#USA #Boston #Healthcare Innovation #Kyruus Health #Care Access

Kyruus Health Reports Unprecedented Growth and Expands Care Access Solutions

Kyruus Health has made waves in the healthcare industry in 2024, achieving extraordinary growth and solidifying its status as the leading care access platform. The company's remarkable achievements include adding 12 million health plan members and forging partnerships with over 100 new provider organizations.

Record-Breaking Network Expansion

In a few short years, Kyruus Health has expanded its provider network by nearly 20%. Now, over 500,000 healthcare providers from 1,400 hospitals and 550 independent medical groups utilize Kyruus' services. This includes partnerships with around 100 health plan brands, facilitating seamless patient engagement across multiple platforms, be it search engines, portals, or government websites.

The substantial rise in platform utilization has been evidenced by a staggering annual growth rate of 51% in care searches, 21% in appointment bookings, and 20% in patient check-ins since 2022. This equates to the exchange of an impressive 2.7 petabytes of data monthly, marking a significant milestone in patient care connectivity.

Financial Stability and Innovative Solutions

Since becoming profitable in 2023, Kyruus has continued to experience significant growth in its financial metrics, including revenue and cash flow. This healthy financial performance is expected to fuel further investments in innovation, with projections indicating an Annual Recurring Revenue (ARR) of more than $150 million by 2025.

Graham Gardner, CEO and founder, shared insights regarding the company’s trajectory: "This year marks an extraordinary period of growth for Kyruus Health. We are proud to collaborate with top healthcare organizations to provide effective data and software solutions that assist them in delivering quality care to patients. Our commitment remains focused on developing and acquiring innovative products that enhance connections between providers and payers, ensuring patients receive the necessary access through smooth data-driven interactions."

Enhancing Patient and Member Experiences

Kyruus Health’s approach effectively integrates provider data with cost data, enhancing accuracy and actionable member journeys. This innovation allows healthcare organizations to comply with directory accuracy regulations while strengthening their networks. By enabling seamless digital patient experiences across significant Electronic Health Records (EHRs), Kyruus empowers healthcare systems to leverage their digital investments fully, improve patient engagement, increase brand awareness, and drive appointment bookings.

Product Innovations Driving Patient Engagement

In 2024, Kyruus Health furthered its commitment to delivering exceptional value to clients through continuous product innovations by launching several strategic products:

• - Reach: This solution amplifies patient acquisition by streamlining digital listings management for healthcare organizations. Since its launch just three months ago, Reach has transformed appointment bookings, with early adopters reporting up to a 42% increase in appointments booked through its integration with Google Reserve.

• - Guide: Utilizing AI and natural language processing capabilities, Guide simplifies the patient care journey, allowing members to have their queries answered in natural language. By helping patients navigate clinical specialties and medical terminology, Guide equips them with the information needed to make confident healthcare decisions.

• - Provider Data Solutions: These solutions prioritize data quality through comprehensive ingestion and curation of provider information from diverse sources, creating a reliable, accurate source for all care access points. The enhanced provider profiles have already shown to increase member interactions by up to 114%.

A Bright Future for Kyruus Health

Paul Merrild, President at Kyruus Health, stated: "Kyruus Health is strategically positioned to meet the rising demand for solutions that enhance care access and navigation. Our strong revenue growth, expanding market reach, and dedication to innovation have making us the prime platform for organizations aiming to improve patient engagement and care navigation." As healthcare continues to evolve, Kyruus' focus on connecting patients to the right care through a technology-driven methodology is essential for ongoing growth and engagement.

Conclusion

Kyruus Health stands as a beacon of innovation in the healthcare sector, dedicated to connecting people with the right care. With over 500,000 providers in its network and a focus on quality interactions, Kyruus aims to enhance healthcare access and its effectiveness for everyone involved. For more information, visit KyruusHealth.com or follow the company on LinkedIn.