Hospitals can save billions by improving operational efficiencies; Qventus just raised millions to help

INSUBCONTINENT EXCLUSIVE:
internal operations, according to a study from the Journal of the American Medical Association.While there are many factors that contribute
to the woeful state of healthcare in the United States , with greed chief among them, the 2012 study points to one area where hospitals have
nothing to lose and literally billions to gain by improving their patient flows.The problem, according to executives and investors in the
develop a software-based service that throws out dashboards and analytics tools and replaces it with a machine learning-enhanced series of
with a series of dashboards and data management tools to provide visibility to the hospital administrators and operators about what was
happening in their healthcare facilities
hospitals to act on, so Garg and company went back to the drawing board.What they finally came up with was a solution that used the data and
predictive capabilities to start suggesting potential recipes for dealing with situations in hospitals
Rather than saying that a certain number of patients were likely to be admitted to the hospital, the software suggests actions for
addressing the likely scenarios that could occur.For instance, if there are certain times when the hospital is getting busier, nurses can
start discharging patients in anticipation of the need for new capacity in an ICU, Garg said.Photo courtesy of Paul BurnsThat product, some
six years in the making, has garnered the attention of a number of top investors in the healthcare space
investors and new lead investor, Bessemer Venture Partners
Strategic backer New York Presbyterian Ventures, the investment arm of the famed New York hospital system, also participated.So far, Qventus
or black box technology to change their clinical workflow vs