You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Securekloud hit the roof after US arm bags document processing contract

Capital Market 

Securekloud Technologies hit an upper circuit of 5% at Rs 136.15 after the company's step-down subsidiary Healthcare Triangle Inc., USA, was selected by Monument Health to automate document processing through readable.AI.

Monument Health is a community-based health care system headquartered in Rapid City, South Dakota. The system offers care in 31 medical specialties and serves 12 communities across western South Dakota. With over 5,000 physicians and caregivers, Monument Health is composed of 5 hospitals and 38 medical clinics and specialty centers. Monument Health is a member of the Mayo Clinic Care Network.

Healthcare Triangle Inc. is a provider of cloud and data transformation platform and solutions for healthcare and life sciences.

Healthcare Triangle's deep expertise in artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) has helped Monument Health turn their clinical data from disparate sources into actionable insight.

Monument Health has leveraged Healthcare Triangle's cloud-based AI and machine learning readabl.ai solution to automate the process of categorizing data from unstructured reports and pair the right information with the right patients. readabl.ai uses public cloud artificial intelligence and machine learning to recognize and extract information from documents, faxes and narrative reports which adds value as more documents get processed.

"As a trail of records follows patients in their healthcare journey, Healthcare Triangle's readabl.ai solution helps unlock key data while reducing the burden of manual data capture, Suresh Venkatachari, CEO, Healthcare Triangle.

Securekloud Technologies (erstwhile 8K Miles Software Services) is a cloud native company with a combination of products, frameworks and services, designed to solve problems around blockchain, cloud, enterprise security, decision engineering and managed services.

The company reported a consolidated net loss of Rs 14.87 crore in Q2 FY22 as against a net profit of Rs 3.15 crore in Q2 FY21. Net sales during the quarter fell 2.1% YoY to Rs 87.14 crore.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 24 2021. 11:20 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU