The company is recognized for its achievement in the Patient Flow Management Industry
Qventus, the leading provider of AI-based software that automates care operations, today announced it has taken home Frost & Sullivan’s Best Practices Customer Value Leadership Award in the North American Patient Flow Management Industry. This award underscores Qventus’ commitment to providing best-in-class solutions that generate an average of over 10x ROI for its hospital and health system clients while cementing its leading position in automating care operations across clinical settings to drive ROI.
Qventus delivers meaningful value to its clients across its growing portfolio of solutions, partnering with major hospitals and health systems across the United States, including HonorHealth, Northwestern Medicine, Banner Health, OhioHealth, and Ardent Health, among others. By working hand in hand with its health system clients to meet their objectives, Qventus’ white-glove service and partner-first approach are paying off. The Inpatient Solution automates patient flow, reduces excess days by up to 30% and decreases ED boarding, saving health systems millions of dollars annually and helping them create the capacity they need to serve more patients in their communities. The Perioperative Solution grows strategic surgical volume for hospitals, generating $95M in annualized contribution margin through Qventus-enabled cases. The company’s recently announced AI Operational Assistants are expected to enhance staff productivity by up to 50% by alleviating the burden of manual, administrative tasks so frontline healthcare staff can focus on patient care.
Ardent Health, a leading provider of healthcare services in communities across the country, chose Qventus’ Perioperative Solution to optimize its robotics program and drive strategic surgical growth, which delivered a remarkable 7x annualized ROI. OhioHealth, a nationally recognized, not-for-profit health system, increased bed capacity and significantly improved care coordination, saving nearly 9,281 days and $3.6 million annualized with Qventus’ Inpatient Solution.
“While Qventus’ technology is undoubtedly impressive, their relationship with clients is what truly stands out. Clients overwhelmingly view Qventus as a partner, not just a software vendor,” said Marcos Ainchil, Best Practices Research Analyst for Frost & Sullivan. “They have a deep understanding of each client’s unique challenges and configure solutions to solve them.”
Frost & Sullivan estimates the patient flow management market will reach $5.9 billion in 2028, with a compound annual growth rate of about 13.8 percent from 2023 to 2028. In this era of market growth, Frost & Sullivan found Qventus to be well-positioned to capitalize on new opportunities as a result of its solutions that streamline operations in inpatient and perioperative care, and the new AI Operational Assistant capabilities.
“Over the past decade, Qventus has strived to generate meaningful results for our clients that move the needle for their businesses so they can continue to provide exceptional care to their patients,” said Mudit Garg, Founder and CEO of Qventus. “This recognition from Frost & Sullivan is an affirmation that the work we do at Qventus for our clients prioritizes the continuity of care, efficient resource utilization, and staff experience in a way that unlocks growth and meaningful ROI.”
This award follows on the heels of Qventus receiving an outstanding 2024 KLAS score of 92.5 percent (as of 11/1/2024) in capacity management, in which the company also achieved the highest score compared to other vendors in the “drives tangible outcomes” pillar.
