SAN FRANCISCO, Nov. 24 /PRNewswire/ -- Quantros, a leading healthcare analytics and decision support software and services provider, announced today that it has licensed intellectual property and associated software developed at the University of Michigan for integration into Quantros' suite of safety and risk management (SRM) product family.
The University's software within the SRM product family will enable automated safety data analysis and alert notifications through utilization of a healthcare provider's integrated administrative data. These new capabilities expand opportunities for adverse event identification and trend analysis. In addition, the Quantros SRM will also provide automated triggers to help clients improve clinical documentation and coding.
This advanced technology uses Patient Safety Indicators (PSIs). The PSI methodology was developed by the Agency for Healthcare Research and Quality (AHRQ) to help hospitals identify potential adverse events, by parsing hospital patient discharge (UB) diagnosis codes entered into the hospital billing system. By integrating this technology into the SRM product family, Quantros will provide a diagnosis-based solution to identify adverse patient events and allow follow up by appropriate personnel to evaluate contributing factors, analyze root causes, and assist in pinpointing strategies for preventing future events.
Dr. Vinita Bahl, principal inventor of the PSI software, noted that the technology has been in use at the University of Michigan Health System for about a year. "Utilization of the system has resulted in better identification and awareness of adverse events," Bahl said. "Coupled with existing improvement efforts, we have observed a reduction in the incidence of several types of events."
Quantros Vice President of Sales Tom Leahy said of the benefit of this latest technology acquisition, "The functionality offered by the University of Michigan intellectual property acquisition will be a boon for both existing and potential SRM users. Quantros SRM will provide an automated means of validating billing codes and further augmenting valuable self-reported patient safety data with identified events via an automated triggering infrastructure. It is these types of technology advancements that fuel further patient safety improvements in the most cost efficient means possible."
According to Leahy, the licensed intellectual property will meet Quantros clients' immediate need for a tool to identify and validate PSIs. However, it will also be integrated across other Quantros solutions, where applicable, to automatically identify and produce alert notifications for any number of defined issues.
Quantros is a leading software and services provider for the healthcare industry in the areas of safety and risk management, quality and performance improvement, accreditation and compliance, real-time surveillance and centralized decision support. Today more than 2,000 healthcare facilities use Quantros solutions to improve performance and provide a safe, high quality environment of care.
Quantros is a healthcare information management technology company based in sound clinical discipline. Key product decisions are driven by experts in healthcare quality and performance improvement, safety, compliance, risk management and nursing. Quantros team members include physicians, nurses and healthcare professionals. Visit Quantros online at www.quantros.com
About the University of Michigan
Investing over $1 billion per year, The University of Michigan operates one of the largest, most successful research operations in the world. In 2009, U-M inventors discovered 350 new technologies, and, through the Office of Technology Transfer, the University launched 8 new companies and signed 78 licenses with industry. For more information on how to partner with the University of Michigan to help bring new technologies to market, visit: www.techtransfer.umich.edu.
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