TurningPoint Healthcare Solutions, a company specialising in condition management services, has acquired health technology provider Fairway Health for an undisclosed amount.
Fairway Health offers AI-powered tools designed to optimise complex clinical workflows.
Go deeper with GlobalData
The company was founded by Moses Im, Grace Wang, and Joseph Chen, serving as its CEO, chief technology officer, and chief procurement officer, respectively, with support from startup accelerator Y Combinator.
The three co-founders’ vision of introducing HIPAA-compliant generative AI models has positioned Fairway Health as a pioneer in tackling intricate healthcare challenges, the company said.
With the latest acquisition, TurningPoint aims to leverage Fairway Health’s clinical expertise to enhance the healthcare experience for providers by addressing clinical and administrative challenges more effectively.
Fairway Health has expertise in deploying large language models (LLMs) and generative AI, which can be instrumental in managing the complex healthcare documentation associated with patient care.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThis technology integration is expected to expedite care delivery, enhance healthcare outcomes, and reduce administrative burdens for providers, particularly in the management of speciality conditions and around $4bn in healthcare costs overseen by TurningPoint.
Additionally, Fairway Health’s acquisition promises immediate benefits for TurningPoint’s health plan clients as well as provider partners, with a focus on AI-enabled workflow efficiencies.
TurningPoint CEO Eric Pezzi said: “The Fairway Health acquisition is a significant milestone for TurningPoint in our commitment to drive innovation and maximise value across the healthcare continuum.
“Together, we will support and empower providers to deliver safe, affordable, and high-quality care with greater efficiency. The burdens and friction providers face during the prior authorisation process are many, and we believe that the Fairway Health acquisitions will define new ways to collaborate with providers.”
With a presence in all 50 states and managing nearly $4bn in healthcare costs, TurningPoint supports health plan members across various clinical conditions, including cardiology, sleep disorders, wound care, ENT, musculoskeletal, and more.
