Qventus Recognized by Fast Company’s 2021 World Changing Ideas Awards | Qventus, Inc.

Qventus Recognized by Fast Company’s 2021 World Changing Ideas Awards

We’re pleased to share that Qventus has been recognized in the Pandemic Response category of Fast Company’s 2021 World Changing Ideas Awards with an honorable mention. Now in its fifth year, World Changing Ideas receives thousands of entries globally and is one of Fast Company’s major annual awards programs, “focused on social good, seeking to elevate finished products and brave concepts that make the world better.”

As we are all aware, the healthcare industry has faced a range of complex challenges in combating Covid-19, from limited PPE supplies to disjointed government guidance – but perhaps the greatest challenge has been the lack of visibility about supply of and demand for critical resources and capacity required to meet current conditions and prepare for future needs.

Fast Company recognized our team’s work partnering closely with customers to quickly develop our Covid-19 Planning Solutions that solve these urgent operational and financial challenges caused by the pandemic. The Qventus Covid-19 Planning Solutions, including the Covid-19 Model and Scenario Planner features, utilize 450 AI-based local epidemiological models to predict Covid demand and impact to critical resources—such as ICU and med surg beds, ventilators, staff, and PPE—at a local hospital level. They also provide the ability to model what-if scenarios for different epidemiological parameters, social distancing policies, and more. The Qventus Covid Command Center Solutions then enable leaders to find immediate opportunities to unlock capacity and mitigate surge demand with minimal impact on frontline teams. 

These solutions meet a critical need for real-time hospital-level data, and proved to be 2-3x more accurate than other models available at the time. Since launching in early 2020, over 1,100 organizations, from hospitals and health systems, through local and state health departments, up to the very highest levels of the U.S. federal government, have used the Qventus Covid-19 Planning and Command Center Solutions to better manage through the crisis.

For example, the team at Saint Luke’s Health System used our planning solutions during the pandemic to inform their business-critical decision to not reduce elective surgeries ahead of an anticipated Covid surge last summer. “We started using the Qventus model in our incident command center and quickly found that it was far more accurate than other models, which allowed us to do better planning,” said Debe Gash, senior vice president and chief digital officer, Saint Luke’s Health System. “This was especially relevant when our region ‘re-opened’ in June 2020 and we started to see another increase in Covid patients. Prior to using the Qventus Elective Surgery Model, we would have stopped performing elective procedures, but because the model predicted we would still have capacity, we did not reduce electives. And the model was correct. In July we experienced our highest level of Covid patients to-date, but were able to safely handle that volume in parallel with our non-Covid patients.”

From our perspective, the power of our platform combined with our close partnership with hospitals and health systems enables us to rapidly develop new solutions and apply continuous learnings in service of our customers so they can manage critical patient flow and operational issues head on. With a real-time operations system in place, our health system partners gained a strategic advantage that enabled them to plan ahead and create critical bed capacity. 

We are honored to be recognized by Fast Company for this work and to be mentioned among so many inspiring brands enabling powerful, positive change. And most importantly, we’re grateful that we have been able to work hand in hand with our health system partners to navigate through the pandemic.