Olive to promote payer utilization administration software to Availity

Healthcare automation firm Olive is promoting its AI-enabled utilization administration software for payers to well being info community Availity.

The deal marks one other product divestiture for Olive. Axios first reported final fall the corporate was promoting its inhabitants well being and 340B administration instruments to healthcare AI firm Rotera. 

These gross sales got here a number of months after Olive announced it was shedding about 450 staff. On the time, CEO Sean Lane stated “fast-paced progress and lack of focus” had strained the corporate’s assets and prevented it from performing rapidly on key initiatives. 

In an announcement, Olive stated the settlement to promote its utilization administration product, which automates prior authorization approvals for payers, completes its pivot to give attention to well being methods. 

“The utilization administration product we created at Olive is a strong demonstration of the ability of synthetic intelligence to rework healthcare. As Olive continues its strategic realignment towards automated income cycle options for well being methods, we are going to proceed delivering game-changing options by way of our AI-powered automation and intelligence merchandise,” Lane stated in an announcement.

“The divestiture of the utilization administration product to Availity will present that product and the wonderful group that helps it the laser focus wanted to broaden and flourish. We’re excited to see how it will positively impression the healthcare ecosystem.”

Availity will tackle the industrial contracts with Olive’s present prospects and rent “key associates” with the enterprise. The businesses did not disclose monetary particulars of the deal, but it surely’s anticipated to shut within the coming weeks. 

“This expertise completely aligns with Availity’s imaginative and prescient of delivering omni-channel, multi-payer options to a fragmented healthcare information ecosystem. This game-changing resolution will assist our supplier and well being plan prospects overcome the widespread boundaries to making sure well timed care supply, useful resource allocation and affected person satisfaction,” Russ Thomas, CEO of Availity, stated in an announcement. 


Based in 2012 as CrossChx, Olive changed its offerings a number of instances earlier than touchdown on healthcare automation and workflow tools to chop down on the time staff have to spend on routine duties.

The corporate raised multiple rounds in 2020. In 2021, Olive scooped up $400 million in investor {dollars}.

The acquisition of Olive’s belongings is the second current acquisition for Availity. Final 12 months, it purchased Diameter Health, which develops expertise for scientific information high quality and interoperability.

Tina Manoharan will provide extra element within the HIMSS23 session “AI and Knowledge Interoperability: A Symbiotic Relationship for Healthcare.” It’s scheduled for Tuesday, April 18 at 4:15 p.m. – 5:15 p.m. CT at South Constructing, Degree 4, room S401.

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