March has seen a slew of executive hires, exits and layoffs across the healthcare industry. For example, providers like Providence and Geisinger have appointed new C-suite leaders, and companies like Blue Shield of California and Evernorth have undergone CEO exits. There were also layoffs at organizations including HHS, Blue Cross of Idaho and the University of Pennsylvania Health System.
Patient flow automation startup Qventus closed a $105 million Series D financing round. The company’s technology is used by more than 115 hospitals and health systems, including Northwestern Medicine, Banner Health and Allina Health.
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Automation startup Qventus launched a new AI assistant designed to alleviate healthcare staff’s administrative burden by completing mundane tasks for them. The assistant was built in collaboration with health systems, including Northwestern Medicine, Ardent Health and Allina Health.
Banner Health is deploying Qventus’ perioperative technology across the entire organization following the success of an initial pilot. The software integrates with EHRs and uses machine learning to automate operating room scheduling processes and maximize surgical caseloads.
After adopting Qventus’ perioperative solution, Allina Health has seen significant gains in surgical case volume and operating room efficiency in just a few months of using the software. The health system's vice president of surgical services and orthopedics recommended that other health systems adopt automation technology. He said the ROI was clear, but the health system declined to provide actual dollar figures.
Neenah, Wisconsin-based health system ThedaCare announced it is investing $3 million into Qventus, a SaaS company that uses artificial intelligence to automate care operations. The health system will collaborate with Qventus to develop new products, as well as support the company in expanding its technology to additional hospitals across the country.
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Wheat Ridge, Colorado-based Lutheran Medical Center, which is part of SCL Health, is using Qventus' technology in the inpatient setting to better coordinate patient discharges.
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The company's machine learning tools have been used to reduce wait times in the emergency room and to make more efficient use of operating rooms, among other areas.