Dexur Acquires Chart Abstraction Software and Operations from Indiana Hospital Association, Enhancing AI-Driven Quality and Risk Management

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Dexur, a leading provider of AI-driven unified quality and safety, risk, and incident management software, will acquire the Comparative Outcome Profile (COP) chart abstraction software from the Indiana Hospital Association (IHA). This strategic move aims to bolster Dexur's capabilities in offering comprehensive, AI-powered solutions to healthcare organizations.

The integration of COP into Dexur's unified software platform represents a significant advancement in the healthcare industry. Hospitals and healthcare providers will now have access to a modern, AI-driven platform that not only facilitates chart abstracted measures for submission to CMS, The Joint Commission (TJC), and other regulatory bodies but also enhances overall quality programs. This includes improvements in critical areas like CMS Star Rating and Value-Based Purchasing (VBP) which have chart abstracted measures such as SEP1.

Matt Browning, Senior Vice President of IHA, commented on the acquisition: "Dexur stands out as the best AI-driven solution to scale quality and risk management for hospitals. In the healthcare sector, there's a repetitive cycle of managing quality events, risk/incident management, and evaluating performance in programs like CMS Star Ratings. Dexur's innovative platform is uniquely positioned to unify these activities, offering a modern and efficient approach to managing these critical healthcare functions."

Nik Rao, CEO of Dexur, spoke about the acquisition aligning with the company's vision: "The acquisition of COP is a natural extension of Dexur’s mission to be the foremost AI-driven unified Quality and Risk Management platform. The inclusion of COP's chart abstraction capabilities is a crucial element in empowering healthcare organizations to scale their quality and risk management efforts while also achieving cost reductions. This move represents a significant step forward in our commitment to providing cutting-edge, comprehensive solutions in the healthcare sector."

This acquisition marks a new era in healthcare management, promising enhanced efficiency and effectiveness in quality and risk management through advanced AI-driven technology.

Synergies and Enhancement of Dexur Acquiring IHA COP Chart Abstraction Software

Unified System Approach
Advanced Platform Capabilities
AI-Driven Insights and Reporting
Impact on Quality Program Reporting

Dexur’s Goals and Plans for Acquisition:

In the short term, Dexur's primary objective following the acquisition of the Comparative Outcome Profile (COP) from the Indiana Hospital Association is to guarantee a smooth transition. This involves ensuring that the integration of COP into Dexur's existing system is executed with minimal disruption and risk. A key focus will be the enhancement of chart abstraction measures within the Dexur quality and risk management platform. This enhancement is aimed at providing a deeper and more nuanced understanding of the impact on critical healthcare quality metrics, such as CMS Star Ratings and Value-Based Purchasing (VBP) programs.

For the medium to long term, Dexur's goals are more expansive and ambitious. The company plans to extend its support to a broader range of healthcare measures. This includes an increased focus on inpatient and outpatient measures, Accountable Care Organizations (ACO), Merit-based Incentive Payment System (MIPS), health equity, and Electronic Clinical Quality Measures (eCQMs). A significant part of this long-term strategy involves the deployment of AI-assisted abstraction. This technology aims to substantially reduce the manual burden associated with data abstraction while simultaneously improving the accuracy of the data. This advancement is expected to further strengthen Dexur's position as a leader in AI-driven quality and risk management in healthcare, providing more robust and efficient tools for healthcare organizations to manage and improve their performance metrics.