Tag: healthcare artificial intelligence

Healthcare’s Most Innovative Companies of 2020: Jvion

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Jvion helps healthcare systems prevent patient harm and associated costs by enabling clinical staff to focus attention, resources, and individualized interventions on patients whose outcomes can be improved.

Jvion pinpoints the impactable patients who are on a risk trajectory that can be changed and provides the patient-specific recommendations that will drive to a better outcome. The Jvion Machine is a combination of Eigen-based mathematics, dataset of more than 30 million patients, and software that can be quickly applied to any of 50 preventable harm vectors (such as sepsis, readmissions, falls, avoidable ER visits, and pressure injuries) without the need to create new models or to have perfect data.

Jvion has worked in clinical settings for nearly a decade, with hospitals reporting average reductions of 30% in preventable harm incidents and avoidable cost savings of .3 million a year.

Jvion is based in Suwanee, Georgia.

What is the single-most innovative technology you are currently delivering to health systems or medical groups? 

Jvion’s most innovative technology is its clinical AI platform, the Care Optimization and Recommendation Enhancement (CORE), an asset that empowers healthcare providers and payers and other healthcare organizations with the insight to proactively identify and address avoidable patient harm and lower costs.

The CORE can be applied across many use cases like Social Determinants of Health, Behavioral Health, Oncology, Hospital Acquired Conditions and Infections, Avoidable Utilization and many more. Jvion’s CORE pinpoints patients on a trajectory towards an adverse clinical outcome — based on a combination of clinical, socioeconomic, behavioral and environmental factors — and recommends the personalized evidence-based interventions most likely to improve outcomes for each patient’s unique needs.

How is your product or service innovating the work being done in these organizations to provide care or make systems run smoother?

With more than 4,500 factors analyzed per patient, the CORE can identify at-risk patients missed by traditional predictive analytics. And rather than simply assigning patients a risk score, the CORE identifies why patients are at risk, and recommends clinically-validated interventions personalized to reduce each patient’s risk.

The CORE can also reduce alert fatigue and the physician burnout that comes with the utilization of traditional stratification analytics. Most predictive analytics don’t provide any insight on whether high-risk patients outcomes can be improved, or how to improve it, which leads to overwhelming patient lists and risk alerts. The CORE reduces these alerts by focusing on the modifiable patients whose outcomes are most likely to be improved with the right intervention, and providing actionable insights that empower clinicians to intercept and course-correct.

What is the primary need fulfilled by the product or service?

As the industry continues to drive value-based care, there is a need to more accurately and efficiently identify patients that can be impacted through proactive intervention and, more specifically, how to intervene for each patient. To that end, Jvion’s mission is to primarily address the pervasive problem of preventable patient harm (defined as avoidable adverse clinical events or outcomes), which affects 1 in 20 patients and costs over $244 billion in avoidable medical expenses annually.

Jvion’s clinical AI can predict patient risk for a wide range of specific preventable harm incidents including sepsis, pressure injuries, falls, and hospital acquired infections and provide prioritized evidence-based recommendations to drive the best outcome for each individual.

What is the ROI of said product or service?

To date, the Jvion CORE AI solution has been deployed across about 50 health systems and over 300 hospitals, which report average reductions of 30% for admissions, 20% for readmissions, and average annual cost savings of $13.7 million.

Provide real examples of verifiable ROI of the product or service when used in or by a health system or medical group. 

Baptist Health: Avoidable admissions and readmissions plague hospitals nationwide, and Provider-Sponsored Health Plans (PSHP) — health plans that are owned by a health system, physician group, or hospital — such as Baptist Health, are particularly vulnerable.

Over the course of two years, Baptist Health saved more than $13M by targeting and intervening on those covered employees at risk of an avoidable ER or inpatient visit. Using the Jvion CORE, Baptist Health was able to better identify at-risk individuals and take the clinical actions that would keep them healthy and out of the hospital. They also achieved an 18% drop in readmissions over two years.

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