ALPHARETTA, Ga.--(BUSINESS WIRE)--Ciox, a leading health technology company, today announces the general availability of Ciox HealthSource Vault, a HITRUST and HIPAA compliant, patient-centric clinical data repository designed from the ground up to help solve the clinical data illiquidity challenge in U.S. healthcare. Vault is a cloud-based data warehouse solution that translates a variety of structured and unstructured sources into a single longitudinal view. Vault sits on top of Ciox’s clinical data exchange chassis and helps payers, providers, employers, life science companies and government agencies turn raw clinical data into actionable insights.
Patient data resides in multiple systems and in a variety of structured and unstructured formats, leaving digital and analog fragments of a person’s clinical picture across the healthcare system. Without systemic interoperability, organizations struggle to access the authorized clinical data they need to run programs that are critical to patient care. Multiple departments within the same organization repeatedly request the same clinical data about a person. HealthSource Vault stitches those digital fragments together over time to help key stakeholders drive better outcomes.
Vault’s HITRUST, multi-tenancy architecture ingests, translates and parses a wide variety of EMR and claims information, health assessments and other data sources. Vault’s advanced algorithms then connect data fragments using native patient identifiers from source systems. The platform’s functionality is enhanced by Ciox’s Smart Chart, a product that leverages optical character recognition (OCR), natural language processing (NLP) and machine learning (ML) to identify and extract health data from unstructured medical records and supplemental data feeds, aggregating a patient’s medical history into a longitudinal digital profile stored in Vault. The Vault platform offers native customizable dashboards and also allows client applications and business intelligence tools to call structured data via standard APIs.
Vault also helps clients significantly improve financial and clinical outcomes. For example, health plans need a longitudinal view for members to improve the quality of care and drive effective interventions, such as more accurate health risk levels, conditions, providers visited, medications and procedures. Similarly, life science companies need a longitudinal view of a patient to execute effective and efficient observational and interventional studies, and providers need that view to participate in risk arrangements across disparate systems.
“There is a void in the healthcare data landscape when it comes to getting the right information to make a better decision at the right time,” says Mike Connolly, President, Ciox. “The answer to providing more consistent care and developing better therapies is to derive better insights from clinical data. HealthSource Vault aims to transform the way organizations access authorized patient information to enable multiple use cases not only for health plans, life sciences, and government, but for any organization responsible for enhancing patient health.”
About Ciox
Ciox is a health technology company working to solve the clinical data illiquidity challenge, providing transparency across the healthcare ecosystem and helping clients manage disparate medical records. When stakeholders do not have timely access to the complete clinical picture of patients, critical decisions about patient care, medical outcomes research, disease prevention, reimbursement, and payments are sub-optimized. Ciox’s scale, expertise, expansive provider network and industry-leading technology platform make it the most reliable clinical data company in the U.S. Through its standards-based technology platform, HealthSource, Ciox helps clients securely and consistently solve the last mile challenges in clinical interoperability. Learn more about Ciox's technology and solutions by visiting www.ciox.com or Twitter and LinkedIn.
