Qventus
Founded Year
2012Stage
Corporate Minority | AliveTotal Raised
$96.84MLast Raised
$3M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-20 points in the past 30 days
About Qventus
Qventus provides hospitals and health systems. The company offers predefined machine learning (ML) models and software templates. It develops algorithms to analyze hospital data along with operational and clinical metrics. Qventus was formerly known as AnalyticsMD. It was founded in 2012 and is based in Mountain View, California.
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Qventus's Product Videos
ESPs containing Qventus
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The capacity management platforms market enables healthcare facilities to address operational waste and inefficiencies, such as excess hospital days, unused operating room time, and long wait times in emergency departments. These platforms use AI, machine learning, and predictive analytics to optimize resource utilization, improve patient access and satisfaction, and reduce staff burnout. The mark…
Qventus named as Leader among 8 other companies, including Veradigm, Caresyntax, and LeanTaaS.
Qventus's Products & Differentiators
Qventus Perioperative Solution
Qventus Perioperative Solution enables health systems to drive end-to-end surgical growth by using automation. Built on top of the Qventus real-time automation platform, the solution consists of four modules that together unlock OR time and automatically grow case volume: Access uses ML to identify blocks likely to be unused and “nudges” stakeholders with embedded behavioral science principles to encourage proactive release Growth scans all open slots, automatically offering open times to the best-fit surgeons, and also provides a web portal for offices to see all available times and easily add cases OR Insights closes the loop by surfacing actionable efficiency insights to surgeons and perioperative leaders Market Insights offers exclusive access to the most recent and actionable market data
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Research containing Qventus
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Qventus in 3 CB Insights research briefs, most recently on Sep 22, 2023.
Sep 22, 2023
The revenue cycle management market mapExpert Collections containing Qventus
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Qventus is included in 5 Expert Collections, including Conference Exhibitors.
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Digital Health 50
150 items
2022's cohort of the most promising digital health startups transforming the healthcare industry. Winners were chosen based on several factors, including data submitted by the companies, proprietary Mosaic scores, company business models and momentum in the market.
Latest Qventus News
Aug 27, 2024
Share The New Capability Completes Administrative Tasks for Healthcare Staff, Driving up to a 50% Productivity Boost for Care Operations Roles Related Posts Qventus , the leading provider of AI-based software that automates care operations, launched the industry’s first AI Operational Assistants designed to empower frontline staff to work at the top of their license by completing administrative tasks for them. Serving as a vital partner to key healthcare staff, these AI-powered digital assistants bridge the data-to-action gap by analyzing complex healthcare data in real-time, identifying operational inefficiencies, predicting patient needs, and taking specific actions. “Fragmented surgical coordination is a critical clinical challenge for our health systems partners” Qventus’ solution comes at a time when our frontline healthcare workers are overburdened and underleveraged. Clinicians spend half their valuable time on administrative tasks, causing burnout, limiting their impact and wasting an estimated $13 billion annually. These inefficiencies lead to frustrated patients and less than optimal care experiences. Developed in partnership with innovative health system partners, such as Ardent Health, Allina Health, HonorHealth, and Northwestern Medicine, to name a few, Qventus designed its AI Operational Assistants to support healthcare staff by eliminating inefficiencies from manual data collection and repetitive tasks. With the ability to listen, speak, read, write, understand, and interact with the world, these assistants do more than simply analyze data, they act on it. “At its core, this capability enables health care teams to practice at the top of their license,” said Mudit Garg , Co-Founder and CEO of Qventus. “Our AI Operational Assistants empower frontline care teams by giving them the tools they need so they can focus on what they do best: providing exceptional care.” Qventus is incorporating AI Operational Assistants into its existing Perioperative and Inpatient Solutions, and has identified additional areas where the technology can have a significant impact supporting care teams and improving patient coordination. Specifically for Perioperative care, AI Operational Assistants can streamline surgical and procedural care by automating various components of pre- and post-surgical coordination to help hospitals prevent surgery cancellations, reduce manual burden on care teams, and enhance productivity. “When Qventus asked if HonorHealth wanted to be an innovation partner for their latest AI Operational Assistants, we jumped at the opportunity,” shared Kim Post, DNP, MBA, RN, EVP, Chief Operations Officer, HonorHealth. “Empowering clinicians to be able to focus on patient care is a top priority for HonorHealth, and Qventus’ AI-powered assistants will drastically reduce the administrative tasks that currently overburden our frontline staff. Our staff is incredibly excited to implement this technology and look forward to seeing the results as we continue towards our vision of becoming the best place to work for clinicians.” “Fragmented surgical coordination is a critical clinical challenge for our health systems partners,” said David Atashroo, MD, Chief Medical Officer at Qventus. “Qventus’ advanced AI Operational Assistants tackle specific hurdles in surgical coordination, including those that require real-time decision-making. Our digital assistants go beyond simply identifying what needs to be done; they orchestrate the necessary next steps, ensure they’re completed efficiently, and provide comprehensive audit trails for ongoing improvement. This ensures sustainable progress for our health system partners and ultimately, better outcomes for patients.” Qventus AI-powered solutions deliver powerful results Qventus’ growing portfolio of solutions optimize patient flows and create best-in-class practices for patient care across Perioperative and Inpatient care teams. Some recent highlights include: Qventus launched its next generation Inpatient Solution, which predicts and automates discharge planning to increase bed capacity and improve care coordination. The Inpatient Solution saved OhioHealth hospitals nearly 1,400 excess days and approximately half a m************** within the first month of deployment. Qventus released the results of 3 years of deployment of its Inpatient Solution with HonorHealth, in which 86 percent of patients received early discharge plans saving the health system over 50,000 excess days, leading to $62 m************** saved. The Perioperative Solution, leveraged by Banner Health and other leading health systems, enhances surgical efficiencies by maximizing operating room access, increasing strategic case growth, and providing actionable, real-time insights. The solution increases case volume by 3-6 cases per OR per month, yielding an average 6X return on investment (up to 27X). [To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com ]
Qventus Frequently Asked Questions (FAQ)
When was Qventus founded?
Qventus was founded in 2012.
Where is Qventus's headquarters?
Qventus's headquarters is located at 295 Bernardo Avenue, Mountain View.
What is Qventus's latest funding round?
Qventus's latest funding round is Corporate Minority.
How much did Qventus raise?
Qventus raised a total of $96.84M.
Who are the investors of Qventus?
Investors of Qventus include ThedaCare, Norwest Venture Partners, Mayfield, Bessemer Venture Partners, Premier and 8 more.
Who are Qventus's competitors?
Competitors of Qventus include Pieces, Plenful, Kinometrix, Hospital IQ, Wuru and 7 more.
What products does Qventus offer?
Qventus's products include Qventus Perioperative Solution and 3 more.
Who are Qventus's customers?
Customers of Qventus include Saint Luke’s Health System, M Health Fairview, University of Arkansas for Medical Sciences, Bon Secours Mercy Health and HonorHealth.
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Compare Qventus to Competitors
LeanTaaS provides software solutions combining lean principles, predictive analytics, and machine learning (ML) for core operational processes in hospital and infusion center operations. It increases patient access, decreases wait times, improves staff satisfaction, reduces healthcare delivery costs, and improves operational performance. The company was founded in 2010 and is based in Santa Clara, California.
LiveData is a company focused on providing real-time operational intelligence and perioperative workflow solutions within the healthcare sector. The company offers a suite of products designed to optimize surgical scheduling, enhance patient safety, and improve operational efficiency by integrating with electronic health records. LiveData primarily serves the healthcare industry, with solutions tailored to hospitals, health systems, and surgical centers. It was founded in 1991 and is based in Cambridge, Massachusetts.
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