In this article from MobiHealthNews, digital health executives share their biggest takeaways from 2024. Here's what Qventus co-founder and CEO, Mudit Garg, had to say: "Reducing the burden of below license logistical tasks on healthcare workers has never been more urgent. We are facing looming labor shortages, estimated at one million too few nurses by 2030, and nearly 50% of provider time is spent on administrative tasks below-license. In 2024, health systems recognized behind-the-scenes solutions like automating archaic processes and reducing administrative burdens. 2025 will mirror what we saw this past year: the solutions that can seamlessly integrate with existing EHRs and workflows and deliver measurable ROI will continue to gain the most traction." Read the full article here: https://lnkd.in/ge_hTSVK
Qventus, Inc
Hospitals and Health Care
Mountain View, California 12,986 followers
The Leader in Care Operations Automation
About us
Qventus is the leading system for care operations automation. Building on formative experiences at Stanford and McKinsey, Qventus was founded in 2012 with the belief that world-class healthcare requires world-class operations. With backing from leading investors including Bessemer Venture Partners, Norwest Venture Partners, and the Mayfield Fund, the company has raised more than $45M to develop a complete system for transforming the operations of health systems and hospitals nationwide. Integrating with EHRs, the Qventus real-time automation platform uses AI and behavioral science to power best practice solutions for operational challenges in inpatient and perioperative settings. Qventus is a proven partner with hundreds of deployments in community hospitals, academic medical centers, and large health systems across the country, including Bon Secours Mercy Health, CommonSpirit Health, HonorHealth, M Health Fairview, and Saint Luke’s Health System. With Qventus, these systems have been able to achieve significant and sustained outcomes, including 30-50% fewer excess days, 1 full day reduction in length of stay, and over 2 new cases added per operating room per month, translating to over $10 million dollars of annual financial value per facility. Qventus has been recognized by Black Book Market Research as #1 in Client Satisfaction for Patient Flow Solutions and has received accolades from the UCSF Digital Health Awards, Robert Wood Johnson Foundation, and Fast Company’s World Changing Ideas. For more, visit www.qventus.com.
- Website
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http://www.qventus.com
External link for Qventus, Inc
- Industry
- Hospitals and Health Care
- Company size
- 51-200 employees
- Headquarters
- Mountain View, California
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Prescriptive analytics, Healthcare, Lean, Performance Improvement, Data-Driven Decision Making, Inpatient, and Command Centers
Locations
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Primary
Get directions
295 Bernardo Ave
Mountain View, California 94043, US
Employees at Qventus, Inc
Updates
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In this Nasdaq article, Jason Cohen, Chief Medical Officer, Inpatient, at Qventus, shares how AI-powered technology helps health systems increase capacity, enhance operational efficiency, and improve patient care. Some examples: 🟣 Decreasing administrative burden on care teams by automating below-license tasks. 🟣 Reducing length of stay by auto-populating EDDs and dispositions early on in a patient's stay, identifying opportunities for earlier discharge, and optimally sequencing ancillary orders to best support patient flow. 🟣 Increasing OR utilization and boosting revenue by optimizing surgical scheduling, improving utilization of high-value assets, and identifying opportunities for strategic growth. Read more here: https://lnkd.in/esU49TRr
AI as a Catalyst for Transformation in Healthcare Operations
nasdaq.com
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These numbers are staggering! Unused OR time is a major problem resulting in lost revenue and longer wait time for patients. The Qventus Perioperative Solution can help you improve OR utilization and grow your case volume strategically. https://lnkd.in/e6M6uT2i
Pediatric Surgeon Medical DIrector of Surgical Services American family Children's Hospital
Surgical Scheduling and Surgical Schedulers: Another $35 BN/year problem Given the events of the last week, it is tempting to opine on healthcare insurance companies and how they increase their bottom line by demanding prior authorizations and denying claims. However, with so many people opining on this currently, I don’t see the need for an additional voice right now. Instead, we will consider surgical schedulers, their critical role in the complex process of scheduling surgeries, the lack of suitable, informatic-based tools available to them and the need for AI-algorithmic solutions in this space. But first some here are some byte sized indices on that topic. Strategic Healthcare Indices Number of hospital-based ORs in the United States; 38,329 Average percent of hospital revenue generated by ORs: 60% Charges for a hospital OR minute: ~$153 Average amount of unused elective time per day (M-F, 7:30 AM -5:00 PM) for an 8-OR suite running at 75% utilization: 16.5 hours Percent unused time lost after the last case of the day before 5PM: 50% Average revenue lost due to unused time at the end of the day (per OR): ~$3,500 Per OR per year: ~$889,000 Amount of revenue lost at the end of the day annually (all ORs in U.S.A.): ~$34,074,481,000
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Ardent Health, a leading provider of healthcare services in communities across the country, is using Qventus’ Perioperative Solution to help them meet their goals of delivering life-saving surgeries to patients sooner and improving care across the United States. Aaron Epstein sat down with John Latina, Ardent’s Chief of Enterprise Services, to get his perspective on the impact our partnership is having. Read here: https://lnkd.in/eUH7Tcmb
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Qventus has been named a 2024 Customer Value Leader by Frost & Sullivan. We’re honored to be recognized for both our industry-leading technology and our partnership-focused approach in the patient flow management industry. From the report: “While Qventus' technology is undoubtedly impressive, their relationship with clients is what truly stands out. Clients overwhelmingly view Qventus as a partner, not just a software vendor. They have a deep understanding of each client's unique challenges and configure solutions to solve them.” Read more here: https://lnkd.in/eFRBJTuf
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Focused on increasing robotic utilization? This blog shares 3 strategies that can help: https://lnkd.in/eaCmd37k #RoboticSurgery #HealthcareAI #Qventus
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Happy Thanksgiving! At Qventus, we're thankful for all of our health system partners who are aligned in our mission to simplify healthcare operations, and for the frontline care teams who provide exceptional patient care day in and day out. We're grateful to be able to support efficient healthcare delivery so more patients can get timely care.
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Banner Health is leveraging our perioperative solution to optimize OR utilization, and the results are impressive: 🟣 2+ cases per OR per month 🟣 600+ hours of robotic capacity unlocked 🟣 350+ hours of block released early each month Learn more here: https://lnkd.in/eJmkBpup
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5 steps to achieving thoughtful surgical growth: 1️⃣ Develop your growth strategy 2️⃣ Leverage personalized machine learning and artificial intelligence 3️⃣ Engage with surgeon offices 4️⃣ Maximize your high-value assets 5️⃣ Fill every white space with the right surgical case Read this blog from David Atashroo, MD, Chief Medical Officer, Perioperative, to learn more. https://lnkd.in/eFbCpJHm
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This week, at The Health Management Academy's Chief Operating Officer Forum, Mudit Garg, Co-founder and CEO at Qventus, joined James Whitfill MD MBA, CTO at HonorHealth, and Riana Kielly, Hospital Administrator at HonorHealth, for a panel discussion about HonorHealth's strategic adoption of AI and their partnership with Qventus. The discussion, moderated by Kim Post, DNP, MBA, RN, NEA-BC, COO at HonorHealth, covered HonorHealth's approach to implementing AI across the system, and its success in improving LOS and increasing OR access and strategic growth through its partnership with Qventus.
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