AURORA, Ill.--(BUSINESS WIRE)--Simplify Healthcare, a leading provider of SaaS solutions for the health insurance industry via their Simplify Health Cloud™, today announced the launch of SimplifyX™, a new subsidiary aimed at delivering innovative software products to a broader range of industries.
SimplifyX™ builds digital solutions the way they are meant to be, with embedded and applied AI, faster and better. The combination of a low-code application development platform — Simplify App Fabric™ — with embedded and applied AI from Simplify Industries AI™ is delivered as a cloud based SaaS solution to customers across industries. Simplify App Fabric™ is a tried and tested platform, having built and deployed software solutions to a majority of the nation’s largest health insurance companies. Simplify Industries AI™ is an evolution of our acquisition of the applied AI company Virtical, which was completed earlier this year.
The ability to speed up custom application development by the real-time configurability of the user experience, to deliver integration using an API-first approach, and embedding “Day 1 usable” industry AI use cases separate the SimplifyX™ platforms from incumbent Low-Code App Development Platforms (LCAPs) and CRM and ITOM platforms that are prevalent across industries today.
"We are thrilled to build upon our success in the health insurance market by launching SimplifyX™, focused on delivering AI-native SaaS solutions to businesses of all kinds," said Mohammed Vaid, CEO and Chief Solution Architect, Simplify Healthcare. "As we look to the future, we recognize the immense potential that exists beyond our core industry, and we are confident that this new venture will allow us to capitalize on those opportunities while maintaining our position as a leader in health insurance technology. Now, the significant cost advantages we enjoy when we build solutions will be available to our customers – and they can build and deploy faster and better – the way it was always meant to be — 50% faster and 10X better!”
“As part of this expansion, I am pleased to announce that Vinay Nadig will lead SimplifyX™ as President. Vinay, along with his leadership team of Deepak Bandi, who leads Simplify Industries AI™ and Namrata Dhanawade, who leads Simplify App Fabric™, will deliver cutting-edge solutions that empower businesses across industries to thrive in the AI age."
About SimplifyX™
SimplifyX™ empowers industries with AI-native SaaS solutions designed to build and deploy digital solutions faster, better, and with embedded AI. As a subsidiary of Simplify Healthcare, SimplifyX™ leverages the proven capabilities of Simplify App Fabric™ — a low-code application development platform trusted by the nation’s largest health insurance companies — and Simplify Industries AI™, a powerful applied AI engine evolved from the acquisition of Virtical. Through advanced artificial intelligence, analytics, and cloud-native technology, SimplifyX™ drives operational efficiency, accelerates time-to-market, and delivers substantial ROI across healthcare, insurance, banking, energy, manufacturing, and beyond. SimplifyX™’s mission is to provide organizations with the tools to excel in a data-driven world by making digital transformation faster and more impactful.
For more information, visit simplifyx.ai.
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About Simplify Healthcare
Simplify Healthcare powers connected benefits and provider journeys for Payers through a scalable, enterprise-grade, secure, compliant, and configurable cloud-based software platform — Simplify Health Cloud™. Packaged on the Simplify Health Cloud™ — Benefits1™, Provider1™, Service1™, Claims1™, and Experience1™ provide Payers with discrete and precise solutions to complex problems and opportunities in delivering a rich set of products, benefits, and provider data. Simplify Healthcare also enables Payers to build enterprise solutions with speed and innovation on a configurable, secure, and low-code application development platform — Simplify App Fabric™.
For more information, please visit simplifyhealthcare.com.
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