Company Market Research Report: Signal 1

Company Overview

Name: Signal 1

Mission: To empower care providers with accurate, timely, and easy-to-use patient information to enable better care and outcomes, and an improved provider experience.

Vision: A future where every healthcare practitioner has the information they need to provide proactive and personalized care.

Founded: No information is available

Founders: No information is available

Key People:

Tomi Poutanen, Chief Executive Officer

Mara Lederman, Chief Operating Officer

Austin Awes, Senior Vice President, Growth

Felipe Perez, VP, Machine Learning

Bo Wang, VP, Platforms & Delivery

Pete Cronin, VP, Business Operations

Dan Shiner, VP, Product

Patrick Ware, VP, Quality and Regulatory Affairs

Alice Yang, VP, Finance & HR

Dr. Muhammad Mamdani, Chief Scientific Advisor

Maksims Volkovs, AI Scientist in Residence

Headquarters: 33 Hazelton Ave, 4th Floor, Toronto, ON M5R 2E3

Number of Employees: No information is available

Revenue: No information is available

Known For: Signal 1 is known for providing AI-powered patient insights and real-time patient information, enabling proactive decision-making in healthcare settings.

Products

Signal 1 Discharge Solution

Description: Identifies patients with a high probability of being discharge-ready and surfaces their discharge barriers to multi-disciplinary teams.
Key Features:

Predicts patient readiness at the end of acute care.

Shares patient status and barriers with relevant staff.

Algorithm surfaces ~75% of patients prior to actual discharge.

Signal 1 Staffing Solution

Description: Identifies patients with a high burden of care, enabling a more equitable distribution of work across staff.
Key Features:

Optimizes patient distribution across staff based on risk levels and workload.

Provides start-of-shift reports with visibility into patients’ risk levels and nursing tasks.

Signal 1 Deterioration Solution*

Description: Detects which patients are at high-risk for clinical deterioration and notifies care teams in real-time. (Not yet available for sale, investigational use only).
Key Features:

Alerts for patients transferring to ICU or at risk of death.

Improvement in predicting patient deterioration.

Reduction in in-hospital mortality rate.

Recent Developments

1. AI Early Warning System: Study published in the Canadian Medical Association Journal showing a 26% reduction in non-palliative deaths at St. Michael’s Hospital’s general internal medicine unit.

Source: [Canadian Medical Association Journal – Clinical evaluation of a machine learning–based early warning system for patient deterioration, September 16, 2024]

2. Media Coverage: Signal 1 was featured in multiple media articles discussing the role of AI in improving Canada's healthcare system:

The Globe and Mail (June 18, 2024): Companies leveraging AI to improve Canada’s health care system.

Video (June 19, 2024): AI and Healthcare – Safe implementation of AI for better patient outcomes.

Canadian health care workers turn to AI (January 1, 2024): Support amid a staffing crisis.

3. Partnership with Grand River Hospital: Utilizing Signal 1 Discharge Solution as part of daily discharge rounds.

Conclusion

Summary

Signal 1 is spearheading the integration of AI in healthcare with solutions specifically designed to enhance patient care, optimize discharge planning, and predict patient deterioration. With robust collaborations and a dedicated team of experts, the company is poised to make significant impacts within the healthcare sector.