Machine Learning Connecting Data to Outcomes

healthrecoverysolutions.com | March 11, 2020

There are innumerable ways in which machine learning and big data are starting to impact the healthcare industry. Artificial Intelligence (AI) can ease clinician workload by helping aid decision-making. This can include predicting which patients are most at-risk of a readmission, detecting anomalies like tumors in imaging data, and/or predicting heart conditions from smart watch data.Machine learning algorithms are any algorithms that are not explicitly programmed and instead use a large training dataset to allow the computer to learn its own rules for making predictions. Linear regression is an example of a basic ML algorithm.In this post, we discuss how machine learning can help clinicians select which patients to put on telehealth and determine the day-to-day interventions for those telehealth patients.Two recent papers have shown that machine learning can help clinicians using telehealth to:Select patients for telehealth by automatically applying an algorithm on EMR data this can save an estimated $30k per 100 patients by reducing readmissionsReplace conventional risk alerts with an algorithm which can reduce readmissions and nursing costs by 40% and decrease the overall number of readmissions.Setting up your workflow to allow for a risk analysis before choosing which patients to put on telehealth can impact outcomes and cost. At HRS, we are working on enhancing our risk alert system to help the clinicians using the HRS system choose which patients to focus on.

Spotlight

What constitutes a “high-performing” accounts payable department? Benchmarks are often based on specific metrics such as how much it costs to pay each invoice or how long it takes to move an invoice from receipt to payment. These metrics are useful, but they tell only part of the story. Without true analytics, AP invoice processing isn’t providing its full value to the business. When data insights are applied to AP automation, attention can be shifted from tactical benefits to more strategic ones. Access to data intelligence can help organizations optimize their working capital, improve the ability to meet contractual obligations, and fuel process improvements.

Spotlight

What constitutes a “high-performing” accounts payable department? Benchmarks are often based on specific metrics such as how much it costs to pay each invoice or how long it takes to move an invoice from receipt to payment. These metrics are useful, but they tell only part of the story. Without true analytics, AP invoice processing isn’t providing its full value to the business. When data insights are applied to AP automation, attention can be shifted from tactical benefits to more strategic ones. Access to data intelligence can help organizations optimize their working capital, improve the ability to meet contractual obligations, and fuel process improvements.

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BUSINESS INTELLIGENCE

Clearlake Capital to Acquire Global Cybersecurity, Data Intelligence and IT Operations Management Software Leader Quest from Francisco Partners

Quest | November 29, 2021

Quest Software , a global cybersecurity, data intelligence, and IT operations management software provider, announced it signed a definitive agreement with Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) to acquire the Company from Francisco Partners. Patrick Nichols, current CEO of Quest, will continue to lead the Company supported by the existing executive management team. Upon closing of the transaction, Clearlake will become the majority shareholder in Quest. The terms of the transaction were not disclosed. “We have long admired Quest as a leading identity-centric cybersecurity, data intelligence, and IT operations management software platform and the Company’s software solutions that help secure enterprise IT environments,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. “We are excited to partner with Patrick and Carolyn McCarthy, Quest’s CFO, to utilize Clearlake’s O.P.S.® framework to help the Company strengthen its strategic growth plans including best practices to accelerate cloud/SaaS adoption and support its buy-and-build strategy.” "IT teams worldwide rely on Quest to help them solve critical challenges that enable business growth and address crucial strategic initiatives. Quest has evolved to become a market leader in identity-centric cybersecurity, data intelligence, and IT operations management and I want to thank Francisco Partners for helping Quest realize this vision. Our new partnership with Clearlake will accelerate Quest's momentum as a leader and innovator as we increase our investment pace in our core product roadmaps, cloud/SaaS offerings, and global presence. We will continue to expand our customer base as computing environments and related management, modernization, and security challenges, become more complex.” Patrick Nichols, CEO of Quest “We are proud of the tremendous progress Quest has made since re-launching as an independent company, and I want to recognize Patrick Nichols and the management team for strong execution,” said Dipanjan “DJ” Deb, Co-Founder and CEO of Francisco Partners. “We have a long and successful track record executing divisional carve-out transactions and are grateful to have had the opportunity to work with the Quest team to create value for the company, its customers, and its partners. We wish the Quest organization well in their new partnership with Clearlake.” Founded in 1987, Quest Software has built a reputation over three decades as a critical software solution provider for security-sensitive customers and a leader of innovation addressing rapidly evolving risks and security threats. Quest enables today's edgeless IT ecosystem – across people, applications, and data to endpoints – allowing customers to maintain controls, mitigate and contain security threats proactively, and maintain operational up-time while decreasing costs. Quest's key business segments include: One Identity and OneLogin, making Quest the only identity-centric cybersecurity software vendor providing industry-recognized leading solutions across all aspects of a unified identity security and management approach crucial to taming identity sprawl and addressing identity-based attacks. Platform Management for Microsoft®, which provides software for IT operations resilience and flexibility while enabling organizations to stay in control by securing and managing Active Directory. Information Management and erwin by Quest, a pioneer and leading provider of data operations and intelligence software solutions that modernize infrastructure, optimize performance and deliver applications faster, with offerings including Toad for Oracle®, erwin Data Modeler, erwin Data Intelligence, Foglight, ApexSQL and SharePlex®. Data protection and endpoint management software solutions to control data growth and optimize system availability with NetVault, QoreStore, and Kace® offerings. “It has been a pleasure partnering with Patrick and the entire management team at Quest in scaling the business both organically and through strategic acquisitions,” said Brian Decker, Partner and Christine Wang, Principal at Francisco Partners. “Since our partnership with the Company, Quest has evolved to become an innovative leader in the cybersecurity, data intelligence and IT operations management markets delivering significant value to its customers and partners.” “With a robust portfolio of market-leading software and SaaS solutions alongside a rich history of product innovation, we believe Quest is well positioned to capitalize on emerging growth trends in identity-centric cybersecurity, data intelligence and IT operations management software markets,” said Prashant Mehrotra, Partner, and Paul Huber, Principal at Clearlake. “Now with significant scale and completely independent, Quest is strategically differentiated in the market as a buy-and-build platform and industry consolidator, and we’re thrilled to partner with Patrick, Carolyn and the management team to help Quest accelerate growth organically and through M&A.” The transaction is expected to close in the first quarter of 2022, pending customary regulatory approvals and closing conditions. Goldman Sachs acted as sole lead financial advisor to Quest. J.P. Morgan also acted as financial advisor and Paul Hastings LLP acted as legal advisor to Quest. Silicon Valley Tech Investment Bank and Morgan Stanley along with BoA Securities, Barclays, Evercore, and William Blair acted as financial advisors to Clearlake. Sidley Austin LLP acted as legal advisor to Clearlake. Goldman Sachs, Morgan Stanley, BoA Securities, Barclays, Credit Suisse, BMO Capital Markets and Citigroup provided committed debt financing for the transaction. About Quest Quest creates software solutions that make the benefits of new technology real in an increasingly complex IT landscape. Quest helps customers solve their next IT challenge, from database and systems management to Active Directory and Office 365 management and cybersecurity resilience. Around the globe, managing over 250 million identities, more than 100,000 customers, 15,000 partners and 97 of the Fortune 100 count on Quest to deliver proactive management and monitoring for the next enterprise initiative, find the next solution for complex Microsoft challenges, and stay ahead of the next threat. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $55 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. About Francisco Partners Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.

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BIG DATA MANAGEMENT

Converge Technology Solutions Corp. Acquires LPA Software Solutions

Converge Technology Solutions Corp. | October 04, 2021

Converge Technology Solutions Corp. a software-enabled IT & Cloud Solutions provider, is pleased to announce it has acquired business data analytics firm, LPA Software Solutions, LLC (“LPA”). Headquartered in Rochester, NY with personnel in Upstate New York, Dallas, Houston, Charlotte, Boston, Pittsburgh, and Columbus, LPA provides business analytics solutions and professional services in analytics, data science, artificial intelligence, financial performance management, data governance, data integration, location analytics, and data sets. Designated as one of the full-service IBM Platinum Partners that sells, understands, and implements IBM Business Analytics software, LPA proudly supports hundreds of clients and numerous successful implementations across ten major industries. “LPA Software Solutions looks forward to joining the Converge family of companies to expand the capabilities, skills, and products we will be able bring to our existing and new clients. The extensive reach and experience of Converge combined with LPA Software Solutions’ many years of deep expertise will provide clients with broad, industry-based analytics capabilities.” Scott Hopkins, President and CEO of LPA Software Solutions “Converge is excited to add LPA Software Solutions to our ever-expanding team and array of solution capabilities,” stated Shaun Maine, CEO of Converge. “With 20+ years’ experience serving clients in the analytics space, we’re looking forward to folding in LPA’s advanced analytics knowledge and skills to our current offerings and are excited to grow Converge’s business intelligence, data, and AI practices alongside their team. LPA will enable us to continue to scale and grow our advanced analytics practice across North America.” LPA marks the twenty-fourth acquisition completed by Converge since October 2017. Converge’s family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc.; Lighthouse Computer Systems, Inc.; Software Information Systems LLC.; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions PCD, Inc.; Unique Digital, Inc.; Workgroup Connections, Inc.; Vivvo Application Studios LTD.; Vicom Computer Services, Inc.; CarpeDatum LLC; Accudata Systems, Inc.; Dasher Technologies, Inc.; ExactlyIT, Inc.; REDNET AG; Vicom Infinity, Inc.; and Infinity Systems Software, Inc. About LPA LPA Software Solutions, LLC (“LPA”) provides consulting and professional services for AI, Business Intelligence (BI), Location Intelligence, Predictive Analytics, IoT, Geomapping, Data Prep, and Data Cleansing. LPA is a distinguished IBM Platinum Business Partner, assisting clients with software and services for Cognos Analytics, Planning Analytics for Financial Performance Management, Location Analytics, and IBM SPSS for Predictive Analytics. LPA helps organizations harness the power of data and information by developing solutions that ease the acquisition, sharing, and flow of data across the enterprise. LPA solutions help take the guesswork out of decision-making by arming executives, managers, and end-users with the insights they need to make fact-based assessments. About Converge Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, and cybersecurity offerings to clients across various industries. The Company supports these solutions with managed services, digital infrastructure, and talent expertise offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors.

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Versiant Corporation Expands its Relationship with North Carolina Ports to Deliver a Comprehensive Data-Analytics-as-a-Service Solution

Versiant | October 14, 2020

Versiant Corporation, a Charlotte, North Carolina-based and North American-focused technology services provider, announced today that it is expanding its relationship with North Carolina Ports to deliver a comprehensive data-analytics-as-a-service (DAaaS) solution. This solution eliminates the time-consuming, manual process of aggregating information from across North Carolina Ports' multiple business systems and Morehead City and Wilmington terminals.

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