Personal healthcare experiences often spark pioneering cures, and Pinaki Dasgupta, CEO of Hindsait, is no exception. After two immediate family members weathered serious health issues, Dasgupta brought his digital expertise in manufacturing to the healthcare industry. His cloud-based startup is designed to help insurance companies and healthcare organizations reduce costs while boosting patient health by replacing manual reporting, preauthorization, and audits with AI-based automation. Pinaki Dasgupta, CEO of startup Hindsait, is convinced that using AI to augment people will revolutionize healthcare decision-making through evidence-based care. At last official count, healthcare spending in the U.S. alone totaled almost 18 percent of the country's gross national product (GDP), an astounding amount.

Hindsait's AI platform identifies and extracts actionable data from information trapped in clinical notes and other electronic records for improved patient outcomes at lower costs Based on its recent analysis of the market for artificial intelligence (AI) systems for the healthcare industry, Frost & Sullivan recognizes Hindsait, Inc. with the 2016 Global Frost & Sullivan Award for Visionary Innovation Leadership. Hindsait has demonstrated a strong commitment to breaking down communication barriers and enhancing healthcare delivery using AI and cognitive computing technology. With its novel software-as-a-service (SaaS) platform, Hindsait helps payers reduce costs and improve the quality of services while simultaneously enabling healthcare providers, such as accountable care organizations (ACOs) and hospitals, to reduce risks and offer superior, more affordable care. Although there are organizations that apply AI and cognitive computing in healthcare, many of them simply adapt approaches applied in other industries to healthcare. Hindsait, on the other hand, is dedicated to the needs of the healthcare industry.

"Hindsait's main goal has been to develop a robust, AI platform that specifically addresses the needs of healthcare organizations," said Frost & Sullivan Research Analyst Harpreet Singh Buttar. "This platform assists in reducing unnecessary health services, eliminating errors and biases in care delivery and improving overall quality of care." Hindsait's system has proven to be highly adaptable and scalable, based on unique use case requirements. Their capabilities range from natural language processing (NLP) and machine learning to cognitive computing and predictive analytics that directly helps providers and payers resolve healthcare delivery issues. Hindsait boasts a wide range of services, right from analyzing unstructured data, such as clinical notes, patient charts, and prescriptions, to real-time optimization of diagnostic and treatment plans.

Artificial intelligence is advancing rapidly and poised to change the status quo in any number of industries, including healthcare. A recent report by Frost & Sullivan predicts the AI market in healthcare will reach 6 billion by 2021, up from just 600 million two years ago. With the shift to a value-based reimbursement model, ushered in with the Affordable Care Act, hospitals and providers are looking for new ways to increase efficiencies and improve patient outcomes. Cognitive solutions such as IBM's Watson system can assess huge amounts of patient data, provide guidance and decision support, and improve clinical workflow. The goal is to support the physician, not replace him or her, said Anil Jain, vice president of IBM's Watson Health and an internist and medical informatics specialist at the Cleveland Clinic.