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Press Room Archives - SyTrue

SyTrue has been acquired by ClaimLogiq

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Combining the premier payment integrity platform with the leading NLP technology solution to transform how health plans address payment integrity, risk adjustment and data management

MOUNT PLEASANT, S.C., July 27, 2022 /PRNewswire/ — ClaimLogiq, a leading technology enabling payment integrity platform, announced today that it has acquired SyTrue, the pioneer in healthcare natural language processing technology, creating a seamless and cohesive solution for clinical, coding and medical record reviews.

“Healthcare data is far too often fragmented, incomplete, inconsistent, and difficult to analyze,” said Neal Miller Chief Revenue Officer, ClaimLogiq. “The synergies of ClaimLogiq and SyTrue will empower health plans to leverage our cutting-edge technology to transform unstructured data into actionable insights to deliver more effective and accurate payment integrity programs.”

The integration of ClaimLogiq’s platform and SyTrue’s NLP OS technology is poised to streamline and transform the medical record review ecosystem by empowering clinicians and coders with valuable and actionable insights to make rapid and accurate payment decisions, resulting in significant productivity gains and greater cost savings. Specifically, healthcare organizations will gain more flexibility to automate, process and analyze unstructured data for multiple downstream use cases, including payment integrity, risk adjustment, and more.

This highly configurable platform will support the healthcare industry’s focus to a more transparent and proactive approach to payment integrity, enabling payers and service providers to deliver a more comprehensive and dynamic payment integrity program. This new platform is the only market offering that enables users to either perform their own payment integrity reviews, leverage ClaimLogiq subject matter experts, or operate a hybrid model that employs both methods, creating wide range scale and flexibility.

“To make informed decisions, it is essential that payers have access to the most up-to-date, accurate data,” said SyTrue Founder and CEO Kyle Silvestro. “However, with so much critical information locked in medical records as unstructured data, this is far easier said than done. Transforming the unstructured data, paired with our added workflow tools, will allow ClaimLogiq to address the enterprise needs of payers across payment integrity, risk adjustment and more.”

First Analysis Securities Corporation acted as exclusive advisor to SyTrue in its sale to ClaimLogiq.

About ClaimLogiq 
ClaimLogiq is a healthcare software and technology company that delivers a proactive approach to payment integrity through a powerful, simplified solution. The unique payer-facing, claim-analyzing solution is HITRUST CSF® certified and makes claim reviews accessible to all size healthcare payers for in-depth insight and real-time access into the status of every claim at every stage of the audit lifecycle for controlled, consistent, accurate, and defensible outcomes. ClaimLogiq’s innovative software stands out by allowing payers control, configurability, and transparency over the entire claim process and can be applied as a SaaS model, full service, or as a hybrid to suit the specific needs of every payer. For more information, visit www.claimlogiq.com or follow ClaimLogiq on LinkedIn.

About SyTrue
SyTrue, the leader in modernizing payer workflows to reduce costs and increase efficiencies, enables healthcare payers to make sense of fragmented, dirty data, driving greater transparency that increases productivity, reduces costs and enhances revenue. Healthcare payers must analyze extensive amounts of unstructured data to identify insights from patients’ episodic health records, which cannot be accessed by traditional methods of search and require expensive chart reviews. SyTrue’s innovative clinical Natural Language Processing (NLP) Operating System NLP OS™ synthesizes, normalizes and transforms unstructured clinical data into a strategic enterprise-wide digital asset that catalyzes informed decision-making for payment integrity, risk adjustment and care coordination. Developed by clinicians and data scientists with deep healthcare domain expertise, SyTrue’s solutions boost the productivity of review teams and generate higher ROI on clinical and medical chart reviews through greater accuracy, speed, repeatability and scalability. SyTrue has processed more than 10 billion health records, yielding insights that lead to increased efficiencies and improvements in financial performance.

International Software Awards program recognizes excellence and innovation in software solutions

STATELINE, Nev., July 14, 2022 /PRNewswire/ — The Software Awards program today announced that SyTrue, the leader in modernizing payer workflows to reduce costs and increase efficiencies, has been shortlisted in its 2022 SaaS Awards program in the Best SaaS Product for Healthcare category.

Now in its seventh year of celebrating software innovation, the Software Awards program accepts entries worldwide, including the US, Canada, Australasia, EMEA and UK.  Categories for 2022 include Best Enterprise-Level SaaS and Best Data-Driven SaaS, alongside new categories including ‘Most Agile or Responsive SaaS Solution of the Year’.  

“Innovative technologies like SyTrue’s have always driven industry forward and disrupted the software business,” said James Williams, head of operations for the SaaS Awards. “SaaS continues to mature as a key driver for sustained improvement across multiple verticals and is now part of successful business DNA.” 

“SyTrue is committed to the delivery of solutions that modernize payer workflows to boost the productivity of review teams and generate higher ROI on chart reviews through greater accuracy, speed, repeatability and scalability,” said SyTrue Founder and CEO Kyle Silvestro. “Being recognized by the prestigious Software Awards program is a tremendous honor and reflects our team’s successful approach to driving excellence and innovation in healthcare.”

“Continuing to evolve, this year we’ve seen a host of truly remarkable software solutions, making it extremely difficult for our team to eliminate candidates at the shortlist stage,” said Williams. “The shortlisted candidates announced today, however, have proven to be truly innovative thinkers in the SaaS industry, whether they’re freshly funded disruptors or established names.  Our judges were very impressed with the volume of original solutions for modern business in all industry areas. Stay tuned for our August announcement of category finalists, representing those few solutions who can demonstrate that extra edge in impressing our international panel of judges, who are now left with a next-to impossible task.”  

SaaS Awards finalists will be announced on Tuesday 23 August 2022, with the ultimate category winners announced on Tuesday 13 September 2022.

To view the full shortlist, please visit: https://www.cloud-awards.com/2022-saas-awards-shortlist/.

The SaaS Awards program will return with a new program in Spring 2023. Hundreds of organizations entered, with entries coming from North America, Canada, Australia, UK, Europe and the Middle East. A sister program to the SaaS Awards, The Cloud Awards’ Cloud Computing Awards, will soon accept submissions for a new 2022-23 program, continuing its recognition of excellence in cloud computing, with an October deadline.

Contact details  
For the SaaS Awards  
James Williams – head of operations  
https://www.cloud-awards.com/software-as-a-service-awards/  
james@cloud-awards.com  

For SyTrue
Mardi Larson, Amendola Communications
612.384.4383
mlarson@acmarketingpr.com

About the SaaS Awards  

The SaaS Awards is a sister program to the Cloud Awards, which was founded in 2011. The SaaS Awards focuses on recognizing excellence and innovation in software solutions. Categories range from Best Enterprise-Level SaaS to Best UX or UI Design in a SaaS Product.  

About the Cloud Awards  

The Cloud Awards is an international program which has been recognizing and honoring industry leaders, innovators and organizational transformation in cloud computing since 2011. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2023 and beyond. Categories include the Software as a Service award, Most Promising Start-Up, and “Best in Mobile” Cloud Solution.   

Winners are selected by a judging panel of international industry experts. For more information about the Cloud Awards and SaaS Awards, please visit https://www.cloud-awards.com/.  

About SyTrue

SyTrue, the leader in modernizing payer workflows to reduce costs and increase efficiencies, enables healthcare payers to make sense of fragmented, dirty data, driving greater transparency that increases productivity, reduces costs and enhances revenue. Healthcare payers must analyze extensive amounts of unstructured data to identify insights from patients’ episodic health records, which cannot be accessed by traditional methods of search and require expensive chart reviews. SyTrue’s innovative clinical Natural Language Processing (NLP) Operating System NLP OS™ synthesizes, normalizes and transforms unstructured clinical data into a strategic enterprise-wide digital asset that catalyzes informed decision-making for risk adjustment, care coordination and payment integrity. Developed by clinicians and data scientists with deep healthcare domain expertise, SyTrue’s solutions boost the productivity of review teams and generate higher ROI on chart reviews through greater accuracy, speed, repeatability and scalability. SyTrue is trusted by top-tier health plans who have leveraged NLP OS™ to process more than 10 billion health records, yielding insights that lead to increased efficiencies and improvements in financial performance.

Former Apixio, Change Healthcare executive has extensive experience leading product development across the healthcare ecosystem

SyTrue, the leader in modernizing payer workflows to reduce costs and increase efficiencies, today announced the appointment of Chad Wege as vice president of product.

To download a headshot of Chad Wege, click here.

SyTrue’s solutions synthesize, normalize, and transform unstructured clinical data into strategic enterprise-wide digital assets that catalyze informed decision-making and increase efficiency for health plans. With NLP-driven workflows, health plans achieve a higher accuracy and ROI on payment integrity and risk adjustment programs.

Wege, a tenured leader in the healthcare technology space, brings to SyTrue 15 years of product innovation, development, and management expertise. He most recently led prospective risk product development at Apixio, a value-based care technology company. Prior to Apixio, Wege held leadership roles in product and program management at Change Healthcare and UnitedHealth Group that focused on population management, value-based care, provider risk delegation, and government programs.

Wege has led both product and program management teams of various sizes through market strategy, conceptualization and requirements definition, development and release, and customer implementation and management.

“Chad is an agile product practitioner with a proven track record of solving complex challenges and driving results,” said SyTrue Founder and CEO Kyle Silvestro. “We look forward to his contributions as we develop new products that unlock valuable insights from messy electronic health records data.”

“SyTrue’s industry-leading natural language processing and flexible rules technology enable payers and providers to leverage previously inaccessible data to drive greater efficiencies, better decisions, and more valuable outcomes,” said Wege. “I’m excited to join the SyTrue team to contribute my deep product management and client experience to build products that address industry-beleaguering problems, unlock potential, and drive growth opportunities for our customers.”

About SyTrue
SyTrue, the leader in modernizing payer workflows to reduce costs and increase efficiencies, enables healthcare payers to make sense of fragmented, dirty data, driving greater transparency that increases productivity, reduces costs and enhances revenue. Healthcare payers must analyze extensive amounts of unstructured data to identify insights from patients’ episodic health records, which cannot be accessed by traditional methods of search and require expensive chart reviews. SyTrue’s innovative clinical Natural Language Processing (NLP) Operating System NLP OS™ synthesizes, normalizes and transforms unstructured clinical data into a strategic enterprise-wide digital asset that catalyzes informed decision-making for risk adjustment, care coordination and payment integrity. Developed by clinicians and data scientists with deep healthcare domain expertise, SyTrue’s solutions boost the productivity of review teams and generate higher ROI on chart reviews through greater accuracy, speed, repeatability and scalability. SyTrue is trusted by top-tier health plans who have leveraged NLP OS™ to process more than 10 billion health records, yielding insights that lead to increased efficiencies and improvements in financial performance.

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