Glassbeam and RENOVO SOLUTIONS Team Up to Improve Analytics for Ultrasound Machines
SANTA CLARA, Calif, Nov 15, 2018 — Glassbeam, Inc., the premier machine data analytics company, announced today that RENOVO SOLUTIONS will become a strategic reseller of Glassbeam’s analytics solution for the healthcare market. Together, Glassbeam and RENOVO will provide a joint solution for service and utilization analytics specific to ultrasound equipment. Leveraging Glassbeam’s AI powered machine data analytics platform, the solution converts unplanned downtime into planned downtime by predicting failures and identifying utilization inefficiencies.
As a leading provider of healthcare technology management solutions, RENOVO has a vast client base and deep expertise in the ultrasound market for all major OEM products. Its award winning RENOVOLive® CMMS platform helps reduce costs and improves the overall performance of medical equipment in healthcare facilities nationwide. As a strategic partner, RENOVO compliments its extensive healthcare domain knowledge with software analytics expertise from Glassbeam to maximize revenue generation by increasing machine uptime and utilization, while reducing service costs.
“Today, healthcare providers’ clinical engineering, radiology and service teams lack the data-driven insights to make effective capex and opex decisions. As a result, their organizations fail to maximize machine uptime and reduce operating and maintenance costs as much as possible,” said Sandy Morford, CEO of RENOVO SOLUTIONS. “Partnering with Glassbeam enables RENOVO additional capabilities to better leverage the analytical data generated by ultrasound modalities. We look forward to optimizing healthcare providers’ return of investment and improving the patient experience through increased uptime.”
Most of the current service models for maintaining expensive ultrasound equipment is inefficient and reactive. Ultrasound machines generate large amounts of useful data that healthcare providers have failed to leverage. This machine log data is a disruptive force to increase uptime from the current 96-97 percent range to more than 99 percent, which translates to potentially millions of dollars in increased revenue per year. RENOVO will extract insights from machine logs and Glassbeam’s platform will apply this data to build a comprehensive set of analytics dashboards that will align with healthcare providers’ unique needs. In the near future, RENOVO and Glassbeam will expand this relationship to include other imaging equipment, such as CT and MRI machines.
“The combination of RENOVO’s ultrasound expertise and Glassbeam’s service and utilization analytics will enable healthcare providers to address the growing need to generate predictive and prescriptive insights,” said Glassbeam CEO, Puneet Pandit. “Glassbeam will provide these insights in one single pane of glass, starting with Ultrasound market and in the future assist RENOVO in expanding its focus to other imaging modalities.”
Glassbeam Exhibits at RSNA 2018
To learn more about Glassbeam- RENOVO collaboration, please visit Glassbeam at RSNA in Chicago, Nov. 25-30, Booth #2674 for a demo.
About RENOVO Solutions
RENOVO SOLUTIONS provides healthcare technology management service solutions that significantly reduce maintenance costs, increase quality and improve medical equipment performance in facilities nationwide. Our cost transparency & consultative approach to clinical equipment service and management delivers a paradigm shift from typical service models. RENOVO SOLUTIONS was formed by the Leadership team, innovators in their field with over 120 years of combined experience in the healthcare industry. Drawing from those decades of service and experience, RENOVO, which is Latin for “renew”, aims to reinvent and simplify the concept of medical equipment management. Therefore, we provide flexible, customized and comprehensive solutions that address the complexities of asset and medical device management. For more information visit https://renovo1.com
Glassbeam is the premier machine data analytics company bringing structure and meaning to complex data generated from any connected machine in the Industrial IoT industry with a strong focus on medical and data center equipment. Funded by several ultra-high net worth investors, Glassbeam’s next generation cloud-based platform is designed to transform, analyze, and build Artificial Intelligence applications from multi-structured logs, delivering powerful solutions on customer support and product intelligence for companies such as IBM, Dell EMC, PTC, Novant Health, UCSF Health, and Dimension Data.