Latest news with #IKSHealth
Time of India
09-07-2025
- Business
- Time of India
Gartner warns of 40% agentic AI failure by 2027 - Industry leaders push back
In a recent report, Gartner has predicted that more than 40% of Agentic AI projects would be cancelled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls. Though making significant predictions, the report does not outline the nature of the study, the parameters or the methodology involved in reaching such conclusions.'Most agentic AI projects right now are early stage experiments or proof of concepts that are mostly driven by hype and are often misapplied,' says Anushree Verma, Senior Director Analyst, Gartner. 'This can blind organizations to the real cost and complexity of deploying AI agents at scale, stalling projects from moving into production. They need to cut through the hype to make careful, strategic decisions about where and how they apply this emerging technology.' "If we don't invest in the invisible guardrails that Agentic AI warrants or if we design Agentic AI by overlooking overall system design, costs can escalate and repatriation can start. Left shift is a must as far as security, performance and costs are concerned. These should be the considerations at the architecture stage and not at the monitoring stage. Not everything needs to become agentic and not everything needs to go on cloud," says Anjali Satam, Head of Engineering and Technology Director at IKS Health. Assessing Gartner's initial claims Gartner's initial prediction about agentic AI adoption—prior to June 2025—was highly optimistic, especially regarding customer service and enterprise automation. They also stated that agentic AI would autonomously resolve common customer service issues without human intervention, leading to a reduction in operational costs. "I agree with the current Gartner point of view. Because, the ability to provide flawless access to data for agentic AI to truly function as intended is a major challenge, because most data is not ready and the majority of organizations have not invested in the computing infrastructure needed to deliver on the real promise of agentic AI," says Rajendra Deshpande, former CIO at Intelenet Global Services and a technology consultant. Implementations should be driven by business objectives A few technology experts are of the view that the current agentic AI models don't have the maturity and agency to autonomously achieve complex business goals or follow nuanced instructions over time and may not be able to autonomously achieve complex business goals or follow nuanced instructions over time and therefore could lack value or return on investment (ROI). Moreover, some use cases positioned as agentic AI may not require agentic implementations to be successful. 'Most agentic AI propositions lack significant value or return on investment (ROI), as current models don't have the maturity and agency to autonomously achieve complex business goals or follow nuanced instructions over time. Many use cases positioned as agentic today don't require agentic implementations,' adds Verma. Understanding Gartner's hype cycle Such overarching statements are not unusual. Most technologies follow the hype cycle. The hype cycle is a method to assess how technology evolves along an S-curve. Gartner categorizes current trends into five buckets, each representing a different stage of maturity. This process involves combining technologies and grouping them according to their maturity by a team of experts helps them evaluate the status of each technology on the S-curve. Such observations have usually held true for almost all emerging technologies. Almost 40% of projects fail in the first 1000 days, whether it is blockchain, drones or generative AI. The reasons could be diverse, including factors such as maturity of use cases, readiness of the specific industry, the cost of technology acquisition and implementation, challenges of integration with the existing legacy systems, etc. Gartner explains this phenomenon through its concept of the hype cycle, which is a graphical tool that plots the maturity, adoption, and social application of emergent technologies, providing insights into their potential risks and benefits. It includes five phases: the innovation trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment, and plateau of productivity. "I am not sure if they use any statistical models, but a team of experts definitely reviews and evaluates the status of each technology on the S-curve. This means there is a level of subjectivity embedded in the assessment for sure. Again, it would be interesting to see how many of their predictions have actually come true. I think the hype cycle is more of a framework to assess the level of maturity of technologies, rather than a precise prediction method. It would be even more interesting to know if Gartner has any audited data about the accuracy of their predictions," observes Deshpande. A major driver of the current hype around agentic AI is the widespread rebranding of existing products by many suppliers, often without delivering the true, full capabilities that define agentic AI. "In 2000, dot-coms rose fast and fell faster. In 2010, many IT services projects grew big but couldn't scale well. In 2020, SaaS exploded, but too much of it lacked clear value. Every hype wave leaves behind good ideas that failed because of weak execution or no real go-to-market!" points out Kingshuk Hazra, Founder, LeadStrategus.
Business Upturn
01-07-2025
- Business
- Business Upturn
IKS Health expands partnership with Western Washington Medical Group, invests in new management services organization
IKS Health has announced a strategic expansion of its partnership with Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare provider in Washington State, USA. As part of this collaboration, IKS Health will make a significant investment in a newly established Management Services Organization (MSO) that will oversee all non-clinical operations for WWMG. The MSO will manage functions such as revenue cycle management, clinical documentation, HR, IT, and finance, while WWMG will retain control over all clinical operations. Advertisement The partnership aims to improve WWMG's performance across fee-for-service and value-based care models by reducing operational friction and enhancing financial sustainability and patient outcomes. WWMG will gain access to IKS Health's AI-enabled Care Enablement Platform, including advanced revenue cycle management tools, the Scribble Suite's ambient scribing solution, and a patient engagement hub designed to reduce no-shows and improve care communication. The investment will also help WWMG expand its physician base and primary care capacity. IKS Health CFO Nithya Balasubramanian said the investment reflects the company's strong conviction in the long-term potential of this partnership. CEO Sachin K. Gupta called the move a pivotal step in IKS Health's journey to lead strategic healthcare transformation. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
National Post
01-07-2025
- Business
- National Post
IKS Health Announces Transformational Partnership with Western Washington Medical Group through Strategic Investment in Managed Service Organization
Article content DALLAS — IKS Health, a global leader in care enablement solutions supporting clinicians, staff and patients throughout the care journey, is pleased to announce a transformative expansion of its partnership with Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare organization in Washington state. Article content IKS Health will make a strategic investment in a newly established management services organization (MSO) that will oversee all nonclinical operations of WWMG, including revenue cycle management, clinical documentation, HR, IT and finance. The clinical operations will continue to reside within WWMG, allowing for a clear separation of clinical and administrative functions. Article content Article content As part of this expanded partnership, IKS Health will support WWMG through the newly formed MSO, helping the medical group improve performance across both fee-for-service and value-based care models. By addressing key administrative and operational functions, IKS will position WWMG to better manage risk-based populations, reduce friction in care delivery and improve financial sustainability and patient outcomes. Article content This support will be powered by IKS Health's comprehensive, AI-enabled care enablement platform. WWMG will gain access to advanced revenue cycle management, clinical documentation through the Scribble Suite's ambient scribing solution and a patient engagement hub driven by a patent-pending AI algorithm that predicts and reduces no-shows while improving communication across the care journey. Additional services include chart reviews, document management and care coordination. Article content 'Our work with IKS Health has resulted in streamlined operations and increased efficiencies, leading us to expand our partnership and further position us for growth and, most importantly, for providing excellent patient care,' said David Russian, M.D., CEO of Western Washington Medical Group. 'This strategic partnership with IKS Health will create transformational value for WWMG with a self-sustaining model for independent medicine that benefits all stakeholders — clinicians, patients and the communities that we serve.' Article content 'Our initial investment of substantial capital into the MSO reflects our strong conviction in the long-term potential of this partnership,' said Joe Benardello, co-founder and chief growth officer at IKS Health. 'The investment will be used to grow WWMG's physician base and expand its primary care capacity. When combined with the operational efficiencies driven by the IKS Health platform, it lays the foundation for scalable and sustainable growth.' Article content 'This partnership marks a pivotal step in IKS's journey to lead the strategic transformation of healthcare,' said Sachin K. Gupta, founder and CEO of IKS Health. 'It moves us meaningfully up the value chain, well beyond commoditized point solutions, and creates a scalable and replicable path to growth. By enabling a sustainable model for physician aggregation that delivers on the quadruple aim, we're not only unlocking two powerful pools of economic value (revenue from the IKS platform and long term value from the MSO growth) — we're also deepening the moat around our Care Enablement Platform and reinforcing our long-term relevance in an increasingly dynamic healthcare landscape.' Article content About Western Washington Medical Group Article content Western Washington Medical Group (WWMG) is a team of over 100 providers in 20+ specialty areas serving patients and their families in the north Puget Sound region of Washington State. Their providers are owners of the company, and they live and work in the communities that they serve. For over 30 years, it's been WWMG's mission to provide clinicians the freedom to practice medicine with compassion, in the best interest of their patients and community. Learn more at Article content About IKS Health Article content IKS Health takes on the chores of healthcare — spanning administrative, clinical, and operational burdens — so that clinicians can focus on their core purpose: delivering great care. Combining pragmatic technology and dedicated experts, IKS Health enables stronger, financially sustainable enterprises. IKS Health's Care Enablement Platform delivers data-driven value and expertise across the care journey, and IKS Health is a partner for clinician enterprises looking to effectively scale, improve quality, and achieve cost savings through forward-thinking solutions. Founded in 2006, IKS Health's global workforce supports large health systems across the United States. For more information on IKS Health and its solutions, please visit Article content Article content Article content Article content Article content Article content
Yahoo
01-07-2025
- Business
- Yahoo
IKS Health Announces Transformational Partnership with Western Washington Medical Group through Strategic Investment in Managed Service Organization
DALLAS, July 01, 2025--(BUSINESS WIRE)--IKS Health, a global leader in care enablement solutions supporting clinicians, staff and patients throughout the care journey, is pleased to announce a transformative expansion of its partnership with Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare organization in Washington state. IKS Health will make a strategic investment in a newly established management services organization (MSO) that will oversee all nonclinical operations of WWMG, including revenue cycle management, clinical documentation, HR, IT and finance. The clinical operations will continue to reside within WWMG, allowing for a clear separation of clinical and administrative functions. As part of this expanded partnership, IKS Health will support WWMG through the newly formed MSO, helping the medical group improve performance across both fee-for-service and value-based care models. By addressing key administrative and operational functions, IKS will position WWMG to better manage risk-based populations, reduce friction in care delivery and improve financial sustainability and patient outcomes. This support will be powered by IKS Health's comprehensive, AI-enabled care enablement platform. WWMG will gain access to advanced revenue cycle management, clinical documentation through the Scribble Suite's ambient scribing solution and a patient engagement hub driven by a patent-pending AI algorithm that predicts and reduces no-shows while improving communication across the care journey. Additional services include chart reviews, document management and care coordination. "Our work with IKS Health has resulted in streamlined operations and increased efficiencies, leading us to expand our partnership and further position us for growth and, most importantly, for providing excellent patient care," said David Russian, M.D., CEO of Western Washington Medical Group. "This strategic partnership with IKS Health will create transformational value for WWMG with a self-sustaining model for independent medicine that benefits all stakeholders — clinicians, patients and the communities that we serve." "Our initial investment of substantial capital into the MSO reflects our strong conviction in the long-term potential of this partnership," said Joe Benardello, co-founder and chief growth officer at IKS Health. "The investment will be used to grow WWMG's physician base and expand its primary care capacity. When combined with the operational efficiencies driven by the IKS Health platform, it lays the foundation for scalable and sustainable growth." "This partnership marks a pivotal step in IKS's journey to lead the strategic transformation of healthcare," said Sachin K. Gupta, founder and CEO of IKS Health. "It moves us meaningfully up the value chain, well beyond commoditized point solutions, and creates a scalable and replicable path to growth. By enabling a sustainable model for physician aggregation that delivers on the quadruple aim, we're not only unlocking two powerful pools of economic value (revenue from the IKS platform and long term value from the MSO growth) — we're also deepening the moat around our Care Enablement Platform and reinforcing our long-term relevance in an increasingly dynamic healthcare landscape." About Western Washington Medical Group Western Washington Medical Group (WWMG) is a team of over 100 providers in 20+ specialty areas serving patients and their families in the north Puget Sound region of Washington State. Their providers are owners of the company, and they live and work in the communities that they serve. For over 30 years, it's been WWMG's mission to provide clinicians the freedom to practice medicine with compassion, in the best interest of their patients and community. Learn more at About IKS Health IKS Health takes on the chores of healthcare — spanning administrative, clinical, and operational burdens — so that clinicians can focus on their core purpose: delivering great care. Combining pragmatic technology and dedicated experts, IKS Health enables stronger, financially sustainable enterprises. IKS Health's Care Enablement Platform delivers data-driven value and expertise across the care journey, and IKS Health is a partner for clinician enterprises looking to effectively scale, improve quality, and achieve cost savings through forward-thinking solutions. Founded in 2006, IKS Health's global workforce supports large health systems across the United States. For more information on IKS Health and its solutions, please visit Inventurus Knowledge Solutions Limited is listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). {Scrip codes: NSE - IKS and BSE - 544309}. View source version on Contacts MEDIA CONTACT - IKS HEALTH Jill Gross, Director of Public Relationspress@
Business Wire
01-07-2025
- Business
- Business Wire
IKS Health Announces Transformational Partnership with Western Washington Medical Group through Strategic Investment in Managed Service Organization
DALLAS--(BUSINESS WIRE)--IKS Health, a global leader in care enablement solutions supporting clinicians, staff and patients throughout the care journey, is pleased to announce a transformative expansion of its partnership with Western Washington Medical Group (WWMG), a leading independent multispecialty healthcare organization in Washington state. 'This strategic partnership with IKS Health will create transformational value for WWMG with a self-sustaining model for independent medicine benefitting clinicians, patients and the communities that we serve," David Russian, M.D., CEO of WWMG. IKS Health will make a strategic investment in a newly established management services organization (MSO) that will oversee all nonclinical operations of WWMG, including revenue cycle management, clinical documentation, HR, IT and finance. The clinical operations will continue to reside within WWMG, allowing for a clear separation of clinical and administrative functions. As part of this expanded partnership, IKS Health will support WWMG through the newly formed MSO, helping the medical group improve performance across both fee-for-service and value-based care models. By addressing key administrative and operational functions, IKS will position WWMG to better manage risk-based populations, reduce friction in care delivery and improve financial sustainability and patient outcomes. This support will be powered by IKS Health's comprehensive, AI-enabled care enablement platform. WWMG will gain access to advanced revenue cycle management, clinical documentation through the Scribble Suite's ambient scribing solution and a patient engagement hub driven by a patent-pending AI algorithm that predicts and reduces no-shows while improving communication across the care journey. Additional services include chart reviews, document management and care coordination. 'Our work with IKS Health has resulted in streamlined operations and increased efficiencies, leading us to expand our partnership and further position us for growth and, most importantly, for providing excellent patient care,' said David Russian, M.D., CEO of Western Washington Medical Group. 'This strategic partnership with IKS Health will create transformational value for WWMG with a self-sustaining model for independent medicine that benefits all stakeholders — clinicians, patients and the communities that we serve.' 'Our initial investment of substantial capital into the MSO reflects our strong conviction in the long-term potential of this partnership,' said Joe Benardello, co-founder and chief growth officer at IKS Health. 'The investment will be used to grow WWMG's physician base and expand its primary care capacity. When combined with the operational efficiencies driven by the IKS Health platform, it lays the foundation for scalable and sustainable growth.' 'This partnership marks a pivotal step in IKS's journey to lead the strategic transformation of healthcare,' said Sachin K. Gupta, founder and CEO of IKS Health. 'It moves us meaningfully up the value chain, well beyond commoditized point solutions, and creates a scalable and replicable path to growth. By enabling a sustainable model for physician aggregation that delivers on the quadruple aim, we're not only unlocking two powerful pools of economic value (revenue from the IKS platform and long term value from the MSO growth) — we're also deepening the moat around our Care Enablement Platform and reinforcing our long-term relevance in an increasingly dynamic healthcare landscape.' About Western Washington Medical Group Western Washington Medical Group (WWMG) is a team of over 100 providers in 20+ specialty areas serving patients and their families in the north Puget Sound region of Washington State. Their providers are owners of the company, and they live and work in the communities that they serve. For over 30 years, it's been WWMG's mission to provide clinicians the freedom to practice medicine with compassion, in the best interest of their patients and community. Learn more at About IKS Health IKS Health takes on the chores of healthcare — spanning administrative, clinical, and operational burdens — so that clinicians can focus on their core purpose: delivering great care. Combining pragmatic technology and dedicated experts, IKS Health enables stronger, financially sustainable enterprises. IKS Health's Care Enablement Platform delivers data-driven value and expertise across the care journey, and IKS Health is a partner for clinician enterprises looking to effectively scale, improve quality, and achieve cost savings through forward-thinking solutions. Founded in 2006, IKS Health's global workforce supports large health systems across the United States. For more information on IKS Health and its solutions, please visit Inventurus Knowledge Solutions Limited is listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). {Scrip codes: NSE - IKS and BSE - 544309}.
