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Configo Health, a company developing artificial intelligence-powered data analytics solutions for pediatric healthcare facilities, launched Nov. 18 with the announcement of Texas Children's Hospital and Children's National Hospital as founding investors.

Configo Health extracts administrative data from pediatric hospitals to create a comprehensive dataset of near-real-time benchmarked data. The HIPAA-protected information is available for use by patients, public ratings organizations and pediatric care facilities, which can use the compiled performance data to reduce readmissions and improve outcomes.