ThedaCare invests $3M in Qventus

Neenah, Wis.-based ThedaCare has invested $3 million in care automation company Qventus as part of a $50 million funding round, the health system said in an Aug. 9 news release.

"Care operations automation solutions can help relieve some of the prime operational and financial pressures facing hospitals and health systems," ThedaCare CFO and COO Mark Thompson stated in the news release. He added that "partnerships like this will speed up our vision of becoming a leader in population health, remaining focused on the patient and empowering each person to live their unique, best life."

Qventus' artificial intelligence-based software as a service platform integrates into EHRs to automate operations in such places as the emergency department or command center. For example, the technology can automate discharge planning to create inpatient bed capacity or the operating room schedule to improve access and boost surgical revenues.

"Health systems have an opportunity to transform their care operations using automation, and innovative organizations like ThedaCare are leading the way," Qventus CEO and co-founder Mudit Garg said.

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