iCare Intelligence, a highly promising innovative software company coming from Incubate Miami’s 2012 Class, is on the path to become one of the most important Health Care related startups emerging from South Florida in recent years. This is due to the magnitude of the problems it solves and the caliber of the team at its helm.
iCare intelligence is a data analytics and workflow collaboration cloud-based platform. The software increases the accuracy of the patient information while it changes hands between the government, insurance companies, and the doctors. The system optimizes profits and minimizes inefficiencies for every party involved in the health care value chain. iCare Intelligence data analytics work in coordination with Electronic Medical Record (EMR) systems, feeding key data to health care practitioners. The brainchild of iCare Intelligence is industry veteran John Suarez, with 11 years of domain expertise in the health care sector across the functional areas of information systems and operations.
John Suarez explains from his Incubate Miami workstation: “There is an estimated 10-20% loss of revenue for both insurance companies and doctors due to inaccurate patient information. The current structure depends on human intervention and many important pieces of information are being lost along the way. Our platform brings real time data into this complex and fragmented exchange of information, to provide insurance companies with proactive solutions to costly compliance errors. This thereby maximizes insurance company payouts and reduces their level of risk. As the entire fee for the service is paid for by the insurance companies and management service organizations, doctors will receive the benefits of the platform free of charge”.