Practo, a healthcare platform, announced the acquisition of Enlightiks, a Bangalore based provider of an advanced analytics platform, offering business intelligence (BI) solutions to healthcare enterprises. The acquisition strengthens Practo’s portfolio in the healthcare enterprise 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 mathematical, statistical, computational and cognitive models. This enables CXOs to optimize their business in real time from day one. Querent, can provide predictions for business metrics and help enterprises take actions that can help make an impact on business decisions in the short to medium term.
The platform has an ability to read both structured and unstructured information and apply 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 analyzing 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. Today, more than 200 healthcare centers including hospitals and clinics across the nation have already deployed this platform. Some of the customers of Enlightiks include Apollo Sugar Clinics Ltd, Kokilaben Dhirubhai Ambani Hospital, Inamdar Multispecialty Hospital, Fernandez Hospitals Pvt Ltd, Eye-Q Vision Pvt Ltd, Sparsh Sandor Nephrocare Services Pvt Ltd, Ramesh Hospitals.
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 and CEO, Enlightiks.
This is Practo’s fifth acquisition and third in the enterprise space.
