Qventus Unveils 'AI Solution Factory' to Accelerate Healthcare AI Implementation

Qventus, a leader in healthcare artificial intelligence, has announced the launch of its "AI Solution Factory," a new capability designed to dramatically accelerate the deployment of AI solutions in healthcare settings. This innovative approach promises to bring a wider range of AI-powered tools to health systems more rapidly than ever before, while maintaining a focus on depth and return on investment.

Streamlining AI Development and Deployment

The AI Solution Factory leverages Qventus' decade-long experience in healthcare AI to create an assembly-line-style process for developing and implementing AI solutions. This new method allows the company to work on multiple AI solutions simultaneously, addressing a variety of client needs more efficiently.

Mudit Garg, co-founder and CEO of Qventus, emphasized the company's commitment to building deep, impactful solutions rather than shallow, broad applications. "We are now working with these core institutions to much more rapidly and much more quickly bring a series of deep solutions," Garg stated. He added, "What we've learned is that an 80% good, shallow solution doesn't ultimately scale. We will build [with] the same ROI focus, we will do the same workflow embedding ... but do it much, much more rapidly."

Expanding Operational Automation in Healthcare

The AI Solution Factory is part of Qventus' broader strategy to become the operational platform of record for the healthcare industry. The company's offerings now include a range of AI-powered tools, such as:

• Chart mining
• Continuous risk determination
• Care gap orchestration
• Intelligent document management
• Patient concierge services
• Automated call handling

These solutions aim to automate various aspects of hospital operations, improving efficiency and patient care. Steve Kraus, partner at Bessemer Venture Partners and Qventus board member, explained, "All the things that happen within a health system in terms of patient flow, patient scheduling, discharge management, those are all operational in nature. And so we believe Qventus is building the operational platform of record for the industry."

Industry Support and Financial Backing

Qventus' approach appears to align with current industry trends. A survey conducted by Bessemer Venture Partners found that 64% of healthcare leaders are open to co-developing products with third-party vendors rather than building internally or buying from incumbents.

The company's vision has attracted significant financial support. In January, Qventus raised a $105 million Series D funding round led by global investment firm KKR, with participation from Bessemer Venture Partners. The round also included strategic investments from healthcare providers Northwestern Medicine, HonorHealth, and Allina Health. To date, Qventus has raised a total of $200 million, positioning it strongly to execute its ambitious AI strategy in the healthcare sector.