Practo announced the acquisition of Enlightiks, a provider of analytics platform, offering business intelligence (BI) solutions to healthcare enterprises.
The acquisition of Enlightiks strengthens Practo’s portfolio in the healthcare enterprise segment and enhances existing solutions that includes appointment management with Qikwell and a full stack HIMS solution with Insta.
The Bangalore-based Enlightiks claims that more than 200 healthcare centers including hospitals and clinics have deployed Querent, a business intelligence and predictive analytics platform.
Some of the main customers of Enlightiks include Apollo Sugar Clinics, Kokilaben Dhirubhai Ambani Hospital, Inamdar Multispecialty Hospital, Fernandez Hospitals, Eye-Q Vision, Sparsh Sandor Nephrocare Services and Ramesh Hospitals.
Enlightiks was co-founded by Shilpa Peri, Venkatesh Pagidimarri, Bas Nair and Vamsi Chandra Kasivajjala and was later joined by Shaunak Joshi and Sunil Kondala.
50 people from the Enlightiks will join Practo and will form the Analytics Business Unit within Practo which will be headed by Vamsi Chandra Kasivajjala, co-founder and CEO of Enlightiks.
“This is our 5th acquisition and 3rd in the enterprise space. This brings Practo closer to its vision of simplifying healthcare by providing end to end solutions for the entire eco-system,” Shashank ND, founder and CEO of Practo.
Enlightiks’ Querent business intelligence and predictive analytics platform enables CXOs to optimize their business in real time. Querent provides predictions for business metrics and help enterprises take actions proactively.
“Enlightiks has helped us to use intelligent technology to look closely in to our system and utilize previously untapped areas to improve the quality of care we offer while at the same time deriving new business solutions,” Rajesh Batra, VP-IT, Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute.
“Our association with Enlightiks has helped us greatly to optimize our business and utilize resources in a way which helps the entire system. These efficiencies have helped us to offer a superior quality of care to our patients,” Saurav Panda, co-founder and director of Sparsh Sandor Nephrocare Services.
The analytics platform reads both structured and unstructured information and applies machine learning and deep learning techniques to uncover insights. It uses Natural Language Generation (NLG) technology to provide automated insights to the business user.
The analytics platform also allows visual interpretation of information and generates useful insights for healthcare enterprises across various departments including operations, finance, quality, pricing, marketing, customer management and risk assessment.