Qventus

Qventus

Automates healthcare operations using AI technology

About Qventus

Simplify's Rating
Why Qventus is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$216M

Headquarters

Mountain View, California

Founded

2012

Overview

Qventus provides a platform that automates care operations in healthcare facilities using artificial intelligence and machine learning. The platform integrates data from Electronic Health Records and market data to enhance operational efficiency. It works by increasing visibility and optimizing resource utilization, which leads to shorter patient stays and improved quality of care. Additionally, it helps reduce staff burnout by minimizing cognitive load, allowing healthcare workers to spend more time with patients. Qventus differentiates itself from competitors through its proven track record of successful deployments and significant financial benefits for clients, such as one facility reporting over $10 million in annual savings. The company's goal is to transform healthcare operations, making them more efficient and effective for health systems, patients, and employees.

YC Company
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Simplify's Take

What believers are saying

  • Qventus' solutions reportedly eliminated over 36,000 excess hospital days, boosting efficiency.
  • The company raised $105 million to expand AI automations, indicating strong investor confidence.
  • Qventus' Perioperative Care Coordination solution reduces surgery cancellations and enhances productivity.

What critics are saying

  • Increased competition from LeanTass, Hippocratic AI, and Epic threatens Qventus' market share.
  • Potential biases in AI algorithms could lead to suboptimal decision-making in healthcare.
  • Nursing shortages and an aging population may limit effective utilization of Qventus' platform.

What makes Qventus unique

  • Qventus uses AI to optimize hospital operations in real-time, enhancing efficiency.
  • The platform integrates EHR data for continuous risk determination and patient-specific care.
  • Qventus' AI assistants automate administrative tasks, reducing cognitive burden on healthcare staff.

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Funding

Total Funding

$216M

Above

Industry Average

Funded Over

7 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$85M
Qventus
$100M
Affirm

Benefits

Medical, dental & vision plans

Stock options

Annual learning & development stipend

Generous vacation

Employee referral & bonus programs

401(K) plan

Fitness reimbursement

FSA & HSA

Parental leave program

Catered meals & snacks

Quarterly hackathons & team events

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-2%
Hit Consultant
Mar 17th, 2025
Using Ai To Drive Strategic Surgical Growth In Hospital Operations

David Atashroo MD, Chief Clinical Officer, QventusPerioperative services at better-performing hospitals can contribute up to 68% of a hospital’s revenue, and up to 60% of a hospital’s operating margin. So, it’s not surprising that health system executives are laser-focused on increasing efficiency and utilization. However, in the pursuit of higher profit margins, many executives are committing a fatal flaw that actually limits their opportunity to foster sustainable, significant expansion: pinning their growth goals on a hope strategy, crossing their fingers that the growth will happen without making the strategic changes that lead to success. If surgical growth is the goal, isn’t any surgical growth good? Not necessarily. An unfortunate truth of surgical operations is that it’s relatively easy to drive up utilization and not actually realize the growth you need. You can grow but worsen access challenges for critical surgeries. And you can increase access without increasing your margins. That’s why health systems should avoid a growth strategy that just lets the chips fall where they may and instead focus on strategic surgical growth—defining and working to achieve surgical growth that fits your hospital’s unique goals, addresses the specific needs of both your patient population and care teams, and is sustainable as your organization grows and changes. When the pressure is on to deliver measurable growth, it can be easy to turn back default practices of pulling block time or blasting out available time. There are a lot of reasons why you’re selling your organization short if you treat your ORs like an open marketplace. Why the “any growth is good growth” model is failing hospital leaders1

Hit Consultant
Jan 30th, 2025
Qventus Launches Ai-Powered Perioperative Care Coordination Solution

What You Should Know:– Qventus, a leading provider of AI-based care automation software for health systems, today announced the launch of its Perioperative Care Coordination (PCC) solution that alleviates the administrative burden and enhances productivity for pre-admission testing staff, reduces surgery cancellations, and optimizes more patients pre- and post-surgery. – Qventus’ PCC solution provides multiple AI assistants that work in concert to support pre-admission testing (PAT) nurses in tracking down patient records, coordinating patient phone calls, mining charts to find relevant risks and clearances, risk-stratifying patients, and more.Qventus Introduces AI-Powered Perioperative Care Coordination to Optimize Surgical OperationsQventus leverages AI to automate healthcare operations, enabling health systems to secure the margins necessary to deliver high-quality patient care. Used by over 115 health systems, the Qventus enterprise platform reduces administrative burdens, identifies potential issues early, suggests interventions, and takes action to resolve operational challenges. The platform enhances strategic surgical growth, increases capacity, and reduces costs while delivering powerful insights. Notably, 100% of clients consider Qventus integral to their long-term strategy.Surgery is a primary revenue driver for hospitals, yet approximately 50% of pre- and post-surgical coordination remains manual, leading to inefficiencies such as avoidable surgery cancellations. This outdated approach places undue stress on patients and healthcare teams, particularly in light of ongoing nursing shortages and an aging population with increasing healthcare needs.“Qventus’ Perioperative Care Coordination (PCC) solution furthers our vision of reducing the administrative burden on providers and ensuring highly reliable care for patients,” said Mudit Garg, Founder and CEO of Qventus. “By decreasing surgery cancellations, allowing nurses to operate at the top of their license, and optimizing patients pre- and post-surgery, health systems can sustain the financial margins necessary to support quality care delivery.”Developed in collaboration with leading healthcare systems—including HonorHealth, Allina Health, Northwestern Medicine, Ardent Health, and the University of Arkansas for Medical Sciences—the PCC solution has demonstrated significant outcomes:·       Up to 40% reduction in surgery and procedure cancellations·       50% productivity boost for perioperative care teams·       Tens of millions of dollars in ROI through cost savings and improved surgical preparednessWhen implemented alongside the Surgical Growth Solution, Qventus’ perioperative suite enables health systems to scale their Pre-Admission Testing (PAT) programs while expanding surgical volumes and reducing overall costs.Key Features of the PCC Solution:·       PAT Workflow Support: AI assistants help nurses prioritize, schedule, and conduct PAT phone calls, including EHR note-taking and medical record requests.·       Continuous Risk Determination: AI and machine learning identify patient-specific risk factors through EHR data, chart reviews, and patient interactions.·       AI Patient Concierge Services: Automated patient outreach via voice, text, and email for intake collection, appointment coordination, and follow-up tracking.·       Intelligent Document Management: Automated processing and review of faxed, scanned, and emailed patient records.·       Patient Optimization: Seamless identification and coordination of wraparound care opportunities for additional patient support.Qventus’ $105 million Series D funding, led by KKR, accelerates the company’s broader vision for AI-driven healthcare operations

MedCity News
Jan 14th, 2025
Qventus Snags $105M for Its Patient Flow Automation Tech

In his view, Qventus competes with companies like LeanTass, Hippocratic AI and Epic.

JHConline
Jan 13th, 2025
Qventus secures $105M for AI platform

Northwestern Medicine, HonorHealth, and Allina Health have invested $105 million in Qventus, an AI-based care automation software provider. The investment will expand Qventus' AI automations and operational assistants in healthcare settings. Qventus' solutions, like Inpatient Capacity and Surgical Growth, have significantly reduced hospital stay lengths and increased surgical volumes, saving millions and enhancing patient care.

Latest Nigerian News
Jan 13th, 2025
Qventus raises $105M for AI tools

Qventus, a company developing AI tools for automating healthcare tasks, has raised a $105 million Series D funding round. This includes $85 million in equity and $20 million in optional debt.

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