Forian Partners With Databricks to Expand Access to Advanced Healthcare Analytics
December 16 2024 - 8:00AM
Forian Inc. (Nasdaq: FORA), a leading provider of data science
driven information and analytics solutions to the life science,
healthcare and financial services industries, today announced a
partnership with Databricks, the data and AI company, to deliver
access to its Chartis™ product, which maps physician and
organization affiliations, through Databricks Marketplace. This
collaboration will empower healthcare organizations with enhanced
visibility into Forian’s robust information products, driving
innovative solutions in healthcare research, drug development and
patient care.
Using Forian’s proprietary scoring algorithm, Chartis™ is
designed to uncover and track valuable provider connections to
enhance decision-making across the healthcare ecosystem. Employing
an innovative event-based approach, Chartis™ prioritizes proximity,
recency and share of services performed at various organizations to
deliver unparalleled levels of insight and clarity.
The Databricks Marketplace is an open marketplace for data,
analytics and AI, powered by Delta Sharing. Delta Sharing is
Databricks’ open source approach that enables customers to share
live data across platforms, clouds and regions within a platform
that prioritizes security and governance.
“We are excited to partner with Databricks to extend the reach
of our solutions,” said Max Wygod, Chief Executive Officer of
Forian. “This collaboration enables us to deliver our high-quality
data products like Chartis™ to a broader audience, empowering
researchers, pharmaceutical companies and healthcare leaders with
the tools they need to drive meaningful improvements in patient
care and outcomes.”
Forian’s participation in the Databricks Marketplace underscores
its commitment to making high-quality healthcare support for
studies more accessible and actionable. The partnership aligns with
Forian’s mission to provide insights that advance health outcomes
by enabling more organizations to leverage real-world evidence in
their decision-making processes, accelerating the development of
therapies and interventions that improve patient outcomes.
"As the demand for data intelligence grows, we are thrilled to
integrate Forian’s Chartis™ product into the Databricks
Marketplace," said Jay Bhankharia, Sr. Director of Marketplace and
Data Partnerships at Databricks. "Offering access to Forian’s
Chartis™ product through Delta Sharing will allow insights into
patient care, treatment patterns and market dynamics and will open
up new avenues for innovation and efficiency across the healthcare
and life sciences landscape.”
About Forian
Forian Inc. provides a comprehensive suite of data management
and analytics solutions designed to optimize operational, clinical
and financial performance in the life sciences and healthcare
sectors and, with its recent acquisition of Kyber Data Science, in
the financial services sector. Leveraging industry-leading
expertise, Forian integrates, normalizes and commercializes
large-scale healthcare information. Through Real World Evidence
(RWE) studies, custom segmentation and profiling, market analytics
or campaign ROI, Forian helps healthcare stakeholders better
understand their customers, products and markets. Forian’s
multi-dimensional platform aggregates, cleanses and links key
cohorts to create a unique information ecosystem, generating
proprietary, evidence-based insights. For more information, visit
www.forian.com.
Cautionary Statements Regarding Forward-Looking
Statements
This release contains “forward-looking statements” within the
meaning of the federal securities laws, including Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In this context,
forward-looking statements often address expected future business
and financial performance and financial condition, which often
contain words such as “expect,” “anticipate,” “intend,” “plan,”
“believe,” “seek,” “see,” “will,” “would,” “target,” similar
expressions and variations or negatives of these words.
Forward-looking statements by their nature address matters that
involve risks and uncertainties, many of which are beyond our
control and are not guarantees of future results, such as
statements about future financial and operating results, company
strategy and intended product offerings and market positioning.
These and other forward-looking statements are not guarantees of
future results and are subject to risks, uncertainties and
assumptions that could cause actual results to differ materially
from those expressed in any forward-looking statements.
Accordingly, there are or will be important factors that could
cause actual results to differ materially from those indicated in
such statements and, therefore, you should not place undue reliance
on any such statements and caution must be exercised in relying on
forward-looking statements. Factors that could cause actual results
to differ include, but are not limited to, those risks and
uncertainties associated with operations, strategy and goals, our
ability to execute on our strategy and the additional risks and
uncertainties set forth more fully under the caption “Risk Factors”
in Forian’s Annual Report on Form 10-K for the year ended December
31, 2023, as filed with the SEC on March 29, 2024, and elsewhere in
Forian’s filings and reports with the SEC. Forward-looking
statements contained in this release are made as of the date
hereof, and we undertake no duty to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable law.
Media and Investor Contact:Forian Media
Relationsmarketing@forian.com forian.com/investors ir@forian.com
267-225-6263 SOURCE: Forian Inc.
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