Bengaluru-based online healthcare platform Practo has acquired advanced analytics platform Enlightiks for an undisclosed amount.
Post-acquisition, the entire team of 50 people from 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.
Shashank ND, Founder & CEO, Practo said, “This is our fifth acquisition and third 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” –
Based in Bengaluru, Enlightiks was founded in 2012 by Shilpa Peri, Venkatesh Pagidimarri, Dr. Bas Nair and Vamsi Chandra Kasivajjala. The founding team was later joined by Shaunak Joshi and Sunil Kondala.
It offers business intelligence (BI) solutions to healthcare enterprises. Its 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 to optimise 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.
As claimed in an official statement by the company, more than 200 healthcare centres including hospitals and clinics across the nation have already deployed this platform. The list of clients includes names such as 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 and more.
“Enlightiks is thrilled to join Practo. We share the same passion for democratising healthcare access for billions of people where business intelligence and analytics are critical. We chose Practo so that we can collaborate and work towards offering superior, comprehensive and integrated solutions for healthcare providers. I look forward to working with Shashank and the Practo team in realising our shared vision of transforming healthcare,” said co-founder Vamsi.
The acquisition further strengthens Practo’s industry leading portfolio in the healthcare enterprise segment and augments existing solutions that include appointment management with Qikwell and a full stack HIMS solution with Insta.
In 2015, Practo acquired four healthcare startups – Instahealth, Qikwell Technologies, Genii Technologies and Fitho.
