Latest news with #AbhinavShashank
Yahoo
22-05-2025
- Business
- Yahoo
Innovaccer Launches ‘Innovaccer Gravity™': The Healthcare Intelligence Platform to Accelerate AI-Driven Transformation
New cloud-agnostic healthcare-native platform provides infrastructure and tools for healthcare organizations to scale AI adoption and drive faster ROI SAN FRANCISCO, May 22, 2025--(BUSINESS WIRE)--Innovaccer Inc., a leading healthcare AI company, today announced the launch of 'Innovaccer Gravity™', its Healthcare Intelligence Platform, designed to help organizations unlock the full value of their data and accelerate AI-driven transformation. Innovaccer Gravity™ seamlessly integrates healthcare enterprise data, enables cross-domain intelligence, and delivers faster return on investment (ROI), all while reducing total cost of ownership (TCO). Built on a modern, cloud-agnostic architecture with enterprise-grade security and compliance (HIPAA, HITRUST), Innovaccer Gravity™ unifies data from electronic health records (EHRs), claims, financial, operational, supply chain, HR and other core systems into a single source of truth. The platform's healthcare-native design, with 400+ pre-built connectors and 100+ FHIR resources, enables interoperability across clinical, operational, and financial domains, empowering leaders to drive better patient care, streamline operations, and improve financial performance. "Health systems are under unprecedented pressure to do more with less, from improving outcomes to optimizing operations, all while managing rising costs," said Abhinav Shashank, cofounder and CEO of Innovaccer. "Gravity is purpose-built to address these challenges. It unifies data, scales AI adoption, and activates real-time insights, enabling healthcare organizations to drive meaningful change, faster and more cost-effectively." Key capabilities of Innovaccer Gravity™ include: Unified Data Fabric: Integrates clinical, operational, and financial data into a single, trusted foundation with real-time alerts and actionable insights. AI-First Enterprise Intelligence Layer: Leverages Innovaccer's AI framework to provide pre-built foundational AI models (text-to-speech, speech-to-text, OCR, speech analytics) built for healthcare and customizable AI/ML workbenches. Low-Code/No-Code Self-Serve Tools: Empowers analysts, scientists, and developers to rapidly build and deploy agents, solutions using open APIs and self-service AI/ML capabilities. Build and Extend with Your Own Data and AI: Enables organizations to bring their own data, build custom analytics, develop AI models, and create tailored applications on top of Innovaccer's rich content library and pre-built assets. Enterprise-Grade Security & Governance: Ensures data integrity with built-in master data management, data governance, and cloud-agnostic scalability. Accelerated Time-to-Value: Reduces deployment timelines from months to weeks, driving faster adoption of business-critical use cases. Innovaccer Gravity™ is designed for health system leaders, including CFOs, CIOs, CTOs, and CDOs, who are seeking to modernize legacy infrastructure, improve operational efficiency, and demonstrate tangible ROI on data initiatives. With its future-proof architecture and healthcare-native intelligence, Gravity positions Innovaccer as the definitive platform for health systems seeking to accelerate digital transformation. Innovaccer Gravity™ beta is now available to health systems across the U.S, with general access in upcoming quarters. For more information about Innovaccer Gravity™, the Healthcare Intelligence Platform, visit About Innovaccer Innovaccer activates the flow of healthcare data, empowering providers, payers, and government organizations to deliver intelligent and connected experiences that advance health outcomes. The Healthcare Intelligence Cloud equips every stakeholder in the patient journey to turn fragmented data into proactive, coordinated actions that elevate the quality of care and drive operational performance. Leading healthcare organizations like CommonSpirit Health, Atlantic Health, and Banner Health trust Innovaccer to integrate a system of intelligence into their existing infrastructure— extending the human touch in healthcare. For more information, visit View source version on Contacts Press Contact:Arushi AwasthiInnovaccer 415-562-2139
Business Wire
22-05-2025
- Business
- Business Wire
Innovaccer Launches ‘Innovaccer Gravity
SAN FRANCISCO--(BUSINESS WIRE)--Innovaccer Inc., a leading healthcare AI company, today announced the launch of 'Innovaccer Gravity ™ ', its Healthcare Intelligence Platform, designed to help organizations unlock the full value of their data and accelerate AI-driven transformation. Innovaccer Gravity ™ seamlessly integrates healthcare enterprise data, enables cross-domain intelligence, and delivers faster return on investment (ROI), all while reducing total cost of ownership (TCO). Built on a modern, cloud-agnostic architecture with enterprise-grade security and compliance (HIPAA, HITRUST), Innovaccer Gravity ™ unifies data from electronic health records (EHRs), claims, financial, operational, supply chain, HR and other core systems into a single source of truth. The platform's healthcare-native design, with 400+ pre-built connectors and 100+ FHIR resources, enables interoperability across clinical, operational, and financial domains, empowering leaders to drive better patient care, streamline operations, and improve financial performance. 'Health systems are under unprecedented pressure to do more with less, from improving outcomes to optimizing operations, all while managing rising costs,' said Abhinav Shashank, cofounder and CEO of Innovaccer. 'Gravity is purpose-built to address these challenges. It unifies data, scales AI adoption, and activates real-time insights, enabling healthcare organizations to drive meaningful change, faster and more cost-effectively.' Key capabilities of Innovaccer Gravity ™ include: Unified Data Fabric: Integrates clinical, operational, and financial data into a single, trusted foundation with real-time alerts and actionable insights. AI-First Enterprise Intelligence Layer: Leverages Innovaccer's AI framework to provide pre-built foundational AI models (text-to-speech, speech-to-text, OCR, speech analytics) built for healthcare and customizable AI/ML workbenches. Low-Code/No-Code Self-Serve Tools: Empowers analysts, scientists, and developers to rapidly build and deploy agents, solutions using open APIs and self-service AI/ML capabilities. Build and Extend with Your Own Data and AI: Enables organizations to bring their own data, build custom analytics, develop AI models, and create tailored applications on top of Innovaccer's rich content library and pre-built assets. Enterprise-Grade Security & Governance: Ensures data integrity with built-in master data management, data governance, and cloud-agnostic scalability. Accelerated Time-to-Value: Reduces deployment timelines from months to weeks, driving faster adoption of business-critical use cases. Innovaccer Gravity ™ is designed for health system leaders, including CFOs, CIOs, CTOs, and CDOs, who are seeking to modernize legacy infrastructure, improve operational efficiency, and demonstrate tangible ROI on data initiatives. With its future-proof architecture and healthcare-native intelligence, Gravity positions Innovaccer as the definitive platform for health systems seeking to accelerate digital transformation. Innovaccer Gravity ™ beta is now available to health systems across the U.S, with general access in upcoming quarters. For more information about Innovaccer Gravity ™, the Healthcare Intelligence Platform, visit About Innovaccer Innovaccer activates the flow of healthcare data, empowering providers, payers, and government organizations to deliver intelligent and connected experiences that advance health outcomes. The Healthcare Intelligence Cloud equips every stakeholder in the patient journey to turn fragmented data into proactive, coordinated actions that elevate the quality of care and drive operational performance. Leading healthcare organizations like CommonSpirit Health, Atlantic Health, and Banner Health trust Innovaccer to integrate a system of intelligence into their existing infrastructure— extending the human touch in healthcare. For more information, visit
Forbes
22-05-2025
- Business
- Forbes
This Digital Health Startup Wants To Help Hospitals Make Sense Of All Their Tech
Innovaccer cofounder and CEO Abhinav Shashank AI chatbots. Scribing tools. Insurance claims software. Electronic health records. Abhinav Shashank, cofounder and CEO of digital health startup Innovaccer, looks at all the new technology for healthcare providers and hospital systems and sees a big problem. 'Healthcare is the only place where technology came in and everything became more inefficient,' Shashank told Forbes. The problem is that large healthcare systems, which may have dozens of hospitals and thousands of physicians, often have lots of data and a variety of tools to manage it, but no easy way to put them all together. 'We really felt that in every part of our lives we have better technology,' he said. 'Our Uber driver has better technology than our doctors do.' Today, Innovaccer unveiled its solution to that problem: A new software platform called Gravity that's designed to be a one-stop shop for all of those disparate tools and vast amounts of healthcare data. Now, instead of needing to log into different portals and websites over and over again, Gravity acts as a gateway to all of them — almost like a web browser, but for health tools and data instead of the internet. Gravity has more than 400 pre-built connectors, which can pull in data from electronic health records, insurance claims and elsewhere. All that data is then accessible to a palette of AI tools, which are also available for doctors and hospital administrators to tap into from the same interface. Shashank hopes that Gravity will be 'the platform of all platforms,' helping hospitals avoid spending millions of dollars to integrate all their technology. The goal: better patient care, more efficient operations and better financial performance. Gravity is currently in beta with two customers (which the company declined to identify), and Innovaccer is now in conversations with dozens more health systems about its potential, Shashank told Forbes. Innovaccer declined to disclose pricing for Gravity, but said it will be based on consumption. The launch of the cloud-based product comes just four months after San Francisco-based Innovaccer raised a whopping $275 million funding round that valued the company, which makes a suite of software products for managing patient care and hospital operations, at $3.45 billion. That investment, which brought its total funding to $675 million, was the largest so far this year for a digital health startup. Its investors include industry heavyweights Kaiser Permanente, Banner Health and the venture arm of life sciences firm Danaher, as well as B Capital, Tiger Global and Abu Dhabi state fund Mubadala. Innovaccer isn't the only one to see the problem of data fragmentation across a proliferation of disparate tools in healthcare. Epic, the goliath of healthcare recordkeeping, and data-analytics giant Palantir, as well as a slew of venture-backed startups are tackling healthcare information overload too. Shashank figures that there's room for a company that's built from the ground up to fix this problem. The global market for pulling all these parts together ('healthcare interoperability solutions,' in the lingo) is forecast to rise from $4 billion last year to $14.5 billion in 2034, according to Precedence Research. 'What you need is this infrastructure that allows for these applications to coexist and exchange information,' Shashank said. Shashank, 36 and a 2017 alum of the Forbes 30 Under 30 Asia list, grew up in Lucknow, a city in the northern Indian state of Uttar Pradesh, and studied mechanical engineering at the Indian Institute of Technology at Kharagpur. He was fresh out of school and working in India for Ingersoll Rand, developing 'smart home' management software, when he had an idea for how similar technology could be used in a variety of different industries. 'I went to the CEO of Ingersoll Rand at that point and said, 'I want to start this company,'' Shashank said. In winter 2014, with the blessing of Ingersoll Rand and $3.5 million in seed money, Shashank and his cofounders—Kanav Hasija (the company's chief product officer) and Sandeep Gupta (chief operations officer)—began building out Innovaccer's data analytics platform. They signed up Disney and NASA as early customers. Then they started meeting healthcare organizations and saw just how fragmented patient data is. So after raising $20 million in 2016, they shuttered their existing business to focus exclusively on healthcare. 'That was not a fun board meeting,' Shashank recalled. 'The investors said, 'If you have conviction, we'll back you.' But I am sure they were panicked.' It was a big risk, but it worked. To learn more about the U.S. healthcare system, Shashank and his cofounders lived at Mercy Medical Center in Des Moines, Iowa, for more than four months, and asked lots of questions. They saw firsthand how doctors needed a single point of access for healthcare data and the tools to analyze it. So they started building software to help, rolling out solutions for patient management, insurance support and physician insights. Word of their work at Mercy soon spread from that Iowa hospital to others in Nebraska and Texas and California, despite Innovaccer having just a handful of salespeople. Innovaccer signed on Kaiser, Banner Health, Orlando Health and others as customers. Today, it claims to have more than 200 customers, including seven of the top 10 health systems. Shashank's engineering background gives Innovaccer an advantage, said Murali Venkatesan, head of Danaher Ventures, which invested in the company in January. He explained that because Innovaccer incorporates information from Epic and other electronic health records systems, as well as data sets from the lab and elsewhere, it's a lot easier to search across it to find answers. The company has lined up nearly $200 million in signed contracts on an annualized basis, and Shashank said he hopes to reach $230 million to $250 million by yearend. (The company declined to disclose actual revenue.) Shashank laughs when asked what he expected in the early days. 'My initial thought was if it gets to $10 million we would be kings,' he said. Innovaccer started building out Gravity's AI-enabled software last year. As AI tools such as scribing apps for doctors proliferated, hospitals had become awash in different pieces of new technology that had trouble working together, Shashank explained. 'They were getting bombarded,' he said. As Innovaccer builds out Gravity, Shashank hopes to integrate technology that ranges from prior authorization automation to post-surgery care. Rather than creating all these tools itself, the plan is to open up the platform to applications, including those created by the hospitals themselves. Shashank figures that fixing healthcare's technology backbone will help with the overwhelming amount of waste in the U.S. healthcare system, with 2019 estimates published in JAMA putting it as high as $935 billion per year. 'I think as an industry we should hold AI accountable to get $1 trillion of waste reduced. It's doable,' he said. MORE FROM FORBES
Yahoo
16-05-2025
- Business
- Yahoo
NAACOS and Innovaccer Latest Report Shows 64% of Healthcare Leaders Expect Revenue Gains from Value-Based Care in 2025
New research explores the evolving landscape, key investment priorities, and adoption barriers shaping value-based care in the U.S. SAN FRANCISCO, May 16, 2025--(BUSINESS WIRE)--Innovaccer Inc., a leading healthcare AI company, in collaboration with the National Association of ACOs (NAACOS), today announced the release of their joint report, "The State and Science of Value-Based Care 2025." Based on a nationwide survey of 168 healthcare leaders across 142 organizations, the study uncovers the progress, pain points, and investment signals driving value-based care (VBC) strategies forward. As the healthcare industry moves toward outcomes-based models, 64% of surveyed organizations expect a positive revenue shift from value-based care in 2025, marking a sharp increase in confidence despite ongoing structural and operational challenges. "As the shift to value-based care accelerates, the research highlights a critical truth: successful transformation demands more than just intent, it requires deep investments in data, technology, and partnerships," said Abhinav Shashank, cofounder and CEO of Innovaccer. "This joint report with NAACOS provides clarity and direction for healthcare leaders navigating the complexities of modern reimbursement models." Key findings in the report include: 64% of healthcare organizations expect higher VBC-driven revenue in 2025 compared to 2024. 87% of respondents cite financial risk as the top barrier to adoption, followed by provider readiness (80%), lack of interoperability (75%), and high technology cost (67%). 74% say greater financial support and incentives would significantly accelerate adoption. 70% express optimism about AI's role in enabling predictive analytics and scaling VBC strategies. "At the foundation of accountable care and population health management lies the strategic use of integrated data that drives insights and action," said Emily D. Brower, President and CEO of NAACOS. "This comprehensive approach enables a deeper understanding of community, population, and individual patient needs. This report highlights how technology, collaboration, and infrastructure can support providers in accountable care to drive innovation in care delivery." The report also highlights how high-performing organizations are laying the foundation for long-term VBC success through unified data platforms, advanced analytics, and integrated care delivery solutions. Download the full report here. About Innovaccer Innovaccer activates the flow of healthcare data, empowering providers, payers, and government organizations to deliver intelligent and connected experiences that advance health outcomes. The Healthcare Intelligence Cloud equips every stakeholder in the patient journey to turn fragmented data into proactive, coordinated actions that elevate the quality of care and drive operational performance. Leading healthcare organizations like CommonSpirit Health, Atlantic Health, and Banner Health trust Innovaccer to integrate a system of intelligence into their existing infrastructure— extending the human touch in healthcare. For more information, visit View source version on Contacts Press Contact: Arushi AwasthiInnovaccer 415-562-2139 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
16-05-2025
- Business
- Business Wire
CORRECTING and REPLACING LOGO: NAACOS and Innovaccer Latest Report Shows 64% of Healthcare Leaders Expect Revenue Gains from Value-Based Care in 2025
SAN FRANCISCO--(BUSINESS WIRE)--Please replace the logo with the accompanying corrected logo. The release reads: NAACOS AND INNOVACCER LATEST REPORT SHOWS 64% OF HEALTHCARE LEADERS EXPECT REVENUE GAINS FROM VALUE-BASED CARE IN 2025 New research explores the evolving landscape, key investment priorities, and adoption barriers shaping value-based care in the U.S. Innovaccer Inc., a leading healthcare AI company, in collaboration with the National Association of ACOs (NAACOS), today announced the release of their joint report, ' The State and Science of Value-Based Care 2025.' Based on a nationwide survey of 168 healthcare leaders across 142 organizations, the study uncovers the progress, pain points, and investment signals driving value-based care (VBC) strategies forward. As the healthcare industry moves toward outcomes-based models, 64% of surveyed organizations expect a positive revenue shift from value-based care in 2025, marking a sharp increase in confidence despite ongoing structural and operational challenges. 'As the shift to value-based care accelerates, the research highlights a critical truth: successful transformation demands more than just intent, it requires deep investments in data, technology, and partnerships,' said Abhinav Shashank, cofounder and CEO of Innovaccer. 'This joint report with NAACOS provides clarity and direction for healthcare leaders navigating the complexities of modern reimbursement models.' Key findings in the report include: 64% of healthcare organizations expect higher VBC-driven revenue in 2025 compared to 2024. 87% of respondents cite financial risk as the top barrier to adoption, followed by provider readiness (80%), lack of interoperability (75%), and high technology cost (67%). 74% say greater financial support and incentives would significantly accelerate adoption. 70% express optimism about AI's role in enabling predictive analytics and scaling VBC strategies. 'At the foundation of accountable care and population health management lies the strategic use of integrated data that drives insights and action,' said Emily D. Brower, President and CEO of NAACOS. 'This comprehensive approach enables a deeper understanding of community, population, and individual patient needs. This report highlights how technology, collaboration, and infrastructure can support providers in accountable care to drive innovation in care delivery.' The report also highlights how high-performing organizations are laying the foundation for long-term VBC success through unified data platforms, advanced analytics, and integrated care delivery solutions. Download the full report here. About Innovaccer Innovaccer activates the flow of healthcare data, empowering providers, payers, and government organizations to deliver intelligent and connected experiences that advance health outcomes. The Healthcare Intelligence Cloud equips every stakeholder in the patient journey to turn fragmented data into proactive, coordinated actions that elevate the quality of care and drive operational performance. Leading healthcare organizations like CommonSpirit Health, Atlantic Health, and Banner Health trust Innovaccer to integrate a system of intelligence into their existing infrastructure— extending the human touch in healthcare. For more information, visit
