RVH Solutions Teamwrks Technology to Continue Rapid National Growth via Strategic Investor
RVH Solutions, Inc. (the “Company”), a leading healthcare technology solutions provider to hospitals, health systems, academic medical centers and skilled nursing facilities in the United States and the United Kingdom, announced today that it has secured a strategic round of Series B funding, led by Vizient Inc.
The Company’s Teamwrks Technology Platform is a healthcare technology suite that uses artificial intelligence (AI) and machine learning to help ensure providers have the insights necessary improve financial performance, quality of care and patient outcomes, while appropriately managing the workforce. The technology’s modular design, impactful data analytics and robust project engine enables the system to scale and provide solutions to health systems of all sizes.
Marshall Leslie, Group SVP, Quality and Operations at Vizient Inc. commented, “In 2020, Vizient formed a subcontractor relationship with RVH Solutions to enhance our expert-led, analytics-enabled Workforce Solutions offerings to our member hospitals. With this new exclusive strategic partnership, we will be able to fully integrate Teamwrks’ near real-time analytics, automated opportunity identification and improved dashboard visualizations to strengthen our position as a solutions provider in the workforce space.”
“Healthcare today, especially as we emerge from COVID-19, is facing enormous operational challenges representing billions in financial opportunity. Health system leaders must improve financial performance while ensuring the highest quality care for their patients. By employing a proprietary mix of artificial intelligence and machine learning tools in a collaborative environment, the Teamwrks Technology Suite has cracked the code in driving operational improvement while engaging staff to ensure buy-in and long-term sustainability,” said Jason Palmer, CEO of RVH Solutions. “Vizient’s investment further validates the remarkable value of the Teamwrks technology and opens the door for even broader adoption by Vizient member hospitals.”
“Having been intimately involved with the Company since its founding, we are thrilled with the Company’s growth and with the remarkable value their technology is bringing to regional hospitals and large health systems across the country. This exciting growth is exemplified by their partnership with Vizient. We are pleased with this round of funding and with our alignment alongside an incredible partner in Vizient accelerating the opportunities in front of RVHS,” stated Thomas Rizk, CEO and Chairman of Rizk Ventures and board member at RVH Solutions.
The team at RVH Solutions anticipates its Teamwrks technology becoming the industry standard for utilizing artificial intelligence and predictive analytics to help better manage healthcare organizations.
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