To create the most comprehensive provider of administrative, clinical and financial services for healthcare organisations in the US
IKS Health, the premier global solution that revitalises the clinician-patient relationship while empowering healthcare organisations to thrive, announced the acquisition of AQuity Solutions, a Best in KLAS industry leader in tech-enabled clinical documentation, medical coding, and revenue integrity solutions for healthcare, as a wholly-owned subsidiary for $200 million.
IKS Health’s market leadership in the ambulatory market will be coupled with AQuity’s market leadership in the acute care market to create an entity that enables Clinicians and their Enterprises to deliver better, safer, more efficient care across the continuum of care delivery. The combined company, which will operate as IKS Health, will have annual revenues of $330+ million, as well as a global workforce of over 14,000 employees serving over 150,000 clinicians in many of the largest hospitals, health systems, and speciality groups in the US.
“US Healthcare is in crisis, one that is deepening from all sides. Financial instability, large-scale staffing challenges, and the precarious health status of so many Americans all call for deeper, more comprehensive solutions that address these root issues,” said Sachin K Gupta, Founder and CEO, IKS Health, adding, “Delivering better, safer care is everyone’s top priority—but too often, the ‘chores’ of healthcare get in the way of that core purpose. To help turn the tide amidst this state of crisis, we firmly believe that revitalising the clinician-patient relationship and helping our partners thrive financially are both fundamental. The coming together of IKS and AQuity allows us to enable Clinicians with their chores across the continuum of care.”
The acquisition advances IKS Health’s Care Enablement Platform, consisting of technology and service offerings that span revenue optimisation, clinical support, value-based care and digital health solutions. Specifically, AQuity’s rich datasets enable IKS to rapidly mature and scale its proprietary AI solutions with critical expertise and guidance from Reinforced Learning Through Human Feedback (RLHF). This purchase follows recent strategic technology investments in Abridge, a Generative AI platform to reduce administrative burden and Sift Healthcare, a predictive analytics solution for revenue cycle management. IKS’s cloud-based, HIPAA-compliant platform integrates with all EHR and Enterprise Practice Management systems.
“We’re excited to join forces with a like-minded industry leader in IKS,” said Kashyap Joshi, CEO, AQuity. “Our award-winning solutions have been recognised by KLAS and Black Book as market-leading, highlighting our ability to drive superior outcomes for our clients. By combining our capabilities, we will accelerate our commitment to delivering meaningful, pragmatic, and proven solutions for the entire continuum of care, so that patients have a better experience and practices, groups, and hospitals can thrive.”