VisionTree®, a leader in cloud-based, patient reported outcomes, patient engagement and multi-center research/registry solutions, is pleased to announce it has been awarded $10,000 as part of the MetroConnect Prize, an export assistance grant to help firms pursue foreign markets. This funding will allow VisionTree to expand its growth to key global markets. The award was announced today at a press conference featuring San Diego Mayor Kevin Faulconer and other key elected officials and business leaders.
Funded by JPMorgan Chase & Co., the MetroConnect Prize grants 15 San Diego companies $10,000 each in order to assist with access to foreign markets. The MetroConnect Prize is part of the Go Global San Diego Initiative, which aims to help San Diego maximize its economic competitiveness and prosperity through increased global engagement. MetroConnect is administered by San Diego Regional EDC. In March 2015, Mayor Faulconer, JPMorgan Chase and others gathered more than 300 key business leaders at the Go Global San Diego Summit to discuss San Diego's ability to grow jobs and opportunity in the region. The MetroConnect Prize was the first action item announced at the Summit, aimed at assisting small and medium-sized enterprises.
Companies in innovative industries throughout San Diego were encouraged to fill out an application. In total, 64 companies applied to receive the prize. Companies were selected based on a variety of criteria, including interest in new markets, interest in targeted metro markets, assessed impact of funds, current international plan and more. A panel of judges, including representatives from Biocom, CONNECT, Qualcomm Ventures, Quantum Designs, San Diego Regional EDC, Software San Diego and Wireless Life Sciences Alliance selected the winners.
"We applaud VisionTree Software for taking the next step going global. The MetroConnect Prize is essentially a business accelerator program for globally-minded companies. The funding and guidance provided by the prize will help VisionTree explore new world markets, resulting in economic growth for San Diego."
Since being founded in 2003, VisionTree Software, Inc., based in San Diego, CA, has been building and delivering patient-centered outcomes solutions to improve patient and provider communication, improve and measure outcomes and connect communities. Beginning with its patient and provider shared decision making tools to help patients evaluate evidence-based treatment options and weigh in with their quality of life factors, the VisionTree Optimal Care™ (VTOC), cloud-based platform has evolved to a robust, enterprise solution now implemented at 600+ sites globally, including 8 of the top 10 U.S. News and World Report hospitals, 400+ cancer centers and 2.5M+ patients users.
VisionTree has been a pioneer in patient portal technology with thought leading clinical sites nationally and globally, documented through numerous peer-reviewed abstracts and studies, providing a paperless, data-driven approach to managing a patient's treatment pathway beginning with patients entering their health history and patient reported outcomes information, and helping patients build and share their personal health record with their providers and caregivers. VTOC's user self-managed, SaaS platform includes a library of 200+ validated electronic patient reported outcomes measures (ePROMs) with VTOC Template & Timepoint Manager and an ePROMs API to ‘plug-and-play' with existing patient portal technologies (API Partner Program), as well as secure two-way messaging with form alerts, vendor-agnostic interoperability solutions for bi-directional data exchange, VTOC Rapid Forms™ Builder and VTOC 360 Analytics™.
With over a decade in clinical use, VTOC has documented improvements in patient care and the clinical workflow; including up to 20% reduction in non-urgent phone calls, up to 30% improvement in missed appointments, over 30% increased patient satisfaction, and over 40% improved compliance for capturing longitudinal PROMs as compared with paper. The VTOC cloud-based application can be accessed from any browser-based computer or mobile device with internet access (e.g. tablet, smartphone) and provides a completely paperless, patient-centered end-to-end workflow solution for longitudinal patient reported outcomes data collection and reporting to deliver value-based healthcare, quality benchmarking and population health data management on a global level.
Over the next few months, VisionTree will target its global expansion activities in Europe, Australasia, Brazil and Canada. VTOC has been live throughout the European Union (EU) with servers based in Germany since 2009, and is implemented in 12 counties and 11 languages for patient-centered outcomes using outcomes data set standards across most all medical conditions with a strong core focus in oncology, as well as neuro/spine and orthopedic surgery, as well as behavioral health. VTOC has also been launched in Asia with multi-center research initiatives and has a distribution network throughout Australasia with deployments in Australia and New Zealand underway.
"We are excited to be part of the healthcare system transformation on a global level, providing the VTOC cloud-based platform with substantial library of electronic patient reported outcomes assessments for improving patient care, benchmarking and population health data management to assist with more informed decision making and trends across patient populations. VisionTree is proud to be providing a global, internalized platform that can connect disparate clinical systems, connect patients to their providers and help them include their quality of life factors in key treatment pathway decision making and integrated care delivery."
Announced at the press conference today, MetroConnect Prize winners will also be eligible for the grand prize – an additional $50,000 to help one or two companies advance their global agendas. In late 2015, MetroConnect recipients – including VisionTree Software, will be invited to share their stories for the judges and compete for the grand prize.
About San Diego Regional Economic Development Corporation
San Diego Regional Economic Development Corporation's (EDC's) mission is to maximize the region's economic prosperity and global competitiveness. As an independently funded non-profit fueled by more than 160 companies and organizations. EDC works to attract, retain and expand companies and the talent pool across the region's three traded economies: military, tourism and innovation
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VisionTree Software, Inc., a Brainlab company, is a leader in cloud-based, patient-centered health electronic medical records, communication and population health data management systems. The VisionTree Optimal Care (VTOC) outcomes platform is MACRA compliant as a modular EHR and implemented at over 600 sites with 2.5M+ patient records in 15+ languages.
The VTOC platform is used for multi-center research, registries and population health initiatives across multiple domains. VisionTree's customer base consists of leading academic and community centers, research organizations and medical societies globally including 17 of the top 20 U.S. News and World Report hospitals.