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Adjusting Risk with AI

Risk Adjustment Coding Tech Solution, HCC Coding Service Provider

Revolutionizing Risk Adjustment Coding

Our Mission

Our mission at RAAPID is to support the healthcare ecosystem with
risk adjustment solutions and HCC coding services so that healthcare
providers can ensure appropriate reimbursements for patient care
while providing the highest quality of care.

Our Vision

We are committed to developing and deploying advanced
healthcare AI technologies that empower healthcare workers
to deliver affordable care with empathy and positively impact
their lives.

Our Values

ITLab Solution’s leadership team has a long history of success in technology, business management, and franchising.

Integrity

Empathy leading to trust leading to respect

Employee
Centricity

Customer
Centricity

“Can-do”
attitude

Convert challenges into opportunities

Innovation

Employee Diversity

At RAAPID, we believe that diversity fuels innovation, fosters creativity, and drives our success. We are proud to have a team that reflects a wide range of backgrounds, perspectives, and talents. Our commitment to diversity and inclusion is at the core of who we are and how we operate.

Our Team: A Tapestry of Talents

We have assembled a team of exceptional individuals who bring unique experiences and expertise to the table. From different cultures and walks of life, our team members collaborate, challenge one another, and work together to push the boundaries of AI technology.

Our People

Meet the Leadership Team

ITLab Solution’s leadership team has a long history of success in technology, business management, and franchising.

Chetan Parikh

Founder & CEO

Parikh is a serial healthcare entrepreneur and has over 15+ years of experience in the AI Data category. At heart, he is a technologist and strongly believes that for any company to become a significant & formidable player, a strong technology backbone is essential.

Vatsal Ghiya

Co-Founder

With over 20+ years of experience in healthcare AI software and services, Ghiya is the owner of a medical transcription company having a vast amount of US healthcare domain knowledge.

Michael Clark

President & Chief Growth Officer

Clark has over 20 years of experience in the healthcare domain and is an accountable leader with experience driving results by transforming and reinventing products and services globally.

Payam Mousavi

ML Research Scientist

Mousavi has over 15 years of experience in project management and as a solution architect. He is an engineering specialist who is famed and well-recognized for architecting and delivering innovative solutions across multiple industries including public, insurance, financial services, healthcare & telecommunications in North America, Europe & Asia.

Our Value

Our History

2004
Setting foot in the MT space

Our roots go back to the medical transcription company we kick-started to solve problems in the healthcare sector. Chetan Parikh and Vatsal Ghiya became roommates and best friends as engineering students at the University of Massachusetts. They started a company providing medical transcription services in a wide range of specialties. Offering high quality services at a reasonable price, opened doors to long-lasting customer relations and exceptional feedback attracting instant referrals.

2010
Honing the NLP expertise

We deep dived in the clinical NLP engine and user interface for coding and documentation workflow. A revenue cycle management platform together with APIs was launched.

2015
Transforming the future of healthcare

Started offering CAC and CDI solutions. These were launched with early customers, validating market demand and technology capabilities.

2018
Redefining healthcare delivery

Introduced CAC and CDI capabilities for the out-patient and ambulatory market. During a client interaction with a fortune 10 company, the idea of Shaip was conceptualized. This marked the start of a tremendous journey that has brought together a team of top software engineers, transcriptionists, data scientists, researchers, and designers who set out to build the world’s best medical AI platform. The goal was to organize medical data to improve patient care and reduce healthcare costs.

2021
Next-generation AI/ML based SaaS

Ventured into retrospective risk adjustment to transform value-based care. RAAPID uses industry-leading Knowledge Graph Infused Clinical NLP technology to bring you better outcomes in every sense. Get auto code suggestions, review charts, validate codes and get actionable clinical insights right at your fingertips.

2004
Setting foot in the MT space

Our roots go back to the medical transcription company we kick-started to solve problems in the healthcare sector. Chetan Parikh and Vatsal Ghiya became roommates and best friends as engineering students at the University of Massachusetts. They started a company providing medical transcription services in a wide range of specialties. Offering high quality services at a reasonable price, opened doors to long-lasting customer relations and exceptional feedback attracting instant referrals.

2010
Honing the NLP expertise

We deep dived in the clinical NLP engine and user interface for coding and documentation workflow. A revenue cycle management platform together with APIs was launched.

2015
Transforming the future of healthcare

Started offering CAC and CDI solutions. These were launched with early customers, validating market demand and technology capabilities.

2018
Redefining healthcare delivery

Introduced CAC and CDI capabilities for the out-patient and ambulatory market. During a client interaction with a fortune 10 company, the idea of Shaip was conceptualized. This marked the start of a tremendous journey that has brought together a team of top software engineers, transcriptionists, data scientists, researchers, and designers who set out to build the world’s best medical AI platform. The goal was to organize medical data to improve patient care and reduce healthcare costs.

2021
Next-generation AI/ML based SaaS

Ventured into retrospective risk adjustment to transform value-based care. RAAPID uses industry-leading Knowledge Graph Infused Clinical NLP technology to bring you better outcomes in every sense. Get auto code suggestions, review charts, validate codes and get actionable clinical insights right at your fingertips.

Locations

Wherever you are based in the world, you can find us.

  • United States: 1270 Beverley Rd Brooklyn 11226 New York
  • Canada: 36 Toronto Street, Suite 600, Toronto, ON M5C2C5
  • Australia: Level 3, 551 Swanston Street Melbourne
  • Viet Nam: No 6G  44 Quan Nhan street Cau Giay district HN

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