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

Debt Financing

Total Funding

$190.7M

Headquarters

Mountain View, California

Founded

2012

Overview

Qventus provides a platform that uses artificial intelligence and machine learning to improve healthcare operations. The platform integrates data from Electronic Health Records and market data to automate various care processes. By optimizing resource utilization and increasing visibility within healthcare facilities, Qventus helps reduce patient stays and enhances the quality of care. It also aims to alleviate staff burnout by minimizing cognitive load, allowing healthcare workers to spend more time with patients. Unlike many competitors, Qventus focuses on strategic partnerships and has demonstrated significant financial benefits for its clients, with some reporting over $10 million in annual savings. The goal of Qventus is to transform healthcare operations, making them more efficient and effective for both providers and patients.

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Funded Recently
YC Company
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Simplify's Take

What believers are saying

  • Qventus raised $105M to expand AI solutions, indicating strong investor confidence.
  • The platform is used by over 115 health systems, proving its effectiveness.
  • Strategic partnerships with top institutions enhance Qventus' AI solution capabilities.

What critics are saying

  • Competition from LeanTass, Hippocratic AI, and Epic may impact market share.
  • Algorithmic bias in AI could lead to suboptimal patient outcomes and legal issues.
  • Nursing shortages and an aging population may strain healthcare systems Qventus serves.

What makes Qventus unique

  • Qventus uses AI to optimize hospital operations in real-time, reducing costs.
  • The platform integrates EHR data to automate care operations, enhancing efficiency.
  • Qventus' PCC solution reduces surgery cancellations by up to 40%, boosting productivity.

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Funding

Total Funding

$190.7M

Above

Industry Average

Funded Over

7 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

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

3%

1 year growth

-1%

2 year growth

0%
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.

AutomationX
Jan 13th, 2025
Qventus secures $105 million funding to enhance healthcare automation

Qventus, a prominent player in AI-based healthcare automation, has secured $105 million in a funding round led by the investment firm KKR.

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