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Iodine Software Announced Priti Shah Joining Company as Chief Product and Technology Officer

Shah will lead product strategy and vision for the top AI platform in healthcare that includes the 2022 “Best in KLAS CDI Software”

AUSTIN, Tex. – Aug. 2, 2022 – Iodine Software, the leading enterprise AI platform in healthcare, today announced that Priti Shah is joining the company as Chief Product and Technology Officer. Shah brings unmatched strategy and engineering experience and executive leadership to Iodine Software and will be responsible for guiding the company’s platform strategy vision while overseeing the product and engineering teams.

“Iodine Software is a symbol of technology excellence and has established itself as the most sophisticated artificial intelligence in the healthcare market,” said Shah. “Everyone on the Iodine team is committed to helping providers solve healthcare’s most complex challenges; I feel incredibly honored by the opportunity to lead the company into the next phases of innovation.”

With more than 20 years of corporate and product strategy experience, Shah joins Iodine from Finvi (formerly Ontario Systems), a leading provider of workflow automation and revenue recovery software, where she served as Chief Product Officer responsible for developing Finvi’s product portfolio strategy and roadmap.

“Priti has the demonstrated experience and proven leadership required to execute our platform vision,” said Iodine Software Co-founder and CEO William Chan, who was recently named a winner of EY’s Entrepreneur Of The Year® 2022 Central South Award. “With healthcare providers facing unprecedented market change and volatility, our team understands that our customers need technology that consistently supports them with a greater variety of use cases. As we look to expand our AI’s capabilities to include more revenue-cycle functions and clinical decision-support, we’re excited to have Priti guide our product strategy.”

Prior to joining Finvi, Shah was Vice President of Product and Solutions at Wolters Kluwer Health, where she oversaw the product strategy and execution of the global Clinical Effectiveness product portfolio, including UpToDate, Lexicomp, MediSpan and Emmi. She also has held several senior leadership positions in corporate and product strategy at Element K, Skillsoft and Citrix Systems.

Shah is a Harvard Business School Alumni of the GMP program and holds an MBA in corporate strategy and marketing from the Rochester Institute of Technology.

Iodine Software’s platform includes the top clinical documentation improvement (CDI) software, which was recently recognized as the 2022 Best In KLAS solution. The company also recently completed two key acquisitions, including CDI software company ChartWise Medical Systems and physician engagement platform Artifact Health.

Iodine Software recently surpassed a $1 billion valuation following a strategic growth investment by Advent International.

About Iodine Software

Iodine is an enterprise AI company that is championing a radical rethink of how to create value for healthcare professionals, leaders, and their organizations: automating complex clinical tasks, generating insights and empowering intelligent care. Iodine’s powerful predictive engine complements the skills and judgment of healthcare professionals by interpreting raw clinical data to generate real-time, highly focused, predictive insights that clinicians and hospital administrators can leverage to dramatically augment the management of care delivery – facilitating critical decisions, scaling clinical workforces through automation, and improving the financial position of health systems. For more information, please visit iodinesoftware.com.

EY Announces William Chan, Co-founder and CEO of Iodine Software, as an Entrepreneur Of The Year® 2022 Central South Award Winner

Ernst & Young LLP (EY US) has named William Chan, co-founder and CEO of Iodine Software, an Entrepreneur of The Year^® 2022 Central South Award winner. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed.

Chan was selected by a panel of independent judges according to the following criteria – entrepreneurial spirit, purpose, growth and impact – among other core contributions and attributes.

“I’m incredibly honored to be recognized among an elite group of entrepreneurs, but I must credit the entire team at Iodine Software for helping us achieve our goals. Building a business is always difficult, but creating real industry change in healthcare is even harder, which is why it takes a collaborative effort,” said Chan. “Iodine Software is a leader in healthcare AI, helping our customers both improve patient care and their bottom line. Our mission is to help every health system leverage innovation to both improve health outcomes at lower costs.”

Iodine is an enterprise AI company that is championing a radical rethink of how to create value for healthcare professionals, leaders, and their organizations: automating complex clinical tasks, generating insights and empowering intelligent care. Iodine’s powerful predictive engine complements the skills and judgement of healthcare professionals by interpreting raw clinical data to generate real-time, highly focused, predictive insights that clinicians and hospital administrators can leverage to dramatically augment the management of care delivery – facilitating critical decisions, scaling clinical workforces through automation, and improving the financial position of health systems.

As a Central-South regional winner, William Chan is now in consideration for Entrepreneur of the Year 2022 National Award. National finalists and winner will be announced in November at the Strategic Growth Forum^®with the National Overall Winner moving on to compete for EY World Entrepreneur in June of 2023.

For over 35 years, EY US has celebrated the unstoppable entrepreneurs who are building a more equitable, sustainable and prosperous world for all. The Entrepreneur Of The Year program has recognized more than 10,000 US executives since its inception in 1986. Entrepreneur Of The Year Award winners have exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other members of the entrepreneurial community in over 60 countries — all supported by vast EY resources.

OU Medicine Chooses AHIMA’s Compliant Template Library Within Artifact Health’s Mobile Physician Query Platform

The American Health Information Management Association (AHIMA) announced today that OU Medicine has chosen to use the AHIMA library of physician query templates available in Artifact Health’s mobile physician query platform.

As the leading source of health information management (HIM) education, training and policy making, AHIMA updated in 2019 its Guidelines for Achieving a Compliant Query Practice to establish and support industry-wide best practices for the function of clinical documentation querying. Through its partnership with Artifact Health, AHIMA is able to provide standardized, electronic query templates and educational guidance for physicians, CDI professionals and HIM professionals. These templates help clarify clinical documentation and ultimately improve the quality of patient records.

>”…[W]e have been able to completely transform our query process.”
– Jennifer Dhooge, RHIA, CCS, CDIP, CRC, OU Medicine director of HIM

“We are thrilled to work with AHIMA and Artifact to be able to standardize physician queries across our system while ensuring compliance and improving the quality of our patient records,” said Jennifer Dhooge, RHIA, CCS, CDIP, CRC, OU Medicine director of HIM, coding and CDI. “Coupled with the innovative mobile query platform provided by Artifact, we have been able to completely transform our query process.”

“AHIMA is pleased that OU Medicine is taking advantage of our library of physician query templates,” said AHIMA CEO Wylecia Wiggs Harris, PhD, CAE. “Our alliance with Artifact Health continues to decrease administrative burdens for hospitals and health systems, while boosting the accuracy of patient records. I’m proud our strategic vision is helping to improve patient outcomes and save resources.”

Artifact Health provides the first and only mobile platform that streamlines the physician query process. Traditionally, the query process can be onerous and time-consuming for physicians, clinical documentation specialists and medical coders. With Artifact Health’s HIPAA-compliant, cloud-based, mobile query platform, physicians respond to a query compliantly in seconds with as few as three taps on their smartphone.

“We are excited to provide OU Medicine with an opportunity to work with AHIMA experts to standardize compliant query workflow,” said Marisa MacClary, co-founder and CEO of Artifact Health. “Artifact customers are committed and passionate about reducing query burden on their busy providers. By adding AHIMA’s world-class knowledge and best practices to query workflow, our customers ensure queries and educational guidance are accurate, compliant, and current.”

**About Artifact Health**
Artifact Health provides the first and only mobile platform that streamlines the physician query process so hospitals can improve the quality of patient records and ensure full reimbursement for services. Already in use by thousands of physicians, Artifact simplifies a traditionally time-consuming, multi-step process allowing physicians to respond to queries anytime, anywhere in seconds. By shortening average physician response time to queries by 20x, Artifact helps CDI specialists and coders receive more accurate responses faster, which can translate into capturing missed reimbursement for hospitals and ensuring more accurate medical records for patients. Visit www.artifacthealth.com to learn more.

**About AHIMA**
The American Health Information Management Association (AHIMA) is a global nonprofit association of health information (HI) professionals. AHIMA represents professionals who work with health data for more than one billion patient visits each year. AHIMA’s mission of empowering people to impact health drives our members and credentialed HI professionals to ensure health information is accurate, complete, and available to patients and providers. Our leaders work at the intersection of healthcare, technology, and business, and are found in data integrity and information privacy job functions worldwide. Visit www.ahima.org for more information.

**About OU Medicine**
OU Medicine — along with its academic partner, the University of Oklahoma Health Sciences Center — is the state’s only comprehensive academic health system of hospitals, clinics and centers of excellence. With 11,000 employees and more than 1,300 physicians and advanced practice providers, OU Medicine is home to Oklahoma’s largest physician network with a complete range of specialty care. OU Medicine serves Oklahoma and the region with the state’s only freestanding children’s hospital, the only National Cancer Institute-Designated Stephenson Cancer Center and Oklahoma’s flagship hospital, which serves as the state’s only Level 1 trauma center. OU Medicine is the No. 1 ranked hospital system in Oklahoma, and its oncology program at Stephenson Cancer Center and OU Medical Center ranked in the Top 50 in the nation, in the 2019-2020 rankings released by U.S. News & World Report. OU Medicine’s mission is to lead healthcare in patient care, education and research. To learn more, visit www.oumedicine.com.

Iodine Software Recognized as 2022 Best in KLAS CDI Software

AUSTIN, TX – February 8, 2022 – Iodine Software has been named the market leader for CDI Software by KLAS Research in their 2022 Best in KLAS: Software and Services Report. Iodine ranked #1 with a score of 91.2, and this achievement follows AwareCDI™ receiving the top overall performance score in the 2021 KLAS Clinical Documentation Improvement (CDI) Report. In 2021 Iodine Software acquired Chartwise, who was also a top performer in the 2022 KLAS report with a score of 89.2.

The Best in KLAS report recognizes software and services companies who excel at helping healthcare professionals improve patient care. The report noted that 95% of respondents answered “yes,” both Iodine AwareCDI and Chartwise “avoid charging for every little thing” and AwareCDI was “part of long-term plans”. All rankings are a direct result of the feedback of thousands of providers over the last year. “This award reflects our commitment to delivering the most powerful, predictive tools as well as exceptional service and support to every client, working hard to be responsive, timely and proactive to our clients’ unique needs, said William Chan, CEO and co-founder of Iodine. “This Best in KLAS award is especially meaningful because it reflects the positive experiences of our clients.”

Iodine’s AwareCDI solution empowers organizations to scale their most precious and limited resources, their clinical talent, through automation of clinical work that otherwise would require highly trained and specialized staff to complete. Clients report higher productivity and job satisfaction for CDI teams and physicians, complete and accurate documentation, and capturing more earned revenue. The Iodine AwareCDI Suite helps hundreds of hospitals to collectively recognize $1.5 billion¹ in additional appropriate reimbursement annually.

According to KLAS Research President Adam Gale, “The Best in KLAS report and the awards it contains set the standard of excellence for software and services firms. The Best in KLAS award serves as a signal to provider and payer organizations that they should expect excellence from the winning vendors.”

To download the full 2022 KLAS Clinical Documentation Improvement Report, visit : https://klasresearch.com/report/2022-best-in-klas-awards-software-and-professional-services/2770

KLAS Research will honor Iodine and the other segment winners for 2022 in a ceremony held at HIMSS March 14th.

About Iodine Software:
Iodine is an enterprise AI company that is championing a radical rethink of how to create value for healthcare professionals, leaders, and their organizations: automating complex clinical tasks, generating insights and empowering intelligent care. Iodine’s powerful predictive engine complements the skills and judgment of healthcare professionals by interpreting raw clinical data to generate real-time, highly focused, predictive insights that clinicians and hospital administrators can leverage to dramatically augment the management of care delivery – facilitating critical decisions, scaling clinical workforces through automation, and improving the financial position of health systems. For more information, please visit iodinesoftware.com.

About KLAS Research:
KLAS has been providing accurate, honest, and impartial insights for the healthcare IT (HIT) industry since 1996. The KLAS mission is to improve the world’s healthcare by amplifying the voice of providers and payers. The scope of our research is constantly expanding to best fit market needs as technology becomes increasingly sophisticated. KLAS finds the hard-to-get HIT data by building strong relationships with our payer and provider friends in the industry. Learn more at klasresearch.com

_{1. Figures are based on a $6,000 modeled base rate and actual measured MCC capture performance from the 2019 Iodine Performance Cohort Analysis of 339 facilities that compared measured MCC capture and CMI impact for the Iodine usage period 9/1/2018-8/31/2019 against pre-Iodine baseline performance.}

Iodine Software Surpasses $1 Billion Valuation With Strategic Growth Investment from Advent International

AUSTIN, TX and BOSTON, MA – December 1, 2021 – Iodine Software (“Iodine” or the “Company”), a leading healthcare AI company, today announced a strategic growth investment from Advent International (“Advent”), one of the largest and most experienced global private equity investors. Advent will acquire a significant stake in Iodine in a transaction that values the business at over $1 billion. Bain Capital Ventures (“BCV”) and Silversmith Capital Partners (“Silversmith”), which invested in the Company in 2018, will remain shareholders. Financial terms were not disclosed.

“Utilizing advancing technology to scale hospital resources, ease administrative burden, and maximize reimbursement is more important than ever,” said William Chan, Iodine’s CEO and co-founder. “We’ve always been committed to building the most powerful, predictive tools available. This investment provides access to capital for expansion and growth strategies so that we can innovate faster and find more ways to empower healthcare leaders to meet with confidence the delicate balance of quality, efficiency, and system financial resilience.”

Iodine’s AwareCDI solution recently received the top overall performance score in the 2021 KLAS Clinical Documentation Improvement Report. The company also recently completed the acquisitions of Artifact Health and ChartWise to broaden its market reach, bolster its portfolio and deliver a comprehensive query transformation solution that solves a critical physician pain point.

“We are pleased to be partnering with Iodine Software as it continues to experience rapid growth across hospitals and health systems,” said Carmine Petrone, a Managing Director on Advent’s Healthcare team. “Iodine’s world-class AI innovation engine and strong customer focus underpin the company’s ability to deliver a best-in-class product with highly differentiated value.” Lauren Young, a Managing Director on Advent’s technology team, added: “With our extensive experience scaling software and healthcare businesses, we look forward to working with Bain Capital Ventures and Silversmith Capital Partners to support William and the entire Iodine team to continue driving innovation and building a leading AI/machine learning-driven revenue cycle management platform.”

This investment will empower Iodine to invest further in its AI engine, CognitiveML, to power new and additional products in other strategic areas of care delivery for health systems.

“We were excited to partner with the founders of Iodine back in 2018 as their first institutional investor, and are even more thrilled to partner with Advent and the Iodine team to support the next phase of growth,” said Jeff Crisan, Managing Partner at Silversmith Capital Partners. Yumin Choi, partner at Bain Capital Ventures, added, “We saw the enormous potential its AI-powered software would provide to hospitals going through digital transformations. With this strategic investment, Iodine will have the opportunity to reach more hospital professionals, resulting in better care for patients across the US.”

Over the past 30+ years, Advent has invested or committed more than $11 billion in 88 technology companies and $10 billion in 51 healthcare companies, including health tech, software and provider businesses.

Deutsche Bank served as exclusive financial advisor to Iodine and Queen Saenz + Schutz PLLC served as the Company’s legal advisors. For Advent, Evercore and TripleTree served as financial advisors and Weil, Gotshal & Manges LLP served as legal counsel.

About Iodine Software

Iodine is an enterprise AI company that is championing a radical rethink of how to create value for healthcare professionals, leaders, and their organizations: automating complex clinical tasks, generating insights and empowering intelligent care. Iodine’s powerful predictive engine complements the skills and judgement of healthcare professionals by interpreting raw clinical data to generate real-time, highly focused, predictive insights that clinicians and hospital administrators can leverage to dramatically augment the management of care delivery – facilitating critical decisions, scaling clinical workforces through automation, and improving the financial position of health systems. For more information, please visit iodinesoftware.com.

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 380 companies in 42 countries, and as of June 30, 2021, had $81 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 245 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology. After more than 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit www.adventinternational.com or www.linkedin.com/company/advent-international.

About Bain Capital Ventures

Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. BCV invests from seed to growth in startups driving transformation across industries, from SaaS, infrastructure software and security to fintech and healthcare to commerce and consumer tech. The firm has helped launch and commercialize more than 365 companies, including Attentive, Digital Currency Group, DocuSign, Flywire, Jet.com, LinkedIn, Redis Labs, Rent the Runway, SendGrid, and SurveyMonkey. BCV has $9.2 billion in assets under management with offices in San Francisco, New York, Boston, and Palo Alto. Follow the firm via LinkedIn and Twitter.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Centauri Health Solutions, DistroKid, Impact, Iodine Software, LifeStance Health, Panalgo, Unily, Upperline Health, Validity, and Webflow. The partners have served on the boards of numerous successful growth companies including ABILITY Network, Archer Technologies, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Passport Health, SurveyMonkey, and Wrike. For more information about Silversmith, please visit www.silversmith.com.

Media Contacts

For Iodine Software

Amanda Wratchford

press@iodinesoftware.com

For Advent International

Anna Epstein or Sophia Templin

Finsbury Glover Hering

Adventinternational-US@finsbury.com

For Bain Capital Ventures

Kristi Essick

kristi@archwaypr.com

For Silversmith Capital Partners

Kate Castle

kate@silversmith.com

Mount Sinai Health System Deploys Artifact Health Mobile Solution to Reduce Physician Documentation Burden

Expansion of Artifact Health mobile physician query solution rolled out across the eight-hospital system.

After a successful pilot of the first and only mobile platform that streamlines the physician query process, Mount Sinai Health System (MSHS) will strengthen and expand its collaboration with Artifact Health, a leading innovator in physician-centric clinical documentation improvement (CDI) solutions. MSHS will expand the Artifact mobile query platform throughout its system, one of New York City’s largest integrated healthcare delivery systems, encompassing eight hospitals, a leading medical school, and over 450 ambulatory practices throughout greater New York, New Jersey and Palm Beach, FL.

The Mount Sinai Hospital and Mount Sinai Queens served as pilot sites for Artifact Health’s mobile physician query platform in January of this year and will roll out throughout the system this September. The platform makes it easier for physicians to respond to clinical questions from CDI specialists and medical coders resulting in higher-quality documentation, proper reimbursement and more accurate publicly reported quality outcomes.

Stephen Teitelbaum, MD, Medical Director for Clinical Documentation Quality Improvement and Vice President of Clinical Data Integrity at MSHS said, “Expanding the Artifact platform is part of a larger strategy at Mount Sinai to reduce physician burnout by providing technologies that engage physicians with faster and easier administrative workflows. One of the key priorities emerging from our massive effort battling the pandemic in New York City is to deploy technologies that ease burden on physicians and give them back time to care for patients. During the pilot, Mount Sinai physicians found Artifact Health’s technology to be convenient, fast and easy to use which went into our decision to deploy across our hospitals.”

“As Mount Sinai accelerates our transition to business models focused on population health management, our physicians require innovative tools enabling quality clinical documentation in the medical record,” said Luke Hermann, MD, Senior Vice President, Clinical Business Intelligence and Implementation at MSHS and Associate Professor in Emergency Medicine at Icahn School of Medicine at Mount Sinai. “Our goal is to accurately and completely capture the health status of our patients and the high-quality care they receive.”

Traditionally, the query process is onerous and time-consuming for physicians, clinical documentation specialists and medical coders. With Artifact Health’s HIPAA-compliant, cloud-based, mobile query platform, physicians respond to a query compliantly in seconds with as few as three taps on their smartphone. By engaging physicians with a faster and easier process, Artifact drives improvements in hospital and physician coding accuracy and publicly reported quality measures.

“We are extremely proud to partner with Mount Sinai Health System to help their physicians more easily document the high-quality care they provide,” said Marisa MacClary, co-founder and CEO of Artifact Health. “We’re looking forward to continuing to collaborate with Mount Sinai in ways that support participation in value-based care models without imposing additional documentation burden on physicians.”

**About Artifact Health**
Artifact Health provides the first and only mobile platform that streamlines the physician query process so hospitals can improve the quality of patient records and ensure full reimbursement for services. Already in use by thousands of physicians, Artifact simplifies a traditionally time-consuming, multi-step process allowing physicians to respond to queries anytime, anywhere in seconds. By shortening average physician response time to queries by 20x, Artifact helps CDI specialists and coders receive more accurate responses faster, which can translate into millions of dollars in revenue for hospitals. Visit www.artifacthealth.com to learn more.

Iodine Software

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