MENLO PARK, Calif.,
Dec. 13, 2018 /PRNewswire/
-- Ayasdi, a pioneer in the creation and deployment of
enterprise-class intelligent applications for the healthcare
industry, announced today receipt of the 2018 Fierce Innovation
Award in the data analytics/business intelligence category for its
Clinical Variation Management (CVM) application.
Clinical variation is one of the key challenges facing
healthcare today, representing more than $800 billion per year in costs that don't improve
the patient experience or outcomes, and in many cases diminish it.
Ayasdi's CVM application uses machine intelligence to surface
variation, both good and bad, for any surgical or non-surgical
process. The application automatically designs multiple candidate
care process models, enabling the organization to select the one
most aligned with its objectives. Finally, the application boasts a
robust adherence framework that ensures the effective
operationalization of these care process models.
Using the Fast Healthcare Interoperability Resources (FHIR)
standard, plus a number of unique customizations, the application
ingests data from a variety of sources, including the EHR, billing,
claims, surgical and others, ensuring that the care process models
are built off the organizations own data – dramatically enhancing
acceptance by the physician community. The application pairs
state-of-the-art unsupervised learning with supervised prediction
to align the events, sequence and timing of care with the goal of
identifying the care process model that delivers against any number
of variables, from cost, readmissions, length of stay, mortality or
other KPIs.
The product is used by providers and payers alike to reduce
clinical variation, advance value-based care, and manage risk
sharing. The intuitive user interface, like all of Ayasdi's
applications, is designed for use by subject matter experts, not
data scientists.
The Fierce Innovation Awards – Healthcare Edition 2018 showcase
outstanding innovation driving improvements and transforming the
industry, including solutions that have the greatest potential to
save money, engage patients, and revolutionize healthcare.
"The Fierce Innovation Award is a testament to the power and
scope of our Clinical Variation Management application," said
Gurjeet Singh, CEO and co-founder of
Ayasdi. "CVM's ability to identify best care practices, build new
care paths, and provide continuous improvements holds the promise
of transforming healthcare, reducing as much as 30 percent of
healthcare spend while simultaneously enhancing patient
outcomes."
Ayasdi's CVM application has been deployed at some of the
nation's most prestigious health systems and
hospitals.
At Flagler Hospital, a 335-bed community hospital in
St. Augustine, Fla., for example,
officials used the Ayasdi CVM application to create a new pneumonia
care path, which resulted in a $1,350
per patient cost reduction, two-day reduction in lengths of stay,
and 7x reduction in readmissions. The work on pneumonia is
projected to save the hospital more than $850,000 over three years, while the overall
program is expected to save in excess of $20
million during the same time period.
Ayasdi and other Fierce award winners will be featured today in
Fierce's 2018 Innovation Report – Healthcare Edition 2018.
Download the report at
https://pages.questexweb.com/2018HealthcareInnovationReport.html.
To learn more about Ayasdi's technology, visit
https://www.ayasdi.com/solutions/clinical-variation-management/.
About Ayasdi
Ayasdi is a pioneer in the creation
and deployment of enterprise-class intelligent applications for the
healthcare industry. Ayasdi's award-winning Artificial Intelligence
platform, developed by Stanford
computational mathematicians, has already solved key challenges in
healthcare, including clinical variation management, population
risk assessment, claim denial management, and fraudulent claim
detection. The Company's accomplishments have earned it recognition
as one of the world's most innovative companies from both Fast
Company and the World Economic Forum.
Based in Menlo Park, Calif.,
Ayasdi is backed by Kleiner Perkins
Caufield & Byers, IVP, Khosla, Centerview Technology
Partners, Draper Nexus, Citi Ventures, GE Ventures, and Floodgate
Capital.
Media Contact:
Todd
Stein
Amendola Communications (for Ayasdi)
510-417-0612
tstein@acmarketingpr.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ayasdi-wins-fierce-innovation-award-for-analytics-excellence-300764891.html
SOURCE Ayasdi