JERSEY CITY, N.J., January 14, 2009 — ISO has acquired D2Hawkeye®, Inc., a provider of information solutions for the healthcare industry. Solutions from D2Hawkeye include advanced healthcare analytics, data mining, decision support, clinical quality analysis, and risk analysis tools. Terms of the transaction were not disclosed.
“D2Hawkeye advances ISO’s leadership position in the healthcare analytics and predictive modeling market by providing proven tools to pinpoint and manage medical and financial risk across the healthcare continuum,” said Frank J. Coyne, ISO chairman, president, and chief executive officer. “With its current market traction in healthcare risk analysis, D2Hawkeye is a leading solution for medical analytics and predictive modeling and a premier medical data-mining enterprise in the United States.”
Founded in July 2001, D2Hawkeye is headquartered in Waltham, Massachusetts, and has technology operations in South Asia. D2Hawkeye builds and manages fully integrated medical and financial databases for its customers, applies its proprietary evidence-based medical rules, and provides an intuitive, easy-to-use ASP-based interface for medical analytics and reporting.
“Industry professionals use our tools to estimate cost and risk trends, to identify emerging high-risk consumers for optimal allocation of medical management resources and interventions, and to compare performance against industry benchmarks,” said Chris Kryder, M.D., chairman, CEO, and founder of D2Hawkeye. D2Hawkeye also provides medical advisory, medical analytics, benchmarking, and other healthcare information services.
D2Hawkeye will be combined with ISO’s other rapidly growing healthcare businesses as a new subsidiary under Verisk Health. Chris Kryder will lead the new subsidiary as CEO. Verisk Health includes the healthcare enterprise business intelligence platform offered by Urix and DxCG’s leading predictive modeling solutions. ISO acquired Urix in 2006 and DxCG in 2004.
“The acquisition of D2Hawkeye positions ISO for growth in healthcare predictive analytics,” said Coyne. “And we are delighted to have Chris Kryder and his team join the substantial talent in our other healthcare analytics businesses. D2Hawkeye is particularly strong among care management organizations, benefits consultants, and third-party administrators, while our other healthcare businesses are well-established among health plan providers. Pulling together all of our assets, we intend to create one of the largest and most useful normative databases in the industry. These unique synergies provide new market, cross-sell, and diversification opportunities for ISO’s healthcare enterprise — similar to our leadership positions in the property/casualty insurance and mortgage-lending industries.”
D2Hawkeye (D2) is the market leader for healthcare data service solutions, including data mining, decision support, clinical quality analysis, and risk analysis tools. D2 provides fully integrated medical and financial databases, applying proprietary evidence-based medical rules, and provides an intuitive, easy-to-use ASP-based interface for medical analytics and reporting. Industry professionals use D2’s tools to estimate cost and risk trends identifying emerging high-risk consumers for optimal allocation of medical management resources and interventions and to compare performance against industry benchmarks. D2 also provides medical advisory, medical analytics, benchmarking, and other business services on an outsourced basis. For more, please visit www.d2hawkeye.com.
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets.