Global Care Administrators announced that its deep learning health intelligence platform will go to market under the name Global Care Analytics (GCANA). According to company president, Scott Guilfoyle, the platform gives healthcare management a tool for key management insights within claims-and-cost and clinical data, and solid predictive analytics from local and/or global data via the desktop.
“Global Care gives the C-suite of health systems, hospitals, and medical groups the power to conduct deep analytics, and predictive analytics, of their data. The CEO, COO, or CFO can execute precisely targeted, complex queries on massive data sets with real-time or near-real-time responses by dragging and dropping preset queries into the engine,” says Guilfoyle. “We have a patented hyper-ingestion engine that can take in a million datasets a minute, which is amazingly fast and accurate. Then our hyper-digestion process uses neural networks to analyze the oceans of data, and become more and more accurate as it learns to refine its ability to make connections.”
Guilfoyle, the former CTO of PayPal, and CIO of LendingTree,Bank of America Card Services, and GE’s Aircraft Engine Services, Aircraft Engines eBusiness, and Plastics Americas, believes the company’s deep analytics platform gives healthcare executives access to billions of data points for better organizational management, delivery of care, and population health. “Plus, there is enormous value in access to our global health data exchange. Each time we onboard a new client, and each time any and all clients query the platform, the ocean of collected health data in our exchange grows larger, and our platform grows more knowledgeable and more accurate.”
Global Care was founded by former senior healthcare executives who all, according to CEO Kevin Sullivan, “Understand the enormous value of the data trapped within a healthcare organization. This is the intelligence engine I wish I’d had in my former senior operations positions. The value of deep analytics will radically transform day-to-day healthcare management for the better. When executive management has desktop power to identify gaps in care or delivery of care services, outcome metrics, and the most complete real-time picture of the health of their patient populations, they can speed up more knowledgeable decision making. Speed, precision, deep knowledge, and agility through predictive analytics are tools they can use to radically change their landscape.”
Guilfoyle says the analytics technology will be followed by what most healthcare management think of as “unobtainium:” A frictionless transaction (billing-claims-reimbursement) systemthat authenticates the patient, authorizes the procedure, files the claim with the payor, and reimburses the provider in real-time as care is delivered. Imagine providers being paid before the patient leaves the facility.”
He says company’s Global Care Pay technology could help eliminate some of the $147bn – $510bn of waste in administrative complexities and manual transactions. “Global Care Pay applies smart contracts and blockchain technology to make the transaction frictionless, immediate, highly accurate, and secure. It’s our next big step and one we’re really excited to bring to market in the near future.”
Sullivan says the two-year-old, privately-held company is raising capital, and it plans to build out the pay system on the foundational success of the analytics platform. “We’re way out front on blockchain pay technology, and our work with clients on deep learning analytics gives us the kind of real-world environment we need to fine-tune the Global Care Pay for a soft release in the next 12-14 months.”