Practo, the leading healthcare platform has acquired Enlightiks, a Bengaluru-based based provider of an advanced analytics platform, offering business intelligence (BI) solutions to healthcare enterprises.
The acquisition further strengthens Practo’s industry leading portfolio in the healthcare segment and augments existing solutions that includes appointment management with Qikwell and a full stack HIMS solution with Insta.
Enlightiks’ primary offering is called Querent, which is a business intelligence and predictive analytics platform providing actionable insights using complex mathematical, statistical, computational and cognitive models. This enables CXOs, optimize their business in real time from day one. Querent, can provide accurate predictions for key business metrics and help enterprises take actions proactively that can help make a positive impact on business decisions in the short to medium term.
The platform has an ability to read both structured and unstructured information and apply advanced machine learning and deep learning techniques to uncover hidden insights. It uses Natural Language Generation (NLG) technology to provide automated insights to the business user by analysing large volumes of information residing inside Hospital Information System (HIS) and other transactional systems. The platform also allows visual interpretation of information and generate useful insights for healthcare enterprises across various departments including operations, finance, quality, pricing, marketing, customer management and risk assessment.
Over 200 hospitals and clinics in India have already deployed this platform. Some of these include Apollo Sugar Clinics Ltd, Kokilaben Dhirubhai Ambani Hospital, Inamdar Multispecialty Hospital, Fernandez Hospitals, Eye-Q Vision, Sparsh Sandor Nephrocare Services, Ramesh Hospitals to name a few.
The entire team of 50 people from the Enlightiks will join Practo and will form the Analytics Business Unit within Practo which will be headed by Vamsi Chandra Kasivajjala, Co-Founder & CEO, Enlightiks.
“This is our 5th acquisition and 3rd in the enterprise space. This brings Practo closer to its vision of simplifying healthcare by providing end to end solutions for the entire eco-system. With Querent, we will be able to help CXOs make their enterprises run more efficiently which should improve the overall quality of care while making it more affordable. I am very pleased to welcome Vamsi and the Enlightiks team to Practo and look forward to delivering game changing improvements to our enterprise customers” said Shashank ND, Founder & CEO, Practo
“We chose Practo so that we can collaborate and work towards offering superior, comprehensive and integrated solutions for healthcare providers,” said Vamsi Chandra Kasivajjala, Co-Founder & CEO, Enlightiks.