The Risk Authority Stanford Launches
Innovence Pulse Software for Risk Managers
Stanford, CA. (September 25, 2016)— Harnessing the power of innovation and advanced technological expertise in Silicon Valley, The Risk Authority Stanford (TRA Stanford) has developed a new suite of software tools to meet the challenges of healthcare risk management and data collection head-on. Innovence Pulse is the first e-solution designed by risk managers for risk managers. This leading-edge system improves the timeliness and quality of data used in risk management decisions by automatically collecting, coding and translating risk events that occur at healthcare facilities.
Innovence Pulse will debut at the American Society for Healthcare Risk Management (ASHRM) annual conference September 25-28, 2016 in Orlando, Florida. Attendees are encouraged to visit TRA Stanford at booth #517 for a demonstration of this new software that will help risk managers excel and save lives.
“One of healthcare’s greatest challenges is collecting and acting on real-time data in a manner that is accurate, thorough, and efficient. But, there is a noticeable lack of technology to facilitate these objectives and off-the-shelf solutions are not tailored to the specific needs of risk managers,” said Jeff Driver, CEO of TRA Stanford and Chief Risk Officer of Stanford Health Care and Stanford Children’s Health. “Our time is too valuable to be spent collecting data, and our decisions are too important to be based on inexact and lagging information—they are life and death.”
Innovence Pulse offers risk managers modern technology that provides more accuracy and control over their practice. It makes decisions simple, efficient and effective by automatically collecting and analyzing critical information. Previously disparate data sets such as incident reports, loss runs, patient complaints and net patient revenue are connected and transformed into clear, concise snapshots. This complete picture of past, current and emerging risks enables users to thrive in our information-rich era of risk management.
The easy-to-understand output is coded and modeled to the Stanford Risk Lexicon for accurate descriptions and terms that make information actionable. With analysis happening in real-time, Innovence Pulse users can monitor the ROI of their risk investments, spot trends and take preventative measures to stop potential losses before they happen.
“The launch of Innovence Pulse means risk managers around the world can spend less time putting out fires and more time coming up with ways to prevent harm and keep people safe,” says Driver.
About The Risk Authority Stanford
TRA Stanford is a healthcare risk management consulting firm dedicated to transforming its clients’ risk management practices with cutting-edge solutions, unrivaled expertise and quantifiable results. TRA Stanford’s origins are rooted within the Stanford University Medical Network, and it continues to provide all risk management services to the institution and its two captive insurance companies. TRA Stanford is an industry leader in the development and implementation of solutions across all dimensions of risk management, including clinical risk management and patient safety, enterprise risk management, risk financing, claims and litigation and workplace safety. For more information:
Contact: Stephenie Fenton-Wilhelm
VP of Marketing and Consulting Operations