Axial Exchange Wins First Place in Federally-Sponsored Healthcare Innovation Competition

RALEIGH, N.C.--(BUSINESS WIRE)--Axial Exchange, Inc., Health 2.0, and the US Department of Health and Human Services' Partnership for Patients Initiative announced that Axial's Care Transition Suite was the first place winner in the innovation competition, titled "Ensuring Safe Transitions from Hospital to Home." The public challenge invited healthcare application developers around the country to devise an intuitive application that dealt with the very real problem of moving a patient into and out of a hospital safely and efficiently. The 40 submissions were evaluated on the application's ability to handle complex inpatient data as well as the application's design and ease of use.

Axial's Care Transition Suite puts tablet, laptop and mobile phone technology to work to better ensure that patient information flows automatically between care settings. Axial also creates an interactive care plan that enables patients of all ages to take control of their aftercare. Axial's solution reduces readmissions, increases patient satisfaction, and saves time and money across the healthcare delivery network. Vital patient information is often lost in care provider hand-offs - gaps that compromise quality of care and costs. This is particularly true for the 5% of patients whose chronic illnesses account for 50% of claims. A video of Axial's winning submission appears here.

Using simple, easy to read interfaces, the Care Transition Suite connects the members of the care delivery network -- Emergency Medical Service (EMS) first responders, hospitals, physicians, and health plans. The solution incorporates three of Axial's product modules, Axial EMS, Axial Alerts, and Axial Patient, to provide an unprecedented view of the entire patient's care experience. The solution automatically updates and shares details about EMS transports, ER and inpatient encounters, and specialist test results. This better facilitates a safe patient transfer and helps the entire healthcare system to better manage treatment using familiar, easy to use devices.

"Two thirds of patients can neither describe their diagnosis or state the purpose of their medications," said Joanne Rohde, CEO, Axial Exchange, Inc. "Our application not only engages patients, but also ensures that information flows to all caregivers in a way that benefits health systems, payors, and patients."

"Research shows that empowering patients and caregivers with information and tools to manage their care is a very effective way to reduce errors, decrease complications, and prevent a return visit to the hospital," said Jean-Luc Neptune, MD, MBA, senior vice president of Health 2.0, which managed the competition under the auspices of the Office of the National Coordinator's (ONC) Investing in Innovation (i2) initiative. "Axial's Care Transition solution is a simple, elegant and creative use of technologies that typifies the innovation that's possible through the healthcare chain."

About Axial Exchange, Inc.

Axial Exchange, Inc. supports our national journey from fee-based to performance-based healthcare. Our products enable continuity of care across disparate settings. When a patient transitions between ambulance to hospital, or hospital to other care settings, information gaps can drive up avoidable readmission rates and patient safety issues. Axial enables information to flow to a patient's next care setting so that providers have what they need, when they need it. In parallel, Axial engages patients with the information and tools needed to improve their ownership of after-care responsibilities.

Axial's SaaS technology platform is built on open infrastructure and is capable of managing virtually any type of health data and presenting it in a consumer-like experience that accommodates any device with a web browser. Visit www.axialexchange.com

 

Contacts

Axial Exchange
Matt Mattox, 919-623-7634
[email protected]
or
Mary Kae Marinac, 978-685-3136
PR Representative for Axial Exchange
[email protected]

 

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