“We are extremely pleased at this vote of confidence by our new partners at Ascension Health Ventures,” said Dennis Ferrill, CEO of Advanced Practice Strategies. “As we move forward with our vision to transform the way knowledge is delivered in healthcare, this partnership provides valuable resources for product innovation as well as expansion of the team in support of rapid growth. AHV not only provides enabling capital, but also its deep roots in the healthcare delivery world are tremendously valuable in refining our product model and pushing our innovation into the product of the future. ”
“AHV’s investment highlights our belief that APS is addressing several important healthcare challenges - increasing care quality and lowering healthcare costs by better engaging caregivers through innovative online education solutions,” said Jeff Stolte, Investment Manager at AHV and APS Board member. “Positive feedback from several AHV limited partner hospital organizations was a key input in our decision to invest, and bolstered our confidence that the company has a compelling product suite and vision for future development.”
Advanced Practice Strategies (APS) is eliminating risk, increasing patient safety, and reducing healthcare costs by making it easier for physicians, nurses, and other providers to fill knowledge gaps that lead to serious medical errors. APS is creating the next generation of mobile, web-based tools to assess clinician competency, map latent risk in the healthcare environment, and deliver highly customized education that saves clinician learning time, rapidly improves performance, reduces medical malpractice risk, and increases patient safety. APS’s flexible, state of the art eLearning (http://www.aps-
About Ascension Health Ventures
Ascension Health Ventures (AHV) was launched in 2001 as a wholly-owned subsidiary of what is now known as Ascension Health Alliance. AHV’s role has been to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management, including two in partnership with other Catholic and nonprofit health systems. To learn more, visit www.ascensionhealthventures.org.