Acquisition strengthens Rapid Care’s AI roadmap and accelerates smarter, faster healthcare decision-making
Rapid Care, an AI-focused healthcare technology company dedicated to solving complex operational and financial challenges, has announced its acquisition of DeepDoc, a sophisticated artificial intelligence platform designed to analyze and summarize medical records. DeepDoc uses machine learning, generative AI, and advanced data intelligence to automate the intake, organization, and synthesis of large volumes of unstructured clinical documentation. The platform converts complex medical records into concise, searchable summaries with accuracy exceeding 99 percent, reducing manual review time while improving consistency, transparency, and actionable insights.
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DeepDoc is widely applied across insurance and medicolegal sectors to support claims processing, independent medical examinations, utilization review, and legal case preparation. By extracting and structuring critical clinical information, the platform enables faster and more informed decision-making and helps organizations manage administrative workloads more effectively at scale.
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Venkat Laxman, President and CEO of Rapid Care, said, “DeepDoc combines advanced artificial intelligence with deep healthcare expertise. Its ability to quickly transform complex medical records into accurate and actionable summaries delivers immediate value to our customers and aligns with our mission to remove friction from healthcare workflows.”
The acquisition strengthens Rapid Care’s portfolio of AI-enabled solutions, which are designed to streamline patient-to-payment processes, enhance clinical and administrative decision-making, and improve operational efficiency across the healthcare system. Laxman added, “This acquisition marks an important step in delivering intelligent, end-to-end solutions for healthcare operations. DeepDoc accelerates our AI roadmap, enhances our technical capabilities, and allows us to provide faster, smarter, and more scalable solutions to the markets we serve.”
This move follows other recent strategic acquisitions by Rapid Care, including iMedx in 2023, a leader in healthcare revenue cycle management and clinical documentation, and Eagle Eye Transcription in 2022, which provides transcription services for medical examinations, records review, and workers’ compensation documentation.
By bringing DeepDoc into its portfolio, Rapid Care continues to invest in cutting-edge AI technologies that modernize healthcare operations, reduce administrative burdens, and help improve outcomes for providers, payers, and their partners.
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