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Rapid Care, an AI-driven healthcare technology company, has acquired DeepDoc, an advanced AI platform specializing in medical record analysis and summarization. This move enhances Rapid Care's capabilities in handling unstructured clinical data for insurance, medicolegal, and healthcare operations.
Quick Intel
Rapid Care has completed the acquisition of DeepDoc, an innovative artificial intelligence platform designed to tackle the challenges of processing large volumes of unstructured medical records. DeepDoc employs machine learning, generative AI, and data intelligence to automate the extraction, organization, and summarization of complex clinical documentation. This results in highly accurate, concise summaries that are easily searchable, achieving accuracy levels exceeding 99 percent and dramatically cutting down on time-intensive manual reviews.
The DeepDoc technology finds strong adoption in the insurance and medicolegal sectors, where it streamlines critical processes such as claims processing, independent medical examinations, utilization review, and preparation for legal cases. By structuring essential clinical information, it empowers organizations to make quicker, better-informed decisions and effectively handle administrative demands at scale.
"DeepDoc represents a powerful combination of advanced AI and deep healthcare domain expertise," said Venkat Laxman, President and CEO of Rapid Care. "Its ability to rapidly synthesize complex medical records into accurate, actionable summaries delivers immediate value to our customers and aligns with our mission to remove friction across healthcare workflows."
This strategic acquisition bolsters Rapid Care's expanding suite of AI-powered tools aimed at optimizing the entire patient-to-payment continuum, enhancing decision support for both clinical and administrative functions, and driving greater operational efficiency throughout the healthcare ecosystem.
"This acquisition represents a strategic step forward as we continue to execute our vision of delivering intelligent, end-to-end solutions for healthcare operations," Laxman added. "DeepDoc accelerates our AI roadmap, enhances our technical capabilities, and positions us to deliver smarter, faster, and more scalable solutions to the markets we serve."
The integration of DeepDoc builds on Rapid Care's recent growth through acquisitions, including iMedx in 2023 for revenue cycle management and clinical documentation leadership, and Eagle Eye Transcription in 2022 for transcription services in medical examinations and workers' compensation. Through this continued investment in advanced AI, Rapid Care advances the modernization of healthcare processes, lightens administrative loads, and supports improved outcomes for providers, payers, and partners.
About Rapid Care
Rapid Care provides advanced healthcare information management solutions that help healthcare, insurance, and legal organizations operate with greater accuracy and efficiency. With more than 25 years of global experience, the company combines AI-enhanced technology with human expertise across medical coding, clinical documentation, medical records review, revenue cycle management, and data analytics. Supported by more than 2,200 professionals across four continents, Rapid Care delivers secure, scalable solutions that drive measurable operational and financial impact.
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