Grand rounds are a medical ritual — regular conferences held at academic medical centers, where doctors, med students and other health care professionals convene to discuss challenging cases, share experiences and talk about relevant research.
Now, with the mass adoption of electronic health records (accelerated by the Affordable Care Act), a Philadelphia startup is aiming to modernize the grand rounds model by sharing best practices
Eric King, a former medical student and self-described data nerd, launched Grand Round Table (GRT) with co-founder John Schaeffer “because I saw the potential to enhance patient care with the same big data technologies that touch our everyday lives with Google and Amazon,” he explains.
GRT’s software both enables hospitals and health systems to fulfill upcoming government mandates requiring the implementation of clinical decision support solutions, and saves clinicians time digging for patient-centered resources.
Accorind to King, the company “is using the latest big data technologies to make it possible to continuously connect health care providers in any setting with the collective intelligence of the whole health system for any patient when it’s needed at the point-of-care… Our clinical decision support software automatically transforms the information that clinicians enter into the electronic health record about their patients into actionable insights based on the latest medical literature.”
In a partnership with Philadelphia’s Einstein Medical Center, the company is performing at 70 percent accuracy making correct diagnoses on past cases, and two-thirds of residents report that the software enhances their educational experience during daily clinical conferences.
Within the next six months, GRT expects to launch a closed beta of its electronic-health-records application at several outpatient primary care sites in the Philadelphia area. Further along, GRT plans to expand into other kinds of health records and inpatient sites, and to launch another product for health plans.
Besides King, the company has two other employees and hopes to make two more hires in the next year. GRT is a graduate of the inaugural DreamIt Health program. The company stayed in Philadelphia, and is now located at the co-working space Indy Hall. Earlier this year the company received a $50,000 investment through the Technology Commercialization Fund of the Ben Franklin Technology Partners of Southeastern Pennsylvania.