KATHMANDU, Jan 15: A US company co-founded by a Nepali businessman specializing healthcare data service solutions has been acquired by another US company. ISO has acquired D2Hawkeye, Inc., a provider of information solutions for the healthcare industry, said a press release by ISO in Jersey City, Wednesday.[break]
The companies have not yet disclosed terms of the transaction which also includes D2Hawkeye´s Nepal operation.
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Solutions from D2Hawkeye – co-founded by Rudra Pandey and with Chris Kryder, MD – include advanced healthcare analytics, data mining, decision support, clinical quality analysis, and risk analysis tools.
“D2Hawkeye advances ISO’s leadership position in the healthcare analytics and predictive modeling market by providing proven tools to pinpoint and manage medical and financial risk across the healthcare continuum,” said Frank J. Coyne, ISO chairman, president, and chief executive officer. “With its current market traction in healthcare risk analysis, D2Hawkeye is a leading solution for medical analytics and predictive modeling and a premier medical data-mining enterprise in the United States.”
Pandey, chief technological officer (CTO) at D2Hawkeye, said in an email: "I am happy to share the news with you all that the company that I co-founded with Chris Kryder, MD has been acquired by American multinational ISO."
This validates our commitment to grow IT industry in Nepal, Pandey added. "I will remain as one of the key executives of the merged healthcare entity of ISO and will lead their healthcare operation and technology as the CTO," said Pandey. "My commitment to grow Nepal software outlet to 1000 engineer size remain strong and live."
Pandey did extensive consulting with prestigious financial institutions, such as the World Bank, and with large healthcare organizations. Prior to founding D2Hawkeye with Dr Kryder, Pandey founded the IT Experts Group in Kathmandu, Nepal. In three years this company grew from three to over 40 systems engineers. After its merger with D2Hawkeye it became D2HawkeyeServices, the largest software company in Nepal.
Founded in July 2001, D2Hawkeye is headquartered in Waltham, Massachusetts, USA and has technology operations in South Asia, including Nepal. D2Hawkeye builds and manages fully integrated medical and financial databases for its customers, applies its proprietary evidence-based medical rules, and provides an intuitive, easy-to-use ASP-based interface for medical analytics and reporting, said the ISO release.
“Industry professionals use our tools to estimate cost and risk trends, to identify emerging high-risk consumers for optimal allocation of medical management resources and interventions, and to compare performance against industry benchmarks,” said Kryder, M.D., chairman, CEO of D2Hawkeye. D2Hawkeye also provides medical advisory, medical analytics, benchmarking, and other healthcare information services.
D2Hawkeye will be combined with ISO’s other rapidly growing healthcare businesses as a new subsidiary under Verisk Health. Kryder will lead the new subsidiary as CEO. Verisk Health includes the healthcare enterprise business intelligence platform offered by Urix and DxCG’s leading predictive modeling solutions. ISO acquired Urix in 2006 and DxCG in 2004.
