BurstIQ Brings $90 Million Case Study to Blockchain Through Intermountain Healthcare Spin-Off Empiric Health

BurstIQ’s blockchain platform will expand Empiric’s capabilities to include secure big data and machine intelligence for enterprises

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| Source: BurstIQ

DENVER, Nov. 14, 2017 (GLOBE NEWSWIRE) -- BurstIQ, Inc., a leading healthcare blockchain data company, announced today the first mainstream OEM blockchain data record integration for Intermountain Healthcare with strategic partner Empiric Health. The Utah-based healthcare giant has already realized more than $90 million in savings using the Empiric technology (formerly known as ProComp) to identify operational efficiencies across the Intermountain Healthcare system. BurstIQ’s proprietary blockchain-based big data platform enables Empiric to securely manage customers’ data at scale and perform advanced analytics using the platform’s machine learning and collaborative intelligence capabilities. Moreover, this marks the first time healthcare data and records have been stored and managed on blockchain, making BurstIQ’s proprietary blockchain platform the industry's leading HIPAA-compliant secure data platform.

The inherent benefits of blockchain can now be leveraged by large enterprises seeking more secure alternatives to traditional data management systems.   The adoption of the BurstIQ platform by mainstream enterprise-level institutions marks a long-awaited proof point for the blockchain industry.

Empiric Health will use the BurstIQ platform to securely manage clinical and operational data and to perform advanced analytics using the platform’s machine learning capabilities. “The BurstIQ blockchain platform enables us to take our analytics capabilities to a deeper level - and to do it at scale,” says Rick Adam, CEO of Empiric Health.

Frank Ricotta, CEO of BurstIQ, sees the partnership as a critical piece of the company’s long-term vision. “Our goal is to help providers, health systems, companies, researchers and consumers get the most out of their data, and our partnership with Empiric Health fits perfectly with this goal. Their methodology has a proven track record of reducing costs and improving clinical outcomes for large health systems, and we’re helping them take it to the next level. It’s a natural fit.”

About BurstIQ
BurstIQ ™ is a leading healthcare blockchain data company. The company offers a HIPAA-compliant OEM B2B platform that seamlessly leverages blockchain technology through machine intelligence to enable healthcare businesses and individuals to access, understand, and control their health data.  The BurstIQ OEM B2C Ecosystem allows for new monetization of individual and business data to transact through a network of marketplaces for personalized products and services, value-added B2B services, research opportunities, and peer-to-peer networks. The BurstIQ platform and Ecosystem work together to improve the advanced security of big health data, increase health access and personal empowerment, reduce healthcare costs, and enable new insights and care models. It’s not just your data. It’s your life.

Visit BurstIQ to learn more: www.BurstIQ.com.

About Empiric Health
Empiric Health is a technology-enabled service platform that lowers cost and improves outcomes for health system customers through data-driven physician practice change. Empiric differentiates with a proprietary comparative analytics methodology and proven ability to change physician behavior, so that care providers can understand and optimize for high value, episodic care. For more information, visit empirichealth.com.

Contacts:

PR & Media Contact:
Matthew Bird
CEO @1800pr
1-800-PublicRelations
O: 646.248.7676
E: matt.bird@1800pr.com

BurstIQ:
Amber Hartley
Chief Corporate Development Officer
E: amber.hartley@burstiq.com
W: www.burstIQ.com

Empiric Health Contact:
info@empirichealth.com