Healthline Networks is a company that has a number of different offerings within the broader health technology space. It has a consumer subsidiary, Healthline.com, that delivers health information, news and resources to consumers alongside more enterprise-focused solutions that offer technology products for healthcare organizations. Healthline is adding to those businesses today with the formation of a new entity, Talix.
Talix takes Healthline's experience in the general health space and puts an analytics twist on it. The company delivers data analytics in order to enable healthcare organizations to turn structured and unstructured health data into actionable insights. The focus of the company today is in the risk adjustment space -- Talix offers tools that help providers, payers and accountable care organizations reduce costs and (hopefully) deliver better outcomes for their clients.
While it would be easy to assume that Talix is little more than a lightweight analytics overlay on top of Healthline's existing database, it would seem there is more to it than that. Healthline is transferring some of its own technologies to Talix, including its health graph (a semantic taxonomy), clinical natural language processing (NLP) technology, search technology and a configurable clinical rules database. All of these individual components jointly make up the Talix HealthDataEngine.
Talix’s Coding InSight application -- the first SaaS application in a planned suite of healthcare risk adjustment apps built on the Talix HealthData Engine -- enables provider and payer organizations to improve coding efficiency, optimize patient risk scoring and accurately realize reimbursements. Coding InSight delivers an automated method of analyzing patient data -- both structured and unstructured -- to uncover missed coding opportunities prospectively and retrospectively.
Talix already has runs on the board including customers who are some impressively big names in the healthcare space: Microsoft, IBM Watson, Aetna, UnitedHealth, Elsevier and AARP. I'd like to see Talix addressing problems more closely related to patient outcomes, but given the mass and complexity of health insurance, especially in the US market, maybe Talix has enough of an opportunity in this more limited space.
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