The investment reflects both providers’ commitments to improving patient outcomes and care quality through advanced, proven AI and prescriptive analytics.
Atlanta, Georgia, FEB 13, 2019 – Leading healthcare Artificial Intelligence (AI) firm Jvion announced a growth investment from healthcare leaders Intermountain Healthcare and Trinity Health. This round of funding is an expansion of the existing customer relationship between Jvion and both providers and demonstrates their respective ongoing commitments to healthcare innovation, including the practical application of AI solutions for driving improved quality and health outcomes. This investment comes less than a month after the announcement of a significant growth equity investment led by JMI Equity, Health Enterprise Partners and Health Velocity Capital. KLAS recently recognized Jvion’s solution for its leadership in the growing field of clinical analytics, and for edging out predictive analytics solutions offered by top acute care EMR vendors.
Intermountain Healthcare and Trinity Health—both recognized for their leadership in digital health innovation—are customers of Jvion’s AI-driven prescriptive analytics platform.
“Jvion’s Cognitive Machine has the ability to transform data into valuable clinical insights,” said Nickolas Mark, Managing Director and Partner of Intermountain Ventures. “We will work with Jvion to improve care delivery using artificial intelligence and machine learning. This investment will aim to help patients around the world.”
By making a financial investment in Jvion’s technology and future growth, both providers are helping to bring leading, proven AI to the broader provider community.
"We invest in innovations like Jvion's because we are committed to using creativity and technology to transform the health and wellness of the people we serve," said Dina Richard, Senior Vice President and Chief Investment Officer for Trinity Health. "It is key to ensuring we are using every possible resource for achieving our goal of being, and becoming, more people-centered every day.”
As changing patient demographics and increased clinical demand continue to pressure providers, Jvion’s secure AI platform provides a solution that equips clinicians with the actionable information they need to improve outcomes and avoid health regression. The company’s analytics engine transforms information about a patient including his/her health, socioeconomic status, behaviors, and environment into targeted risk and intervention insights across more than 50 adverse events. Jvion’s technology identifies the specific patients on a risk trajectory toward a target event, determines if that trajectory can be changed, and—if so—provides the individualized interventions that will improve outcomes. The solution has been applied across inpatient and ambulatory settings, including specialty-specific bundles, as well as within health payer settings.
“As we work to bring proven and effective AI to more providers and patients, we have the potential to transform the way healthcare understands and uses AI,” said Shantanu Nigam, Jvion’s CEO. “The partnership with Intermountain Healthcare and Trinity Health will help ensure that AI is in the hands of the clinicians who need it and that its potential to keep people healthier is realized.”
Jvion delivers healthcare’s only secure, AI-driven prescriptive analytics platform. By using Eigen-based technology, the machine does what simple predictive analytics or machine learning models cannot. It goes beyond high-risk patient populations to identify those on a trajectory to becoming high risk. Jvion determines the interventions that will more effectively reduce risk and enable clinical action. And it accelerates time to value by leveraging established patient-level intelligence to drive action across hospitals, populations, and patients. For more information, visit www.jvion.com.
About Intermountain Healthcare
Intermountain Healthcare is a Utah-based, not-for-profit system of 23 hospitals, 170 clinics, a Medical Group with 1,500 employed physicians, a health plans division called SelectHealth, and other health services. Helping people live the healthiest lives possible, Intermountain is widely recognized as a leader in clinical quality improvement and in efficient healthcare delivery.
About Trinity Health
Trinity Health is one of the largest multi-institutional Catholic health care delivery systems in the nation, serving diverse communities that include more than 30 million people across 22 states. Trinity Health includes 94 hospitals, as well as 109 continuing care locations that include PACE programs, senior living facilities, and home care and hospice services. Based in Livonia, Mich., and with annual operating revenues of $18.3 billion and assets of $26.2 billion, the organization returns $1.1 billion to its communities annually in the form of charity care and other community benefit programs. Trinity Health employs about 133,000 colleagues, including 7,800 employed physicians and clinicians. For more information, visit www.trinity-health.org. You can also follow us on Facebook or Twitter.