Empiric Health, a health IT startup that activates evidence-based healthcare delivery to improve both clinical outcomes and operational efficiency has raised $3M in seed funding from Intermountain Helathcare. The company plans to use the seed funding to to commercialize and expand the company’s service offering and workflow optimization tools, which will help health systems uncover and address variations in procedures and improve outcomes.
Formed by Intermountain Healthcare and Oxeon earlier this year, Empiric Health’s technology-enabled service has proven success in addressing variation in cost and outcomes for clinicians and health system administrators. Unlike traditional solutions, Empiric Health evaluates actual clinical and patient outcomes data, structured according to proprietary, physician-approved procedure groupings to ensure accuracy. Once variation is identified, clinicians are engaged individually and at a service line level to reach consensus on the best way to deliver care.
The company’s initial offering is based on Intermountain’s ProComp program. Clinicians built this program to help understand how differences in the way surgical procedures are performed – from supply utilization to staffing – impact patient outcomes and overall cost of care. Over the past four years, the program has created operational efficiencies resulting in more than $90M in savings for Intermountain and its patients, including reduced supply cost and length of stay.
“It’s our goal to build out Empiric’s proprietary analytics framework and services so that clinicians and healthcare leaders can easily access relevant information that enables them to deliver high-quality, affordable care,” said Rick Adam, chief executive officer of Empiric Health in a statement. “It is our responsibility to provide tools and services that empower clinicians and benefit patients. This funding will help us do that. We are honored to partner with and be supported by Intermountain as we continue our work at Empiric Health.”
