Navigation Links
UH Case Medical Center & Reach Ventures form Socrates Analytics to market hospital data software
Date:12/17/2012

As outcomes and quality measurements receive increasing attention in health care delivery today, University Hospitals (UH) Case Medical Center and Reach Ventures announce the formation of Socrates Analytics, Inc., an innovative software tool that promises to empower health care decision makers to transform data into timely and actionable insights.

Hospitals and physicians are struggling to better understand resource use, cost of care and outcomes, in order to meet the demands of rising care costs. But they are limited by existing administrative and clinical databases that communicate poorly and store information in disparate systems. As a result, the full potential to synthesize this critically important data for driving change in quality and efficiency goes unrealized.

Socrates Analytics, Inc., has the ability to overcome these obstacles by providing hospital administrators with the ability to look across a number of existing data systems, capture entire episodes of care and develop unique care pathways and manage resources across the hospital. A cloud-based software program, Socrates Analytics collects, standardizes, analyzes and reports on disparate hospital billing, administrative and operating room data.

Socrates Analytics was created and developed in 2007 by Conor Delaney, MD, PhD, Chief of the Division of Colorectal Surgery at UH Case Medical Center, who sought to answer questions such as "What is driving costs in the operating room?" and "What factors are associated with readmissions within 30 days of discharge?".

Dr. Delaney envisioned a way to integrate disparate hospital administrative software systems to facilitate reporting on operational metrics, such as operating room use, hospital bed requirements and length-of-stay, direct and indirect costs, income, the measurement and management of outcomes, and efficiency of care. "Socrates gives hospitals the opportunity to interpret complex administrative data and view trends, outliers and variability in the process, so they can improve their efficiency and terms of care," said Dr. Delaney, who is also Professor of Surgery at Case Western Reserve University School of Medicine.

Michael Szubski, Chief Financial Officer for UH, said, "With government reimbursement policies increasingly holding health care providers financially responsible for inefficient and inappropriate care, Socrates Analytics can create new standards for ensuring quality of care for the benefit of our patients and community. In our use of it, Socrates has helped us continually improve patient care using data-driven analysis. In addition, Socrates will be a powerful tool for advancing clinical and health services research."

Through UH's support and grants from The Cleveland Foundation and the Ohio Savings Foundation, Socrates is poised to support the UH system and other healthcare facilities.

Kendall Wouters, CEO of Reach Ventures said, "With Dr. Delaney's vision realized through the on-going support of University Hospitals and the region, Socrates will help many hospitals visualize their cost structure and make objective, evidence-based decisions to improve their operations while ensuring the highest quality of care."


'/>"/>
Contact: George Stamatis
george.stamatis@uhhospitals.org
216-844-3667
University Hospitals Case Medical Center
Source:Eurekalert

Related medicine news :

1. Physician Groups Call for Fewer Medical Tests
2. Weill Cornell Medical College establishes Center for Healthcare Informatics and Policy
3. CAM therapy combined with conventional medical care may improve treatment of lower back pain
4. Image share project gives patients and physicians anytime, anywhere access to medical images
5. Researchers determine vitamin D blood level for reducing major medical risks in older adults
6. Biomedical researchers receive Hartwell Foundation awards
7. Columbia University Medical Center and NY-Presbyterian experts at APA meeting
8. Fitness in Middle Age Lowers Medical Costs Later: Study
9. Ben-Gurion U. and Cincinnati Childrens Hospital to develop pediatric-specific medical technologies
10. Gene Tests May Not Drive Patients to More Medical Care
11. University studies and career expectations of medical students
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... “America On The Brink”: the Christian history of the United States and ... of published author, William Nowers. Captain Nowers and his wife, Millie, have six ... years in the Navy. Following his career as a naval aviator and carrier ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... sleep apnea using cutting-edge Oventus O2Vent technology. As many as 18 ... characterized by frequent cessation in breathing. Oral appliances can offer significant relief to ...
(Date:10/12/2017)... ... October 12, 2017 , ... The ... demand of today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, ... to meet the highest standard. , These products are also: Gluten Free, ...
(Date:10/12/2017)... ... 12, 2017 , ... The American College of Medical Informatics (ACMI) will present ... the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium ... Collen, a pioneer in the field of medical informatics, this prestigious award is presented ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about ... intend to develop to enable prevention of a major side effect of chemotherapy ... especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label as ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., ... vaccine design, and immune-engineering today announced the launch ... the development of personalized therapeutic cancer vaccines. EpiVax ... provided exclusive access to enabling technologies to the ... MBA will lead EpiVax Oncology as Chief Executive ...
(Date:9/19/2017)... Inc., a venture-backed medical device company developing a non-invasive, robotically assisted, platform therapy that uses ... today:   ... Jim ... Tom Tefft ... Veteran medical device executive Josh Stopek , PhD, who has led R&D and business ...
(Date:9/13/2017)... Sept. 13, 2017   OrthoAtlanta has been named ... Football Host Committee (AFHC) for the 2018 College Football Playoff ... 2018, at Mercedes-Benz Stadium in Atlanta, Georgia ... AFHC "I,m In" campaign, participating in many activities leading up ... ...
Breaking Medicine Technology: