Healthcare IT company
Analytical Informatics Inc
last month signed a partnership with SchedFull LLC
, a Detroit patient scheduling company, to broaden its product offerings. The SchedFull partnership is the first of several agreements the downtown Baltimore company expects to announce this year.
CEO Chris Meenan says the downtown Baltimore company is looking to improve efficiency and quality via deals with small companies like SchedFull and with hospitals in the “hot areas” of healthcare, such as staffing efficiency and patient experiences. He hopes to announce a hospital partnership next month.
The company offers a suite of tools that improve hospitals' efficiencies. For example, the company has a staffing model that shows which hours are busiest and how many rooms need to available for operations and radiology, both expensive-to-run facilities.
SchedFull works with hospitals and physician offices to electronically notify patients about appointments and cancellations. The partnership allows Analytical Informatics to offer an application that addresses the patient experience.
“In the healthcare field, hospitals are trying to understand patients. Hospitals can save a lot of money if they can reduce their no-show rates,” says Meenan.
Analytical Informatics was spun out of the University of Maryland, Baltimore technology transfer office in 2011. Data from hospitals, physicians and other providers is aggregated into a central platform to which applications can be added.
The company invented some of the applications itself or, like SchedFull, has acquired them through partnerships. Others are licensed from University of Maryland School of Medicine. Analytical Informatics charges about $4,500 per month for the basic model plus several applications of a client’s choice. Other applications can be added for extra fees.
The company already has partnerships with hospitals that include Johns Hopkins, University of Utah Health Care and Indiana University Health.
Besides Meenan, company staffers are the other three cofounders: Mark Daly, Max Warnock and Christopher Toland. In June, it is hiring at least two staffers, in software development and sales and marketing.
Source: Chris Meenan, Analytical Informatics Inc.
Writer: Barbara Pash