Press Release – updated: Oct 2, 2018 08:28 PDT
RALEIGH, N.C., October 2, 2018 – Roundtable Analytics, Inc., an AI/ML based software company focused on improving the operational and financial performance of Emergency Departments, has been awarded an additional research and development grant from the National Science Foundation. This NSF SBIR Phase IIB grant of $500,000 increases the total amount awarded to the company by the NSF to $1.65 million.
Roundtable Analytics’ team of data scientists developed the Emergency Department Simulation Lab (EDSL) to help hospitals reduce overcrowding in patient waiting rooms, decrease patient length of stay, and improve patient care and satisfaction. Roundtable’s EDSL allows healthcare systems to easily simulate operational changes and quickly identify an operational strategy that improves patient flow from the waiting room through the emergency department.
Roundtable Analytics currently serves four Level 1 Trauma Centers in North Carolina, including Vidant Medical Center, the University of North Carolina at Chapel Hill, Wake Forest Baptist Medical Center in Winston-Salem, and WakeMed in Raleigh.
The latest NSF grant will help fund the R&D effort to extend Roundtable’s existing solution beyond the walls of the ED and into the inpatient beds of the hospital. By providing data-driven decision support – both within the ED and throughout the hospital – health systems can improve their financial results by millions of dollars per year.
About Roundtable Analytics, Inc.
Roundtable Analytics, Inc. offers on-demand and easy to use data analytics, such as site-specific simulation models, that optimize the performance of client Emergency Departments. Securely leveraging each ED’s unique data resources, Roundtable Analytics’ AI/ML based predictive analytics are delivered via SaaS to ED managers who can quickly simulate the impact of adjusting key management variables under their control. This approach eliminates the risks of suboptimal patient care and financial losses that can occur during costly trial-and-error periods.
Funded by a combination of National Science Foundation grants and private equity, Roundtable Analytics launched the commercial version of their Emergency Department Simulation Lab (EDSL) in 2016.
Source: Roundtable Analytics, Inc.
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