Practo acquihires BI startup Enlightiks to boost its offerings for healthcare enterprises

BANGALORE, INDIA: Online healthcare platform, Practo has acquihired Bangalore-based Enlightiks that offers business intelligence (BI) solutions to healthcare enterprises for an undisclosed amount.

Enlightiks’ primary offering is called Querent, which is a business intelligence and predictive analytics platform that provides actionable insights using complex mathematical, statistical, computational and cognitive models. Querent, can provide accurate predictions for key business metrics and help enterprises take actions proactively.

More than 200 healthcare centers including hospitals and clinics are on the Querent platform including 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 to name a few.

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.

“This is our 5^th acquisition and 3^rd 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,”  said Shashank ND, Founder & CEO, Practo.

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.

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 & CEO, Enlightiks.