Wolters Kluwer acquires U.S. AI-enabled drug diversion detection software
Technology leader seeks to help tackle growing drug diversion challenge in the U.S.
- Technology leader seeks to help tackle growing drug diversion challenge in the U.S.
Waltham, MA – June 7, 2023 – Wolters Kluwer Health today announced it has signed and completed the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. - Drug diversion is a growing challenge in the U.S. healthcare system, costing some $70 billion per year.
- Flowlytics reconciles drug transactions from purchase to patient and uses AI to rapidly and accurately identify patterns of behavior consistent with drug diversion.
- A five-year National Institutes of Health-funded study found that Flowlytics detected cases of drug diversion faster and with more efficiency than legacy solutions.² In addition to detection, the solution also supports diversion investigation, adjudication, and reporting workflows.