IKS Health Unveils AI Platform on Google Cloud and Invests $10 Million in US Subsidiary
Inventurus Knowledge Solutions has introduced a generative AI platform using Google Cloud technologies to automate healthcare administration tasks. The platform can handle up to 80% of routine tasks, potentially reducing clinician burnout. Additionally, the company has invested $10,001,605 in its US subsidiary, Inventurus Knowledge Solutions Inc., acquiring 15,550 equity shares at $643.19 per share for working capital purposes.

*this image is generated using AI for illustrative purposes only.
Inventurus Knowledge Solutions , a global leader in care enablement solutions, has announced the launch of a generative AI platform built on Google Cloud technologies. This system aims to revolutionize healthcare administration by automating routine tasks and reducing the burden on healthcare professionals. Additionally, the company has made a significant investment in its US subsidiary.
Key Features of the AI Platform
- Multi-Agent System: The platform utilizes a multi-agent system capable of handling various healthcare administrative tasks.
- Workflow Automation: It can manage prior authorizations, ambient documentation, charting, coding, order capture, and claim submissions.
- Advanced AI Capabilities: Powered by Google Cloud's Gemini family of models, Agent Development Kit (ADK), and Vertex AI.
- Human-in-the-Loop Technology: Ensures accuracy and clinical safety by incorporating human oversight when medically necessary.
Potential Impact on Healthcare Administration
According to the announcement, the AI platform is designed to:
- Autonomously handle up to 80% of routine, repetitive tasks previously done by humans.
- Significantly reduce the administrative burden on healthcare professionals.
- Improve efficiency in insurance approvals and document processing.
Industry Context
The launch of this platform comes at a crucial time for the healthcare industry:
Administrative Burden | Clinicians | Staff |
---|---|---|
Weekly Hours Spent | 28 | 34-36 |
A Google Cloud study conducted by The Harris Poll revealed that over 80% of clinicians experience burnout due to record-keeping, insurance forms, and prior authorizations. These administrative tasks also reduce patient time for 80% of providers.
Company Background
Inventurus Knowledge Solutions, founded in 2006, has been recognized for its innovations in healthcare technology:
- Top provider of AI-driven RCM services by Black Book
- Acknowledged by KLAS for performance and client satisfaction
- Recipient of the 2025 DORA Award from Google Cloud for "Augmenting Human Expertise with AI"
Investment in US Subsidiary
Inventurus Knowledge Solutions Limited has invested $10,001,605.00 in its wholly owned subsidiary, Inventurus Knowledge Solutions Inc. The investment involves acquiring 15,550 equity shares at $643.19 per share for working capital purposes. The subsidiary, incorporated in Delaware in 2006, provides technology-enabled healthcare solutions to US healthcare providers.
Key details of the investment:
- Transaction expected to complete by October 31, 2025
- Subsidiary's revenue performance:
- FY 2024-25: INR 6,941.11 million
- FY 2023-24: INR 7,027.85 million
- FY 2022-23: INR 6,054.66 million
Future Outlook
The partnership between Inventurus Knowledge Solutions and Google Cloud, coupled with the investment in its US subsidiary, signifies a step towards transforming healthcare workflows. By leveraging AI technologies and strengthening its US operations, the company aims to create a connected care ecosystem that could potentially redefine how administrative tasks are managed in healthcare settings.
As the healthcare industry continues to grapple with administrative inefficiencies, solutions like Inventurus Knowledge Solutions' AI platform and strategic investments may play a role in alleviating these challenges, ultimately allowing healthcare providers to focus more on patient care.
Historical Stock Returns for Inventurus Knowledge Solutions
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.13% | -1.55% | -2.71% | +6.46% | -23.10% | -23.10% |