TruClinic Acquires Overl.ai to Accelerate AI-Powered Patient Data Entry Ahead of IPO

Recently, TruClinic announced the acquisition of Overl.ai, a medical artificial intelligence company headquartered in New York, USA. The two parties did not disclose the transaction amount or the terms of the acquisition.

TruClinic provides healthcare professionals with a secure network to deliver telemedicine services. Users can remotely log in via mobile devices and desktop systems, enabling remote connections between healthcare providers and patients to ensure comprehensive medical care and communication. The solution streamlines patient tracking, eliminates scheduling bottlenecks, increases clinician revenue, and enhances patient satisfaction.

By acquiring Overl.ai, TruClinic will integrate the company’s AI products to improve patient data entry efficiency and address data integration challenges when connecting to electronic health records (EHRs), thereby delivering a better user experience.

“Providing an intuitive, user-friendly interface is critical for patients accessing telehealth services, while simultaneously ensuring that healthcare providers’ workflows remain unchanged. These two factors drove this acquisition,” said Justin Kahn, CEO of TruClinic. “Overl.ai has done meaningful work by establishing a flexible engagement solution for healthcare entities; their expertise and capabilities are key to the future expansion and success of telehealth.”

Overl.ai, founded in 2014, has designed an automated solution for patient data entry that integrates machine learning and automatic data capture to enhance the patient experience. Overl.ai’s solution can be deployed across multiple platforms (web, tablet, and mobile) and supports multiple languages. It captures clinical and non-clinical information, verifies insurance eligibility, processes payments, schedules and confirms appointments, collects visit surveys, and shares information in real time within EHR systems.

“TruClinic is an excellent, lightweight, and powerful telemedicine platform. It has been proven in the largest telemedicine system in the United States,” said Alex Zoller, CEO of Overl.ai. “By combining our technologies and teams, we are now dedicated to delivering a comprehensive virtual visit experience, encompassing patient management, virtual examination rooms, and virtual consultation workflows. Patients will no longer need to visit healthcare facilities for routine and follow-up appointments, while hospitals will gain new tools to provide efficient, high-quality care.”

TruClinic was founded in 2010 and is headquartered in Salt Lake City, United States. Its founders include Justin Kahn, John Walker, Michael Feldman, and John Bolinder. The company primarily provides telemedicine services. In January 2017, Health magazine named it one of the Top 100 Digital Health Companies of 2016.

Since its inception, TruClinic has secured five rounds of investment, with two disclosing amounts totaling $476,400.

Overl.ai was founded in January 2014, with its headquarters in New York. Its founders include Gilbert Leistner, Vitaly Leokumovich, Alex Zoller, and Vitaly Leokumovich. The company leverages artificial intelligence to enable healthcare institutions to deliver medical services and facilitate remote patient communication through their applications and web services.

The company has received investment in three rounds in total, with the disclosed amount for the seed round being $137,500.