Vijay Kedar, Co-Founder and CEO at Tomorrow Health Health systems will realize their challenges are not transitory but systemic: This year saw health systems facing a myriad of compounding threats – from historic inflation exacerbating their cost structures, front-line clinician burnout driving widespread labor shortages, and increased capacity issues that left patients in hospital facilities one full day longer than in the prior year. As the financial markets turned south, many institutions
Read More
Growing Surgical Revenue, OR Automation Named Top Priority for Health Systems
What You Should Know: - Increasing surgical services revenue is a top priority for healthcare systems, with automation seen as a way to accomplish it, according to a new survey of healthcare executives conducted by The Health Management Academy. - Seventy-six percent of respondents named increasing surgical services revenue as a top priority, while half the health systems represented said they plan to increase investments across their surgical services in the next two
Read More
ThedaCare Invests $3M in Qventus to Deploy AI-Enabled Care Operations Automation
What You Should Know: Health system ThedaCare announced it has invested $3M in Qventus and it also deploying the technology to drive operational efficiencies in inpatient and perioperative care settings and across its organization. Through the investment, ThedaCare will collaborate with Qventus to develop new solutions and innovations, as well as support Qventus in expanding its technology to additional hospitals and health systems across the United
Read More
Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
Read More
Stanford Alumni Scientists, Physicians Launch StartX Med COVID-19 Task Force
What You Should Know: - More than 1500 Stanford faculty and alumni announced the launch of StartX Med COVID-19 Task Force featuring 70+ StartX Med Innovators with medical breakthroughs for the prevention, diagnostics, and treatment of coronavirus mobilize efforts to fast-track public health needs during the pandemic. - The StartX Med COVID-19 Task Force will collaborate on outreach to government agencies, regulatory bodies and healthcare systems in the interest of public health for
Read More
Qventus Lands $30M to Expand AI Platform for Hospital Operations
Qventus, a hospital operations management solution for health systems that leverages artificial intelligence (AI), announced that it has secured $30M in Series B funding led by Bessemer Venture Partners, with participation from NewYork-Presbyterian Hospital as well as existing investors Mayfield Fund and Norwest Venture Partners. The funding comes at a time when health systems are struggling to provide services to their communities at sustainable margins. The company, which has now raised over
Read More
Qventus Expands Artificial Intelligence Platform to Operative Room
Qventus, an AI-based software platform that solves operational challenges across the hospital has announced the expansion of its platform to the perioperative environment, including the operating room (OR). Perioperative care generally represents 50 to 60 percent of hospital revenue. Almost 80 percent of preventable same-day surgical cancellations are due to process failures, such as patients not showing up for surgery, lack of equipment or beds and the OR behind schedule. These cancellations
Read More
A.I. For Hospital Operations Company analyticsMD Rebrands As Qventus
analyticsMD, an AI-based software platform that solves operational challenges across the hospital including emergency departments, perioperative areas, and patient safety has rebranded as Qventus to reflect the company's rapidly growing product offerings. The new name was inspired by the belief that emerging technology can power the winds of change in healthcare. It underscores the company's mission to simplify how healthcare operates so that hospitals and caregivers can focus on providing the
Read More
