HOSPITAL IQ ACCELERATES ADOPTION OF PREDICTIVE ANALYTICS IN HEALTHCARE
More Hospitals and Health Networks Choosing Hospital IQ’s Platform to Improve Throughput, Procedural Volume and Operational Effectiveness
NEWTON, MA, December 13, 2018 — Hospital IQ, the leading provider of predictive hospital operations software, today announced that the number of hospitals and health networks using its platform has more than tripled during 2018. The company’s momentum reflects the urgent need for healthcare executives to gain the operational clarity necessary to achieve superior financial and clinical operating performance without additional investments in capacity or staff. Hospital IQ also announced the addition of two industry veterans, Brian Graves, vice president, sales, and Bryan Dickerson, senior director, workforce solutions, to support the company’s continued, rapid growth.
“Healthcare costs are soaring. Hospital leaders are under enormous pressure to reduce costs, grow revenue and still maintain the highest level of patient care,” said Rich Krueger, CEO, Hospital IQ. “Data and data science hold many of the answers, yet most institutions still rely on labor-intensive, error-prone analysis when using data to make decisions. The Hospital IQ platform delivers the foreknowledge that healthcare executives require to align capacity and labor to true demand days in advance, giving them the ability to optimize margins, throughput and utilization while still ensuring access to quality care.”
Customer Acquisition Underscores Platform Strength
During 2018, Hospital IQ saw a 250% increase in the number of hospitals across the U.S. deploying its solutions. This growth was seen across both academic and large health systems, regional hospitals, as well as across several market-leading electronic health record (EHR) platforms, such as Epic, Cerner and Allscripts.
The Hospital IQ platform is a cloud-based solution that combines advanced analytics, machine learning and simulation technology to help executives gain insight around key operational areas. The core components of the Hospital IQ platform include:
Hospital IQ for Census enables hospital leaders to anticipate and mitigate census-driven operational bottlenecks before they happen. The Census solution delivers scorecards, demand forecasts and outlier identification capabilities that enable emergency department and inpatient leadership to optimize patient throughput, labor and capacity across the hospital or entire health system.
Customers using Hospital IQ Census have reported improvements, such as:
- 15% decrease in length of stay
- 10% decrease in emergency department boarding time
- 50% decrease in patients leaving emergency department without being seen
Hospital IQ for Perioperative applies hospital-specific policies, machine learning and optimization algorithms to perioperative data to accurately forecast OR usage and make recommendations that will improve block, OR and staff utilization, as well as grow volume. Leading hospitals and health networks have deployed the solution to improve productivity and grow volume without increasing costs.
Customers using Hospital IQ for Perioperative reported improvements, such as:
- 13% increase in OR utilization
- 4% increase in surgical volume
Hospital IQ for Infusion automatically optimizes daily scheduling to maximize throughput, balance staff workload and reduce patient wait times. Customers deploying Hospital IQ for Infusion have seen a 15% decrease in patient wait times, improved staff satisfaction and increased case volume.
Industry Veterans Bring Workforce Management Expertise
To accelerate market momentum, Hospital IQ has appointed Brian Graves as vice president, sales, and Bryan Dickerson as senior director, workforce solutions. Graves brings more than 25 years of healthcare IT experience to Hospital IQ. He has held a variety of positions in the healthcare industry, including sales, marketing, business development and service delivery at leading organizations, such as MEDITECH, Pyxis, Picis, Kronos and Connance. Dickerson brings 30 years of healthcare workforce management experience, having previously worked for API Healthcare (now Virence).
About Hospital IQ
Hospital IQ provides an operations management software platform that gives hospitals and health systems the visibility and actionable insights they need to make informed, data-driven operational decisions that improve patient access, clinical outcomes and financial performance. Our cloud-based software platform combines advanced data analytics, machine learning and simulation technology with an easy-to-use, intuitive user interface to deliver optimized surgical resource alignment, patient flow, and scheduling capabilities. Leading institutions including Boston Medical Center, Mercy Medical Center Des Moines, and Miami Cancer Institute rely on Hospital IQ to help them make the right operational decisions the first time, every time. To learn more, visit www.hospiq.com