Catalyst by Wellstar is excited to announce a new investment with Ferrum Health, a leading provider of advanced technology solutions in healthcare. This collaboration aims to advance innovative technology that improves patient care and operational efficiency by seamlessly integrating cutting-edge tools into existing workflows while ensuring that protected health information (PHI) remains securely within the health system firewall.
Ferrum Health offers technology infrastructure and a third-party marketplace, enabling healthcare providers to concentrate on enhancing healthcare delivery using the most advanced decision support tools available. By providing a comprehensive platform that integrates a wide range of applications, Ferrum empowers healthcare providers to focus on what matters most: improving patient outcomes and operational efficiency.
Catalyst by Wellstar’s investment underscores its commitment to advancing technologies that enhance patient care. Ferrum Health’s platform is already trusted by over 250 sites, including Sutter Health and Carle Health, highlighting its impact on improving clinical outcomes.
“Investing in Ferrum Health aligns with our mission to drive better patient outcomes and improve healthcare delivery. With the rapidly changing clinical environment, finding startups like Ferrum is becoming increasingly necessary to support our growing infrastructure needs at scale,” said John D Cooper, Head of Venture Investment at Catalyst by Wellstar.
Ferrum Health’s growing library of tools spans a wide range of specialties, including oncology, cardiovascular, neurology, orthopedics, and more. This allows health systems to deploy applications tailored to diverse clinical needs, enhancing decision-making and the quality of patient care. Ferrum Health states their platform not only enhances diagnostic accuracy but also drives operational efficiencies, with some health systems reporting a 75% reduction in compute costs and a 100x increase in data processing speed.
“Ferrum’s technology and platform could prove to be valuable tools for clinicians to leverage AI to quickly and accurately arrive at an accurate diagnosis. As this technology continues to scale, it could be a force multiplier for our clinical team,” said Bill Bellando, SVP and Chief Information Officer at Wellstar Health System.
Catalyst by Wellstar’s investment with Ferrum Health exemplifies the ongoing efforts to enhance healthcare through cutting-edge technology.
