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Carefx to Collaborate with the Cleveland Clinic to Commercialize CCF Business Intelligence Solution
Business Intelligence (BI) dashboard technology to complement Fusionfx solution portfolio for hospitals, health systems, and HIEs seeking both clinical workflow and performance improvements
SCOTTSDALE, AZ – May 18, 2010 – Carefx Corp., a leading provider of interoperable workflow solutions, announced today that it has been granted exclusive license rights to market and further develop the Cleveland Clinic business intelligence (BI) dashboards that are a part of IntellisEPM, a Clinic start up.
Cleveland Clinic formed IntellisEPM to commercialize a number of its BI dashboards currently being used to manage business and clinical performance at Cleveland Clinic. These drive performance through enhanced decision making by providing views of data relevant to the clinical or executive user. The dashboards leverage a BI technology platform to help accelerate performance improvement across the health system, including financial performance, workforce management, quality and patient experience. The dashboards, currently in use at Cleveland Clinic and other academic medical centers, produce comprehensive, customized reports on key performance drivers such as core measures, mortality, physician scorecard, throughput and patient experience.
“There are few contemporary tools available to hospital management that have the potential for impact as do business intelligence dashboards,” said Chris Coburn, Executive Director of Cleveland Clinic Innovations, the Clinic’s corporate venturing arm. “These dashboards were developed by teams of Cleveland Clinic medical, operational and finance leaders to comprehensively drive performance throughout our institution.”
Fusionfx, Carefx’s interoperable workflow platform provides browser-based access to real-time patient information by creating composite views of clinical information from multiple sources. Fusionfx aggregates clinical data and delivers it to providers via a portal in formats that are customized and clinically intuitive.
“With the addition of the BI dashboards, we will be able to offer our customers a greater level of insight into their data to improve both financial and patient outcomes,” said Andrew Hurd, Chairman and CEO of Carefx. “That additional level of strategic business information will help healthcare institutions understand and act upon how their clinicians are performing, what patients are experiencing and where efficiencies can be made.”
About Cleveland Clinic Innovations
Innovations, the corporate venturing arm of Cleveland Clinic, promotes innovation and is responsible for the commercialization of all Cleveland Clinic technologies. Innovations advances product-oriented innovation and transforms promising therapies, devices, diagnostics and software into beneficial medical products, via spin-off companies, licensees and equity partnerships. There have been 33 companies spun off from the Clinic in the last decade, more than 200 licenses, more than $340 million in equity investment in those spin-offs and a record number of inventions in virtually every area of activity at Cleveland Clinic.
About Carefx Corporation
Carefx supports healthcare organizations in achieving their vision of advancing the quality and safety of patient care delivery through its Fusionfx suite of interoperable workflow solutions. Fusionfx streamlines and simplifies clinical and business workflow and connects care providers to the information they need – where, when, and how they need it. By managing care transitions and information gaps between diverse systems, departments and facilities, Fusionfx delivers crucial patient information with speed, efficiency and logic. Carefx supports more than 700 hospitals, health systems, regional health information organizations (RHIOs) and health information exchanges (HIEs) across North America and Europe.
MEDIA CONTACT: Christopher Capot, KNB Communications 212-505-2441, 203-379-8019 (mobile) email@example.com