On Wednesday, Mayo Clinic announced it will commercialize its analytics, publishing and sharing algorithms with healthcare enterprises to improve patient outcomes. Utilizing Apervita’s secure self-service health analytics platform, healthcare enterprises can leverage Mayo Clinic’s robust portfolio of health analytics to improve patient care. Mayo Clinic will join other prominent health institutions in the growing Apervita analytics community of providers who are already utilizing the platform.
Benefits of Sharing Algorithms
Mayo Clinic’s decision to offer its algorithms through Apervita empowers health enterprises everywhere to leverage Mayo’s portfolio of algorithms, which includes a large number of specialties, such as cardiovascular, pulmonology, and oncology. “At Mayo, one of our most scalable assets is our knowledge. We have found sharing knowledge significantly improves the efficacy of care delivery, improving quality and driving down costs. Sudden cardiac arrest is a leading cause of death among adults over the age of 40,” said Paul Friedman, MD Vice-chair, Cardiovascular Medicine, and Director, Cardiac Electronic Implantable Device Lab at Mayo Clinic in a statement. For example, Mayo is sharing an algorithm that can automatically identify patients at risk for sudden cardiac arrest for an appropriate consultation.
How It Works
Apervita empowers health professionals and enterprises to capture and share health knowledge, allowing them to easily author, publish and use health analytics, such as algorithms, quality and safety measures, pathways, and protocols. The Apervita health analytics market liberates this knowledge and makes it readily accessible so that every health professional can take advantage of it. Health enterprises no longer need to hard code analytics into their existing systems or buy siloed analytic systems. By selecting trusted analytics from globally renowned institutions, health enterprises can readily improve their workflow, inserting insight where it is most needed.
Key Benefits
Example uses of Apervita’s health analytics market for providers include:
– Create a patient safety dashboard. Use your own measure data and choose public measures from the Apervita marketplace. Share it with your safety taskforce.
– Using the latest medical algorithms, providers can detect readmission risks across your populations. Monitor high risk patients at admission and discharge, by disease.
– Quickly identify outliers and deteriorating patients. Providers can choose evidence-based algorithms from the marketplace or create your own. Take action early to avoid unnecessary harm.
The Chicago-based company recently completed an $18 million Series A funding round, led by GE Ventures and Baird Capital with participation from Pritzker Group Venture Capital, Math Ventures and existing investors.
Disclosure: Mayo Clinic and Dr. Friedman have a financial interest in the technology and the revenue Mayo receives supports its nonprofit mission in patient care, education and research.
