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.

Faros Healthcare to Provide Artificial Intelligence Tools to Behavioral Healthcare Leader Centerstone

Faros Healthcare, a provider of artificial intelligence (AI) and data analytics solutions, today announced the addition of Centerstone, one of the nation’s largest nonprofit providers of behavioral healthcare, to the company’s growing customer base. Providers use the Faros real-time, predictive analytics platform for complex health treatments, accessing the AI tools to help determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient.

“We are honored that our technology is being used by Centerstone Tennessee to direct optimal care to chronically ill patients in the state − those with serious and persistent mental illness,” said Jim Stefansic, PhD, MBA, CEO of Faros. “As a data-driven organization that uses our technology, Centerstone will be well-prepared to thrive in the state’s behavioral health program known as Tennessee Health Link and other value-based reimbursement programs that will be prevalent in Tennessee.”

As one of the nation’s largest providers of behavioral healthcare, Centerstone offers a full range of mental health services, substance use treatment and intellectual and developmental disabilities services in Florida, Illinois, Indiana, Kentucky and Tennessee. Faros will be working with Centerstone Tennessee to assist with treatment of patients enrolled in TennCare, the state’s Medicaid program.

“As the State of Tennessee continues to advance value-based care, we are excited to use Faros’ technology to inform the best treatment options for the optimal clinical outcome and cost,” said Robert N. Vero, EdD, CEO, Centerstone Tennessee. “The Faros artificial intelligence platform complements the clinical judgement of our staff by helping to guide the right treatment for each specific patient.”

The Faros technology is 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. 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.

About Faros Healthcare
Providers use the Faros 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 increased outcomes by 40% while decreasing cost by 40%. Faros’ 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 Faros, visit www.farosheath.com.

About Centerstone
Centerstone is a national, private, not-for-profit 501(c)(3) healthcare organization. It provides a comprehensive scope of behavioral health services to people and communities in Florida, Illinois, Indiana, Kentucky and Tennessee. Additionally, it offers specialized life skills development, employment and housing services for adults in southern Illinois with intellectual and developmental disabilities. The organization offers a range of services and supports nationwide to service members, veterans and their loved ones, helping them to lead healthy and fulfilling lives beyond military service. Centerstone also operates the Centerstone Foundation, Centerstone Research Institute, Advantage Behavioral Health, Centerstone Military Services and Centerstone Health Partners. For more information about Centerstone, please call 888-291-4357 or visit www.centerstone.org.

Artificial Intelligence Leader Faros Healthcare Names David E. Young Chairman of the Board

Faros Healthcare, a rapidly growing provider of artificial intelligence (AI) and data analytics solutions, today announced that it has named healthcare thought leader David E. Young, MBA, as Chairman of the Board. Healthcare providers use the Faros real-time, predictive analytics platform for complex health treatments, accessing the AI tools to help determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient. Faros’ groundbreaking technology has increased outcomes by 40% while decreasing cost by 40%.

“David Young is a proven leader in the use of technology to deliver healthcare in a variety of settings. His expertise and guidance will be invaluable as Faros delivers our solutions to an increasing number of healthcare organizations,” said Jim Stefansic, PhD, MBA, President and Chief Executive Officer of Faros.

A seasoned healthcare leader, entrepreneur and educator, Mr. Young has more than three decades of experience in large and small organizations, as well as in developing many startup companies. His background includes telemedicine initiatives in Autism, child and adolescent behavioral care, as well as the corrections and long-term care fields. Most recently President and Chief Operating Officer of MindCare Solutions, Young has served in roles including CEO of the largest behavioral health authority in the state of Texas and Assistant Professor Health Services Administration at the University of Texas Southwestern Medical Center. Mr. Young received his MBA from the University of Dallas and bachelor’s degree from Samford University.

“I am honored to be elected to Chair the Board of Directors of Faros Healthcare. Faros’ artificial intelligence software brings clear direction to healthcare entities as they seek to contain costs while ensuring quality of care is maintained,” said Young. “I have seen and employed various technologies used in healthcare to improve care, but I am convinced the use of artificial intelligence will create a sea of change in care delivery, and I am delighted to be part of that change.”

Faros’ customers include healthcare providers engaged in risk-based contracts, such as 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 case management, since healthcare organizations must closely monitor and improve health on an ongoing basis for complex conditions such as behavioral health.

About Faros Healthcare
Providers use the Faros 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 increased outcomes by 40% while decreasing cost by 40%. Faros’ 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 Faros, visit www.farosheath.com.