Hospitals and healthcare providers are held accountable for the quality of care they provide by the Affordable Care Act. They are penalized for re-admissions, over-utilizations of services, and hospital acquired conditions like pneumonia or surgical site infections. If a patient is readmitted within 30-days after being discharged, hospitals risk having their reimbursement reduced or nullified. Healthcare organizations waste over $180 billion every year due to a poor understanding of their patients’ clinical risks. This risk profiling is typically done by insurance companies, who are often slow and have poor results because they only use claims data.
CareSkore is a company launching out of our current Winter 2016 class that mitigates that risk through individualized, disease-specific workflows and patient care plans. Through a combination of clinical, lab, demographic, and behavioral data from hospitals, CareSkore’s algorithm provides ongoing, real-time, and highly precise predictions for every admitted patient. These predictions are all fully automated and thus create highly customized action plans.
One of the co-founders and Chief Medical Officer of CareSkore is Dr. Puneet Dhillon Grewal, MD. She is also an Internal Medicine physician and Cardiologist. She is currently a Cardiology Fellow at Rosalind Franklin University of Medical Sciences, where she also completed her residency. The other co-founder and Chief Executive Officer of CareSkore is Jaspinder Grewal. He is a computer engineer and holds an MBA from the University of Chicago Booth School of Business. He has 13 years of experience working with large health systems, managing technology, and operations.
Currently, CareSkore is available to hospitals, health systems, and integrated delivery networks in the United States. They have also been getting international interest from Europe and Asia.
Learn more about CareSkore here.