Forian Partners With Databricks to Expand Access to Advanced Healthcare Analytics
Forian (Nasdaq: FORA) has announced a strategic partnership with Databricks to offer its Chartis™ product through the Databricks Marketplace. Chartis™, which utilizes Forian's proprietary scoring algorithm to map physician and organization affiliations, will be accessible via Delta Sharing, Databricks' open-source data-sharing protocol.
The partnership aims to expand access to healthcare analytics, enabling organizations to leverage real-world evidence for improved decision-making in healthcare research, drug development, and patient care. Chartis™ employs an event-based approach that evaluates proximity, recency, and share of services to provide detailed insights into provider connections across the healthcare ecosystem.
Forian (Nasdaq: FORA) ha annunciato una partnership strategica con Databricks per offrire il suo prodotto Chartis™ attraverso il Marketplace di Databricks. Chartis™, che utilizza un algoritmo di scoring proprietario di Forian per mappare le affiliazioni di medici e organizzazioni, sarà accessibile tramite Delta Sharing, il protocollo di condivisione dati open-source di Databricks.
La partnership mira ad ampliare l'accesso alle analisi sanitarie, permettendo alle organizzazioni di sfruttare evidenze reali per prendere decisioni migliorate nella ricerca sanitaria, nello sviluppo di farmaci e nella cura dei pazienti. Chartis™ adotta un approccio basato sugli eventi che valuta la prossimità, la recentità e la quota di servizi per fornire approfondimenti dettagliati sulle connessioni tra fornitori all'interno dell'ecosistema sanitario.
Forian (Nasdaq: FORA) ha anunciado una asociación estratégica con Databricks para ofrecer su producto Chartis™ a través del Mercado de Databricks. Chartis™, que utiliza un algoritmo de puntuación propietario de Forian para mapear las afiliaciones de médicos y organizaciones, estará disponible a través de Delta Sharing, el protocolo de intercambio de datos de código abierto de Databricks.
La asociación tiene como objetivo ampliar el acceso a análisis de atención médica, permitiendo a las organizaciones aprovechar evidencia del mundo real para mejorar la toma de decisiones en investigación de salud, desarrollo de medicamentos y atención al paciente. Chartis™ emplea un enfoque basado en eventos que evalúa proximidad, reciente y participación en servicios para proporcionar información detallada sobre las conexiones entre proveedores en el ecosistema de la salud.
포리안 (Nasdaq: FORA)은 다타브릭스와 전략적 파트너십을 체결하고 자신의 차티스™ 제품을 다타브릭스 마켓플레이스를 통해 제공한다고 발표했습니다. 차티스™는 포리안의 고유한 점수 알고리즘을 사용해 의사 및 조직 affiliations을 매핑하고, 다타브릭스의 오픈 소스 데이터 공유 프로토콜인 델타 쉐어링을 통해 접근할 수 있습니다.
이번 파트너십은 헬스케어 분석에 대한 접근성을 확대하고, 조직들이 헬스케어 연구, 약물 개발 및 환자 치료에서 더 나은 의사 결정을 내리기 위해 실제 데이터를 활용할 수 있도록 하는 것을 목표로 합니다. 차티스™는 이벤트 기반 접근 방식을 사용하여, 근접성, 최근성 및 서비스 점유율을 평가함으로써 헬스케어 생태계 내 제공자 연결에 대한 자세한 통찰력을 제공합니다.
Forian (Nasdaq: FORA) a annoncé un partenariat stratégique avec Databricks pour offrir son produit Chartis™ via le Marketplace de Databricks. Chartis™, qui utilise l'algorithme de scoring propriétaire de Forian pour cartographier les affiliations des médecins et des organisations, sera accessible via Delta Sharing, le protocole de partage de données open-source de Databricks.
Ce partenariat vise à élargir l'accès aux analyses de santé, permettant aux organisations de tirer parti des données réelles pour améliorer la prise de décision en recherche médicale, en développement de médicaments et en soins aux patients. Chartis™ adopte une approche basée sur les événements qui évalue la proximité, la récence et la part des services pour fournir des informations détaillées sur les connexions entre les prestataires au sein de l'écosystème de la santé.
Forian (Nasdaq: FORA) hat eine strategische Partnerschaft mit Databricks angekündigt, um sein Produkt Chartis™ über den Databricks-Marktplatz anzubieten. Chartis™, das einen proprietären Bewertungsalgorithmus von Forian verwendet, um die Zugehörigkeit von Ärzten und Organisationen zu kartieren, wird über Delta Sharing, das Open-Source-Datenfreigabeprotokoll von Databricks, zugänglich sein.
Das Ziel der Partnerschaft ist es, den Zugang zu Gesundheitsanalysen zu erweitern und es Organisationen zu ermöglichen, reale Beweise zu nutzen, um die Entscheidungsfindung in der Gesundheitsforschung, der Arzneimittelentwicklung und der Patientenversorgung zu verbessern. Chartis™ verfolgt einen ereignisbasierten Ansatz, der Nähe, Aktualität und Serviceanteil bewertet, um detaillierte Einblicke in die Verbindungen von Anbietern im Gesundheitsökosystem zu bieten.
- Strategic partnership with Databricks expands market reach for Forian's products
- Integration with Databricks Marketplace increases product accessibility and visibility
- Potential for revenue growth through broader distribution channel
- None.
Insights
The partnership with Databricks represents a strategic move to enhance market penetration and data accessibility. Integration with Databricks Marketplace significantly expands the distribution channel for Forian's Chartis™ product, leveraging Delta Sharing's cross-platform capabilities. The technology stack enables secure, real-time data sharing across multiple environments - a important feature for healthcare analytics.
The proprietary scoring algorithm in Chartis™, focusing on proximity, recency and service share metrics, provides a competitive edge in the healthcare analytics space. However, the immediate revenue impact remains uncertain as success depends on adoption rates and integration efficiency with existing Databricks customers.
Chartis™'s event-based approach to mapping healthcare provider relationships addresses a critical need in the industry for understanding complex medical networks and referral patterns. The ability to track provider connections and analyze service patterns can significantly impact healthcare delivery optimization and clinical trial recruitment strategies.
The platform's focus on real-world evidence aligns with the growing emphasis on data-driven decision-making in healthcare. This could particularly benefit pharmaceutical companies in their drug development process by providing deeper insights into treatment patterns and patient outcomes. However, market penetration in the highly competitive healthcare analytics sector will require demonstrated ROI for potential clients.
NEWTOWN, Pa., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Forian Inc. (Nasdaq: FORA), a leading provider of data science driven information and analytics solutions to the life science, healthcare and financial services industries, today announced a partnership with Databricks, the data and AI company, to deliver access to its Chartis™ product, which maps physician and organization affiliations, through Databricks Marketplace. This collaboration will empower healthcare organizations with enhanced visibility into Forian’s robust information products, driving innovative solutions in healthcare research, drug development and patient care.
Using Forian’s proprietary scoring algorithm, Chartis™ is designed to uncover and track valuable provider connections to enhance decision-making across the healthcare ecosystem. Employing an innovative event-based approach, Chartis™ prioritizes proximity, recency and share of services performed at various organizations to deliver unparalleled levels of insight and clarity.
The Databricks Marketplace is an open marketplace for data, analytics and AI, powered by Delta Sharing. Delta Sharing is Databricks’ open source approach that enables customers to share live data across platforms, clouds and regions within a platform that prioritizes security and governance.
“We are excited to partner with Databricks to extend the reach of our solutions,” said Max Wygod, Chief Executive Officer of Forian. “This collaboration enables us to deliver our high-quality data products like Chartis™ to a broader audience, empowering researchers, pharmaceutical companies and healthcare leaders with the tools they need to drive meaningful improvements in patient care and outcomes.”
Forian’s participation in the Databricks Marketplace underscores its commitment to making high-quality healthcare support for studies more accessible and actionable. The partnership aligns with Forian’s mission to provide insights that advance health outcomes by enabling more organizations to leverage real-world evidence in their decision-making processes, accelerating the development of therapies and interventions that improve patient outcomes.
"As the demand for data intelligence grows, we are thrilled to integrate Forian’s Chartis™ product into the Databricks Marketplace," said Jay Bhankharia, Sr. Director of Marketplace and Data Partnerships at Databricks. "Offering access to Forian’s Chartis™ product through Delta Sharing will allow insights into patient care, treatment patterns and market dynamics and will open up new avenues for innovation and efficiency across the healthcare and life sciences landscape.”
About Forian
Forian Inc. provides a comprehensive suite of data management and analytics solutions designed to optimize operational, clinical and financial performance in the life sciences and healthcare sectors and, with its recent acquisition of Kyber Data Science, in the financial services sector. Leveraging industry-leading expertise, Forian integrates, normalizes and commercializes large-scale healthcare information. Through Real World Evidence (RWE) studies, custom segmentation and profiling, market analytics or campaign ROI, Forian helps healthcare stakeholders better understand their customers, products and markets. Forian’s multi-dimensional platform aggregates, cleanses and links key cohorts to create a unique information ecosystem, generating proprietary, evidence-based insights. For more information, visit www.forian.com.
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This release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, which often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions and variations or negatives of these words. Forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about future financial and operating results, company strategy and intended product offerings and market positioning. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risks and uncertainties associated with operations, strategy and goals, our ability to execute on our strategy and the additional risks and uncertainties set forth more fully under the caption “Risk Factors” in Forian’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on March 29, 2024, and elsewhere in Forian’s filings and reports with the SEC. Forward-looking statements contained in this release are made as of the date hereof, and we undertake no duty to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
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SOURCE: Forian Inc.
FAQ
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