Specialized software company will create healthcare-specific solutions to improve health outcomes
Today, the Center for Discovery, Innovation and Development (CDID), an affiliate member of RWJBarnabas Health’s Children’s Specialized Hospital, announced a partnership with Pinnacle Solutions, Inc. to create Predictive Health Solutions, a new company that will create healthcare-focused, analytical solutions to improve patient outcomes.
Drawing upon the combined expertise of its parent companies, Predictive Health Solutions will create solutions tailored specifically to the healthcare industry. Pinnacle Solutions brings capabilities in data analytics, artificial intelligence, and machine learning, while CDID provides expertise in the healthcare industry and the operational infrastructure for development.
The initial Predictive Health Solutions offering helps healthcare providers tackle the problem of patient no-shows. The solution leverages electronic medical record data, including zip code and family demographics, along with other enriched information, such as weather, traffic, construction, demographic, clinic specialties, retention, ratings, and other factors to predict the likelihood of a patient showing up for their scheduled appointments. In the long-term, these prediction models will prompt proactive operational improvements, such as sending appointment reminders or an offer for transportation, in order to reduce no-show appointments and ensure patients receive the care they need. The technology also gives healthcare providers a critical tool for developing intelligent overbooking strategies for their patient appointments. Additional Predictive Health Solutions offerings are in active development.
“Through Predictive Health Solutions, we will create paths that lead to improved access to care and health outcomes,” said Michael Dribbon, Ph.D., Vice President of Business Development & Chief Innovation and Research Officer at Children’s Specialized Hospital and CDID. “The objectives of Predictive Health Solutions align with the healthcare industry’s overarching drive to a more holistic health model that addresses not only people’s healthcare needs, but their overall well-being and the health of their communities.”
“We are excited to partner with the Center for Discovery, Innovation and Development and Children’s Specialized Hospital to provide empowering solutions for the healthcare industry through advanced data analytics,” said Donald L. Penix, Jr. (D.J.), President & CEO, Pinnacle Solutions, Inc. “We are especially excited about our joint efforts on the No-Show Predictor. With this solution, not only do we have the opportunity to significantly improve patient outcomes by helping to ensure patients receive the care they need, but we are also helping providers minimize revenue loss and improve operational efficiencies by minimizing no-shows – an issue of widespread proportions with losses estimated to be as much as $150 billion annually in the US.”
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