Caresyntax

Caresyntax is a healthcare technology company that focuses on making surgery smarter and safer through its data-driven surgery platform. The company's enterprise-grade digital surgery platform utilizes proprietary software and artificial intelligence to analyze large volumes of data from various sources in and around the operating room. This includes video, audio, images, device data, clinical, and operational data. The platform generates actionable insights that can be used by surgical teams during procedures and accessed remotely via a dedicated telehealth link.

The Caresyntax platform offers a range of features to improve surgical outcomes and operational efficiency. It provides real-time clinically relevant support tools during surgery, surgical workflow optimization before procedures, and clinical safety modules post-procedure. The platform also generates data analytics and insights for medical device companies, insurers, and other healthcare ecosystem players to drive innovation in healthcare delivery.

In terms of operational improvements, Caresyntax has reported significant benefits for hospitals using its platform. These include a 39% increase in operating room scheduling block utilization, a 25% increase in billable minutes, and a 40% decrease in after-hours cases. Financially, hospitals using Caresyntax have reported up to 1.5 more surgeries per day, over USD 300,000 additional revenue per operating room, and more than USD 500 additional savings per operating room case based on better block time utilization.

Caresyntax has expanded its offerings to include Risk Management as a Service (RMaaS) in partnership with Relyens, a European insurance and risk management leader. The company also offers Clinical Data as a Service (CDaaS) for industry partners to grow revenue, measure and improve value, and inform product development.

Key customers and partnerships

Caresyntax has established partnerships with several notable institutions and companies. The University of Iowa healthcare has partnered with Caresyntax to evaluate and standardize pathways in the operating room. The University of Massachusetts Medical School has collaborated with the company to modernize virtual training and identify safety indicators for clinical settings. In April 2021, the American Board of Surgery selected Caresyntax to provide a platform for its pilot program incorporating video-based assessments into their board certification process.

The company has also formed partnerships with international institutions. The University Hospital of Strasbourg in France has used Caresyntax software applications to document orthopedic training, leading to better scores, an optimized learning curve, and improved risk management. Sheba Medical Center, the largest medical center in the Middle East, has a research partnership with Caresyntax measuring oncological surgical data across more than 300 variables to develop algorithms for predicting surgical outcomes.