Persistent Systems edges higher on launching Population Health Management solution
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Persistent Systems is currently trading at Rs. 8641.00, up by 3.30 points or 0.04% from its previous closing of Rs. 8637.70 on the BSE.
The scrip opened at Rs. 8670.00 and has touched a high and low of Rs. 8700.00 and Rs. 8567.75 respectively. So far 7190 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8828.60 on 30-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 8720.00 and Rs. 8429.45 respectively. The current market cap of the company is Rs. 66334.35 crore.
The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 50.69% and 18.25% respectively.
Persistent Systems has launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft. Aligned with value-based care models, the Solution identifies Social Determinants of Health (SDoH) to determine patients’ nonclinical needs and better predict the cost of care driven by clinical conditions. It helps patients receive quality care at the right time and in the right place, while optimizing capacity and cost effectiveness for healthcare providers and organizations.
Predictive risk modeling is a critical tool to identify patients who will require significant medical assistance, as a relatively small proportion of the population accounts for the majority of healthcare spending. Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, the company’s PHM Solution identifies SDoH based on Electronic Health Records (EHR) data. Since up to 80% of key patient information within an EHR is in the form of unstructured clinical notes, the company’s Solution accurately extracts this information, unlike PHM solutions in the market, which are solely dependent on third-party data sources or survey data. This innovative method, compared to existing natural language processing-based approaches, is intended to improve patient outcomes through more timely and intelligent care recommendations, and provides higher accuracy, improved scale and increased compliance.
Persistent Systems is a global company specializing in software product and technology services.
