Forian and Databricks Innovate Healthcare with Advanced Analytics

Forian Partners with Databricks for Healthcare Innovation

Forian Inc. (Nasdaq: FORA), a leader in data science-driven analytics, has entered into an exciting partnership with Databricks, a prominent data and AI company. This collaboration aims to deliver enhanced access to Forian’s Chartis™ product, designed to provide valuable insights into physician and organization affiliations, accessible through Databricks Marketplace.

Transforming Healthcare Analytics with Chartis™

Chartis™ utilizes an advanced scoring algorithm specifically developed by Forian, which facilitates the identification and tracking of critical provider connections. This tool enhances decision-making throughout the healthcare ecosystem, contributing significantly to healthcare research, drug development, and overall patient care.

Innovative Methods for Data Insights

The design of Chartis™ employs an innovative event-based approach, which is focused on three key factors: proximity, recency, and the share of services performed by various organizations. This multifaceted strategy allows for the delivery of unparalleled clarity and insight into provider connections, ultimately driving better outcomes in patient management.

The Role of Databricks Marketplace

The Databricks Marketplace serves as an open platform for sharing data, analytics, and AI solutions, all powered by Delta Sharing. This method emphasizes security and governance while enabling clients to share live data across multiple platforms and regions.

Expanding Access to Healthcare Solutions

Max Wygod, the Chief Executive Officer of Forian, expressed enthusiasm about the partnership: "We are excited to partner with Databricks to extend the reach of our solutions." He highlighted how this collaboration helps deliver top-notch data products like Chartis™ to a wider audience, thus empowering healthcare stakeholders—including researchers and pharmaceutical companies—to enhance patient care effectively.

Commitment to Improving Health Outcomes

Participating in Databricks Marketplace reflects Forian's ongoing dedication to making high-quality healthcare analytics more accessible and actionable. The partnership supports Forian's mission to provide insights that improve health outcomes, allowing more organizations to leverage real-world evidence in their decision-making, which in turn accelerates the development of new therapies and interventions that can significantly enhance patient care.

Addressing the Demand for Data Intelligence

Jay Bhankharia, Sr. Director of Marketplace and Data Partnerships at Databricks, stated, "As the demand for data intelligence grows, we are thrilled to integrate Forian’s Chartis™ product into the Databricks Marketplace." By offering insights into patient care and treatment patterns, this collaboration aims to foster innovation and efficiency within the healthcare and life sciences industries.

About Forian

Forian Inc. stands at the forefront of the healthcare analytics landscape, providing an extensive suite of data management and analytics solutions that enhance operational, clinical, and financial performance within the life sciences and healthcare sectors. With the addition of Kyber Data Science, Forian has also expanded its capabilities into the financial services sector.

A Comprehensive Data Ecosystem

Forian excels in integrating, normalizing, and commercializing large-scale healthcare data. Through Real World Evidence (RWE) studies, custom segmentation, and market analytics, Forian is committed to helping healthcare stakeholders—ranging from organizations to individual patients—gain a deeper understanding of their surroundings, thus enabling better decisions about products and market strategies.

Frequently Asked Questions

What is the core purpose of the Forian and Databricks partnership?

The partnership aims to provide enhanced access to Forian’s Chartis™ product through Databricks Marketplace, facilitating better insights into healthcare analytics.

How does the Chartis™ product aid healthcare organizations?

Chartis™ helps healthcare organizations improve decision-making by uncovering and tracking provider connections, leading to enhanced patient care and research outcomes.

What methodology does Chartis™ use for data analysis?

The product employs an event-based approach that prioritizes proximity, recency, and share of services, delivering deep insights into provider relationships.

What is the significance of the Databricks Marketplace?

It serves as an open platform for sharing data and analytics solutions, allowing for secure and efficient collaboration across different organizations and regions.

What industries does Forian cater to with its analytics solutions?

Forian provides analytics solutions primarily for the life sciences and healthcare industries, but it has also extended its reach into the financial services sector through recent acquisitions.

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