Company Research Report: Phrase Health

Company Overview

Name: Phrase Health

Mission: To optimize electronic health record (EHR) workflows, improve healthcare quality, and reduce clinical variation through actionable insights and collaborative tools.

Founded: 2018

Founders: Phrase Health was founded by a team of board-certified clinical informatics physicians after they spun out the technology developed at Children’s Hospital of Philadelphia.

Key People: Marc Tobias, MD (Founder & CEO), Evan Orenstein, involved in pivotal projects

Headquarters: 1635 Market Street, Suite 1600, Philadelphia, Pennsylvania 19103, USA

Number of Employees: Estimated between 2-10 employees

Revenue: No information is available

Known For: Phrase Health is recognized for its expertise in providing analytics, governance, and optimization tools for EHR workflows to improve clinical decision support.

Products

Phrase Health's EHR Workflow Management Solution

High-Level Description: A cloud-based software platform offering advanced analytics and collaboration tools to enhance EHR workflows.

Key Features:

Actionable Insights: Automatically surfaces opportunities and inefficiencies in EHR workflows for targeted intervention.

Benchmarking Tools: Compare results against other EHR workflows to identify variations.

Custom Dashboards: Assemble quality improvement dashboards tailored to specific needs.

Governance Support: Streamlines processes for content reviews, tracks to-dos, and organizes workflows effectively.

Collaboration Tools: Facilitate communication and accountability across teams working on healthcare quality improvements.

Outcomes Monitoring: Link clinical interventions to measurable outcomes and quality improvements.

Data Access and Analytics: Provides instant data access and custom measures to assess and monitor the effectiveness of interventions.

Recent Developments

NIH Grants:

Phrase Health secured a $1.7 million Phase 2 STTR grant from the NIH in August 2021, expanding its quality improvement platform with partners like Children’s Hospital of Philadelphia and Emory University.

Awarded a $2 million SBIR grant from the NIH to enhance its analytics solutions and clinical workflow assessments.

Product Launches:

Released the Phrase Health Outcomes product to facilitate self-service dashboards and increase the volume of improvement projects in healthcare systems.

Partnerships and Collaborations:

Collaborating with academic health systems, community health networks, and stand-alone pediatric hospitals.

Awards and Recognition:

Winner of the "Closing the Data Divide Challenge" for innovations in public health alerts.

Winner of the Department of Health and Human Services “Provider User Experience Challenge.”

Conclusion

Phrase Health continues to make strides in the healthcare technology industry by enhancing electronic health records and quality improvement processes through innovative analytics and collaborative solutions. Its ongoing partnerships with leading healthcare institutions and repeated recognition through grants and awards underscore its impact and contribution to healthcare improvements.