Each year, Adverse Drug Events (ADE) account for nearly 700,000 emergency department visits and 100,000 hospitalizations in the US alone. Nearly 5 percent of hospitalized patients experience an ADE, making them one of the most common types of inpatient errors. What’s more, many of these instances are hard to discover because they are never reported. In fact, the median under-reporting rate in one meta-analysis of 37 studies was 94 percent. This is especially problematic given the negative
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adverse drug events (ADEs)
Parkland Hospital Saves $17M With AI-Powered Predictive Model to Prevent In-Hospital Adverse Drug Events
- Parkland Hospital delivers over $17M in savings preventing in-hospital adverse drug events using an AI-powered predictive model developed by the Park Center for Clinical Innovation (PCCI).- The program, Patients at Risk for Adverse Drug Events (PARADE) demonstrated positive results combating ADEs, a problem that impacts more than 450,000 patients nationwide and increases the risk for re-admissions lengthen the stay of patients by 2 to 3 days and adds almost $4B in extra hospital costs
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EMV Capital Acquires Predictive Adverse Events Platform Wanda
EMV Capital, a London-based early-stage venture investor announced the acquisition and investment in Wanda Inc., a San Francisco-based digital health startup commercializing advanced clinical decision support software powered by machine learning and real-time patient data analysis. EMV Capital’s investment will enable Wanda to accelerate its growth in the North American market, as well as to enter the UK and European markets.Wanda Inc. BackgroundWanda Founded in 2011 from the results of eight
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Allscripts Taps MedAware to Eliminate Prescription-based Medication Errors
MedAware has been selected by Allscripts patient safety and save lives. This is significant as new interoperability challenges arise created by an all-digital healthcare system. In the US alone, 1.5 million prescription errors per year result in injury or death. Nearly every organization has an EHR and physicians are being bombarded by huge stores of patient data. Allscripts has selected MedAware as its partner to put this data to work – to achieve meaningful interoperability and improve care
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