Combining Diameter's API technology and Fusion engine with Availity's Clinical Gateway capabilities will enable health plans, providers, and partners to:
· Acquire and streamline clinical data acquisition through a broad network of providers, vendors and partners
· Upcycle clinical data into a clean, clear and precise asset by normalizing data to industry standard terminologies, intelligently reorganizing and deduplicating disparate data sources, and leveraging clinical informatics best practices
· Create a summarized, comprehensive, longitudinal health record
· Deliver fit-for-purpose data and enable bidirectional and intelligent workflows that support care gap closure, quality measurement, risk adjustment, automated prior authorization, care management and other data-driven use cases
"Diameter Health has earned a world-class reputation for clinical informatics expertise and scalable, automated technology that makes health data interoperable, actionable, and trustworthy," said Eric Rosow, CEO and Co-Founder of Diameter Health. "We are excited to announce Diameter Health's next chapter in becoming a foundational pillar of Availity's broader platform offering, to enable better outcomes for providers and health plans nationally."
The transaction is subject to customary closing conditions and is expected to be completed during the third quarter of 2022. Additional details regarding the transaction were not disclosed.
TripleTree is serving as the exclusive financial advisor to Diameter Health and Feinberg Hanson LLP is serving as legal counsel to Diameter Health.
Alston & Bird LLP is serving as legal counsel to Availity.
Availity is the place where healthcare finds the answers needed to shift focus back to patient care. We work to solve communication challenges in healthcare by creating a richer, more transparent exchange of information among health plans, providers, and technology partners. As one of the nation's largest health information networks, Availity facilitates billions of clinical, administrative, and financial transactions annually. Our suite of dynamic products, built on a powerful, intelligent platform, enables real-time collaboration for success in a competitive, value-based care environment.
About Diameter Health
Diameter Health is the trusted partner for organizations seeking to realize the greatest value from clinical data. With unmatched clinical informatics expertise, only Diameter Health generates Upcycled Data: the cleanest, clearest, most precise data in the healthcare space. Diameter Health's automated, scalable technology transforms high volumes of multi-source clinical data into an interoperable and flexible data asset that drives better health outcomes and greater efficiency.Back to HCB News