Qventus, a leading provider of AI-powered solutions for hospitals and health systems, today announced the AI Solution Factory at QLive, its inaugural client conference. The AI Solution Factory enables healthcare organizations to co-develop AI Operational Assistants that solve hospitals’ most pressing challenges, with an emphasis on delivering sustained return on investment (ROI). The company also shared the most recent client results and new strategic partnerships at the conference, taking place September 17-19 in Dallas, Texas.
Thinning margins, labor shortages, staff burnout, and declining reimbursements are already increasing pressure on health systems. This financial strain is set to worsen significantly, as recent legislation introduces an estimated one trillion dollars in cuts to Medicaid over the next decade, which will drive up the cost of care. In the face of these challenges, health system leaders are turning to AI solutions to decrease costs and drive growth. 54 percent of CIOs said they expect AI to have the biggest impact on operational efficiency and cost reduction, and ranked improved margins as the primary method for evaluating the ROI of AI investments.
With Qventus’ AI Solution Factory, strategic health system partners can now co-develop custom AI Operational Assistants at a velocity that’s unmatched in the industry. Powering the AI Solution Factory is Qventus’ platform, which deeply integrates with hospital electronic health records (EHRs) and uses localized and probabilistic machine learning, behavioral science, and conversational AI to automate end to end workflows.
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These skills power Qventus’ AI Operational Assistants, high-tech sidekicks for overburdened staff who operate two steps ahead. With the ability to speak, hear, read, gather, understand, and write, they seamlessly incorporate unstructured data and interactions to anticipate the most effective next steps and take action. With the AI Solution Factory, clients can co-develop new AI teammates to orchestrate and close care gaps, optimize site of care, automate referrals and call workflows, automate surgical prior authorization, improve referral network integrity, introduce automation for care transitions and patient activation, and much more.
“For more than a decade, we’ve focused on engineering AI solutions that deliver sustainable impact for health systems. The AI Solution Factory is a major milestone for Qventus, allowing us to rapidly build a new generation of solutions to solve critical problems,” said Mudit Garg, CEO and co-founder of Qventus. “Instead of chasing hundreds of AI use cases, our vision is to go deep on the ones that matter most. We find the problems that drive the best outcomes, then we build and operationalize AI solutions from the ground up to ensure they succeed. If our Qventus AI Platform is the engine, the AI Solution Factory is our high-speed assembly line-it gives us a systematic way to build best-in-class AI teammates, ensuring they are not just effective, but fully integrated into our clients’ daily operations for long-term success.”
SOURCE: Businesswire