Market Research Report on Avant-garde Health

Company Overview

• Name: Avant-garde Health

• Mission: To fundamentally improve the value of health care by enabling healthcare providers to deliver higher quality and more cost-effective care.

• Founded: 2014

• Founder(s): Derek Haas

• Key People:

• Derek Haas - CEO and Founder

• Jeremiah Atwood - CTO

• Danny Yagoda - COO

• Porter Jones - Chief Medical Officer

• Headquarters: Boston, MA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Avant-garde Health is known for its innovative healthcare data analytics solutions that help healthcare providers improve care quality while reducing costs.

Products

Avant-garde Health Solutions

Avant-garde Health offers a range of software solutions designed to enhance healthcare operations:

1. Surgical Cost Management

• Description: Tools to manage and reduce surgical costs across various healthcare departments.

• Key Features: Cost analysis, real-time reporting, and optimization strategies to drive savings.

2. Surgical Coding Optimization

• Description: Solutions to improve surgical coding accuracy and billing processes.

• Key Features: Automated coding suggestions, error detection, and compliance assurance.

3. Surgical Quality and Outcomes Optimization

• Description: Enhances surgical outcomes through data-driven insights and optimization techniques.

• Key Features: Performance benchmarking, outcomes tracking, and actionable insights for quality improvements.

4. PACU and OR Throughput

• Description: Solutions designed to optimize Post-Anesthesia Care Unit and Operating Room efficiency.

• Key Features: Throughput analysis, scheduling optimization, and workflow improvements.

5. BPCI Management

• Description: Management tools for Bundled Payments for Care Improvement (BPCI) initiatives.

• Key Features: Episode management, cost tracking, and financial performance analytics.

Recent Developments

• New Product Launches: Avant-garde Health launched its comprehensive surgical care improvement analytics platform and announced $12 million of Series A funding led by Fulcrum Equity Partners in March 2022.

• New Partnerships:

• Nebraska Methodist Health System has partnered with Avant-garde Health to enhance surgical coding and billing accuracy (July 2023).

• Beth Israel Lahey Health entered into an agreement with Avant-garde Health to deliver data-driven insights for improved patient care and affordability (March 2022).

• Recent Recognitions: Avant-garde Health debuted on the Inc. 5000 list of fastest-growing private companies in August 2023.

• Research and Publications: The company and its team have published 44 articles in top business and medical journals, including 11 co-authored in the Harvard Business Review since 2014.

Notable Achievements

• Avant-garde Health has helped clients achieve:

• A $2,300 reduction in average cost per case.

• 33% reduction in discharges to skilled nursing facilities and inpatient rehabs.

• 15% decrease in 90-day readmission rates.

• 13% reduction in average length of stay.

Conclusion

Avant-garde Health stands out as a leader in the healthcare data analytics sector, demonstrating a robust commitment to improving healthcare delivery and efficiency. With a focus on surgical cost management, coding optimization, and quality improvement, the company aligns itself with leading healthcare institutions to drive significant cost savings and care enhancement.