Artificial Intelligence Company Unveils New Name – Faros Becomes Raiven Healthcare

Artificial intelligence company Faros Healthcare, based in Nashville, has changed its name to Raiven Healthcare, officials announced today. Healthcare providers use the Raiven real-time, predictive analytics engine for assistance with complex health treatments, accessing the artificial intelligence (AI) tools to determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient. Raiven’s groundbreaking technology has demonstrated improved clinical outcomes by 40% while decreasing costs by 60%.

“Artificial intelligence has the ability to truly transform healthcare organizations and support providers in making optimal treatment decisions for patients,” stated Jim Stefansic, PhD, MBA, President and CEO of Raiven. “The ‘AI’ in Raiven’s name highlights our industry-leading artificial intelligence engine, which is positively impacting the lives of patients as well as offering a tremendous competitive advantage to Raiven’s clients.”

The artificial intelligence and predictive analytics company lists among its clients Centerstone, one of the largest non-profit providers of behavioral healthcare services in the country.

“Although our name is changing, our mission is not,” Stefansic added. “We remain committed to helping healthcare organizations serve their communities by determining the most effective, most economical treatment for patients.”

Stefansic says that the Raiven AI Engine is more needed than ever for those engaged in risk-based contracts, including accountable care organizations (ACOs) and providers in gainsharing agreements that require advanced algorithms to deliver actionable results that address specific problems. In particular, Faros is focused on care beyond the clinic through care coordination and case management, since healthcare organizations must closely monitor and improve health on an ongoing basis for complex conditions such as behavioral health.

To learn more about Raiven, visit the company’s website at www.raivenhealth.com.

About Raiven Healthcare
Providers use the Raiven Healthcare real-time, predictive analytics platform for complex health treatments, accessing the artificial intelligence (AI) tools to help determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient. The company’s groundbreaking technology has improved outcomes by 40% while decreasing cost by 60%. Raiven’s solutions are ideal for those engaged in risk-based contracts, including accountable care organizations (ACOs) and providers in gainsharing agreements that require advanced algorithms to deliver actionable results that address specific problems. For more information about Raiven, visit www.raivenhealth.com.

MedQuest Signs Joint Venture Agreements with Multiple Health Systems, Emerges as Leading Outpatient Imaging Partner

In today’s healthcare environment with unprecedented pressure on providers to develop cost-effective and accessible diagnostic imaging networks, MedQuest Associates has emerged as a leading outpatient radiology partner for hospitals and health systems. Focusing on the outpatient imaging business exclusively for over 24 years, MedQuest is one of the largest, most experienced and most successful providers in the country, currently managing a network of 45 imaging centers across seven states.

“MedQuest leverages its deep expertise in outpatient imaging to focus on partnerships with hospital and health systems. We have seen strong interest and entered into multiple agreements for our comprehensive services, which are headlined by outpatient imaging management and joint ventures (JV) and referring physician engagement,” stated Bruce Elder, CEO of Atlanta-based MedQuest. “We specialize in delivering quality outpatient imaging at economically sustainable and consumer-friendly rates, which is increasingly important as patients bear a greater share of healthcare costs.”

“MedQuest brings more than two decades of experience to partnering with hospitals and health systems in outpatient imaging,” said Elder. “The capabilities we have developed as one of the leading companies in the industry can deliver better performance, enhanced patient experience and increased market share for our partners.”

To fulfill its goal of serving as a long-term operating partner for a hospital or health system, MedQuest can make a capital commitment and serve as the full turnkey manager of imaging centers, ensuring the highest likelihood of maximum performance for all of the partners. MedQuest also offers its partners flexibility in joint venture structures and equity arrangements.
MedQuest’s recent partnerships and major relationships with health systems include:

  • University of Maryland Charles Regional Medical Center, University of Maryland Diagnostic Imaging Specialists, PA and MedQuest Associates entered into a joint venture to develop and operate a full-modality outpatient diagnostic imaging center in La Plata, Maryland. University of Maryland Charles Regional Imaging recently opened with MedQuest managing the day-to-day operations of the center.
  • North Mississippi Health Services (NMHS) has purchased a majority interest in The Imaging Center in Tupelo and partnered with MedQuest as a joint venture partner in the business. MedQuest purchased a minority interest in the center and has assumed management of daily operations.
  • FirstHealth of the Carolinas Inc., MedQuest and its affiliates have partnered to operate FirstHealth Southern Pines Diagnostic Imaging, an existing outpatient diagnostic imaging facility located in Southern Pines, North Carolina.
  • Novant Health, a 15-hospital integrated delivery network, relies on MedQuest to manage its entire portfolio of outpatient imaging centers and mobile imaging assets across North Carolina.

About MedQuest Associates
MedQuest is a leading owner, operator and manager of diagnostic imaging facilities with a network of 45 imaging centers under management. As one of the nation’s most experienced outpatient imaging partners, MedQuest provides comprehensive services, including outpatient imaging management and joint venture (JV), and referring physician engagement. Serving health systems, hospitals and imaging centers nationwide, MedQuest draws upon decades of operational experience and industry knowledge to deliver comprehensive guidance and solutions that increase revenue and optimize operations, while improving quality and the patient experience. MedQuest’s industry-leading proprietary systems and processes create an unrivaled value proposition for its partners. Learn more at www.mqradiology.com.

Addiction Treatment Pioneer JourneyPure Continues Rapid Growth, Expands Regional Footprint with Eight New Outpatient Centers

JourneyPure, a leading provider of addiction treatment services for patients from across the nation, today announced a significant expansion of its treatment network with the addition of eight outpatient centers in Tennessee, Kentucky and Florida. Through a combination of inpatient facilities, outpatient centers and proprietary coaching services and technologies, JourneyPure delivers a full continuum of integrated, high quality services to assist each patient in becoming and staying healthy.

“JourneyPure’s eight new outpatient addiction treatment centers reinforce our commitment to the long-term recovery of our patients by providing a full continuum of services to support their needs,” stated JourneyPure CEO and co-founder Kevin Lee. “Most patients can be effectively and efficiently treated on an outpatient basis and do not require the controlled environment of a residential facility.”

“JourneyPure has designed flexible outpatient programs to make treatment accessible to those who have career and family obligations that prevent them from an inpatient stay,” said Lee. “Individuals participating in outpatient treatment also benefit from the use of our industry-leading JourneyPure Coaching™ app, which helps prevent relapse and promotes long-term recovery from addiction.”

The new outpatient addiction treatment centers are located in proximity to existing JourneyPure inpatient facilities to provide a smooth transition and continuity of care. JourneyPure’s team of clinicians and addiction specialists has developed innovative programs to meet the specialized needs of patients, many of whom suffer from co-occurring mental illness and substance abuse disorders.

The Tennessee outpatient centers being added are JourneyPure Nashville, JourneyPure Columbia, JourneyPure Murfreesboro, JourneyPure Tullahoma and JourneyPure Knoxville. The new Kentucky centers are JourneyPure Louisville and JourneyPure Paducah, while JourneyPure Orlando is being added in Florida. The Nashville, Knoxville, Louisville, Paducah and Orlando clinics are opening in October and November, while the other clinics are operational.

“Patients who have completed detoxification and a residential or inpatient program can benefit from the services of these new centers. Outpatient programs can help these individuals maintain progress so that the threat of relapse is significantly reduced,” stated Dr. Sam MacMaster, addiction industry pioneer and co-founder, executive vice president and chief clinical officer of JourneyPure.

“JourneyPure truly helps patients receive the drug and alcohol addiction treatment they need and deserve. We do so by providing evidence-based treatments along with dual diagnosis to address co-occurring mental health issues and root out the underlying triggers causing the patient to abuse substances,” said Dr. MacMaster. “In today’s world, JourneyPure’s services are needed more than ever. The alarming increase in opioid use as well as trends in prescription drug abuse are key factors that have fueled JourneyPure’s growth.”

Recent CDC reports show that from 2000 to 2015 more than half a million people died from drug overdoses. Since 1999, the number of opioid overdose deaths has quadrupled, and 91 Americans now die every day from an opioid overdose. It has been estimated that more than 15 million individuals in the U.S. are currently abusing prescription drugs.

JourneyPure has been rapidly expanding its footprint in regional markets and currently serves patients from across the nation through six inpatient facilities in Tennessee, Kentucky and Florida, as well as numerous sober living homes and outpatient clinics. JourneyPure’s growing base of inpatient facilities includes JourneyPure At The River and JourneyPure Voyage in Murfreesboro, Tennessee; JourneyPure Serenity Network in Knoxville, Tennessee; JourneyPure Bowling Green in Bowling Green, Kentucky; JourneyPure Emerald Coast in Panama City Beach, Florida; and JourneyPure 12 Keys Rehab in Jensen Beach, Florida.

JourneyPure has a robust pipeline of opportunities to partner with owners of existing addiction treatment centers as well to develop de-novo facilities. The experienced JourneyPure team offers industry-leading operational tools and proprietary technologies as well as access to expansion capital.

About JourneyPure
JourneyPure is a leading provider of innovative addiction treatment services with an emphasis on treating co-occurring mental illness and substance abuse disorders. Through a combination of inpatient facilities, outpatient centers and proprietary coaching services and technologies, JourneyPure delivers a full continuum of integrated, high quality services to assist each patient in becoming and staying healthy. Led by a highly accomplished team of industry experts, JourneyPure is a privately held company headquartered in Brentwood, Tennessee. For more information, visit www.journeypure.com or call 1-888-287-3259.