PROVIDENCE, RI — The New England Business Association (NEBA), sponsor of the New England Innovation Awards, have announced the 2018 Finalists. NEBA selected RIQI from 213 innovative organizations to compete in the final phase of this competition.
Innovation is at the heart of economic prosperity and NEBA continues to recognize those companies and organizations that have transformed their innovative ideas into a product or service that delivers proven value to customers. Former winners come from varying fields such as technology, manufacturing, service (both for profit and not-for-profit) and retail/distribution. Previous winners include notable companies such as Staples, PictureTel, Ben & Jerry’s, Brooks Automation, Genzyme, Nantucket Nectars, Imagitas!, Aurora Imaging Technology, Hubspot and iRobot.
RIQI entered their Care Management Alerts & Dashboards (CMADs) product in the competition. The CMADs provide critical real-time information about their patients’ hospital and emergency department admissions to community-based providers. This closes a significant information gap in care coordination, that without which, patients can be at risk for readmissions, medical error, and inefficient care. The CMADs allow providers such as primary care physicians, Opioid Treatment Programs, and Community Health Centers to rapidly engage in care coordination, medication management, and preventive care. A recent impact analysis showed that the use of CMADs resulted in a 16 – 20% reduction in avoidable hospital and ED readmissions, and an approximately $13M in savings in 2017.
“RIQI is delighted to be named a Finalist for the 2018 Business Association of New England Innovation Awards,” said RIQI President and CEO Laura Adams. “We’re committed to saving lives at the speed of data, and it’s exciting to see our work recognized not only for its impact on health and healing, but for its contributions to a thriving innovation ecosystem in New England.”
Winners and Finalists of this prestigious award will be honored at the ‘Evening of Innovation’ Gala Dinner on May 10 at the Westin Hotel, Waltham MA.
About New England Business Association
The New England Business Association, founded in 1938 as Smaller Business Association of New England, Inc. (SBANE), is a private not-for-profit association of approximately 600 member companies located throughout the six-state region. The association was established to provide a legislative voice for small business at the state and federal levels and to make practical information available to help business owners grow their companies. Since that time, New England Business Association member companies are no longer just small businesses.
The association runs an extensive list of programs each year and has active chapters in Massachusetts and Rhode Island. Our offerings include event series in Massachusetts, Rhode Island and New Hampshire; monthly Service Providers Groups; Senior Executive Circle (peer-to-peer advisory groups); access to capital for small and medium-sized businesses; Manufacturing Matching Grants; New England’s premier Innovation Awards program; exclusive golf tournament; B2B networking via SocialLink Member Portal; and much more!
Visit New England Business Association at newenglandbusiness.org/#nebiz.
About Rhode Island Quality Institute
RIQI is a center of collaborative innovation that advances health and healthcare transformation. Our mission is to improve the quality, safety and value of healthcare and share knowledge that advances the field of healthcare improvement. RIQI is a 501(c)(3) non-profit organization founded in 2001 and overseen by a Board of Directors comprised of senior health industry leaders from our community, including CEOs of hospitals, health insurers and health-related businesses, along with leaders of consumer groups, academia and government agencies. For more information, visit www.riqi.org.