United States† March 8, 2022 /PRNewswire/ — Olive, the automation company that created the Internet of Healthcare, today unveiled the next phase of its platform strategy, which includes extensive connectivity and integration capabilities. Continued investment in Olive’s platform will connect the industry’s silo backend systems, providing healthcare professionals with automated access to critical information that reveals life-changing outcomes.
Healthcare is in a crisis situation where costs continue to rise and employee burnout continues to increase, largely due to time and money being wasted on unnecessary and redundant administrative processes. Olive is leading a revolution by automating error-prone, manual processes and connecting legacy systems to create a better experience for patients, caregivers and payers.
“Providers and payers struggle to connect legacy applications, many of which cannot communicate with each other. These silos prevent the enterprise and industry-wide automation that leading health systems are trying to achieve,” he said. Tony Brancato, executive vice president of Olive platform. “The Olive platform provides our customers with innovative ways to integrate legacy systems, as well as additional intelligence to identify patterns trapped within them.”
Despite important standards, frameworks and investments in communication technology, many of the healthcare technology systems remain isolated due to limited interoperability. This disconnected data is a barrier to unlocking important insights that would help transform the care experience for people.
The expansion of Olive’s platform furthers its vision to create the Internet of Healthcare by investing more in two key areas:
- Interoperability — Olive’s advanced integrations provide a framework that enables integration into many EHR/EPD, CRM, ERP, payer portals or other legacy systems. By moving beyond current industry standards such as HL7 (including FHIR), EDI and deploying robotic process automation, computer vision and other AI technologies, Olive can create deeper connectivity and integration with legacy systems.
- intelligence — By collecting data from different sources and using AI to identify key data patterns and insights, Olive’s intelligence layer enables users to identify patterns in different systems and gain new insights that were not possible before.
“We are making significant platform investments in systems connectivity and intelligence to enhance the value every product built on Olive brings to suppliers, payers and ultimately patients,” said Rohan D’Souza, Chief Product Officer at Olive. “Customers will initially see this value through Olive’s industry-leading automation products, but in the near future, more of the platform capabilities will also be extended to our thriving partner ecosystem.”
Olive will hold a Tech Talk on the impact of enhanced interoperability and informational knowledge networks through platforms in the exhibitor hall on VIVE 2022†
Because of its commitment to deliver an impactful platform that accelerates the healthcare internet, Olive is named after: Fast Company’s annual list of the The world’s most innovative companies for 2022in fourth place in the Health category.
For more information about the Olive, visit oliveai.com
Olive is the automation company that creates the Internet of Healthcare. The company tackles the most difficult healthcare problems through automation – enabling hospitals, health systems and payers to increase revenue, lower costs and increase capacity. People today feel lost in the system and healthcare workers are essentially working in the dark because of outdated technology causing a lack of shared knowledge and silo data. Olive drives connections to shed new light on healthcare processes and improve business operations today so everyone can benefit from a healthier industry tomorrow. For more information about Olive, visit oliveai.com†