Qventus
What if A.I. and machine learning could make healthcare more personal, more human?
Qventus’ mission is to simplify how healthcare operates so that hospitals and caregivers can focus on providing the best possible care to patients. The company offers an AI-based software platform that helps hospital teams make better operational decisions in real-time, with positive impacts to financial performance and patient experience. Qventus addresses operational challenges across the hospital including emergency departments, perioperative areas, patient safety, inpatient and outpatient. Located in Silicon Valley, Qventus is honored to be working with leading public, academic and community hospitals. The company was recognized by Fast Company as one of the Worlds Most Innovative Companies in the Healthcare space for 2018. And, received the 2016 Fierce Innovations Awards in Healthcare, winning for Best Financial/Operations Solutions and Best New Product. The company was also recognized by Healthcare Informatics as a 2017 Innovator Award winner, receiving the award for leading ‘Cost Savings’ technology. @qventus For more information about Qventus, please visit www.qventus.com.
More about Qventus
Mudit Garg: AI will fix healthcare’s biggest and least sexy problem
Q: What is the story behind the central idea that inspired the creation of your organization/company?
Mudit and the team at Qventus want to help hospitals and health systems evolve into organizations that adapt in the moment, based on the situation, to provide the best care to patients. To do this, hospitals need a path from systems of record (EMRs) to systems of action with real-time insights provided by data at the time of care. Qventus is that path. A platform that enables real-time, data-based decision making across hospital operations.
Q: What's the most inventive, innovative, or disruptive aspect of your initiative?
Qventus is a platform for operational decision-making using artificial intelligence and machine learning to extract actionable insights from the data that hospitals generate every day. The artificial intelligence-based software solution is constantly monitoring data flow throughout the hospital and provides text-based “nudges” to the front-line teams so that they can take appropriate course corrections in the moment, before bottlenecks occur. The system also provides at-a-glance dashboard views for care teams that need to view the data from monitors. And, the system provides executive teams the ability to evaluate data at a deep-dive level for any snapshot in time, without the need of a dedicated data analyst. Results include improved financial performance, enhanced patient experience and safety while reducing cognitive burden on frontline teams.
The numbers speak for themselves:
- Within five months of deploying Qventus, Mercy Hospital Ardmor’s ER saw a 55 percent decrease in patients who left without being seen.
- Six months after implementation, El Camino Hospital reduced patient falls by 39 percent.