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American Oncology Network (AON) and Vantage Health Technologies Partner to Improve Cancer Patient Outcomes with AI-enabled Value-Based Care Platform

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American Oncology Network (AON) has partnered with Vantage Health Technologies to enhance cancer care delivery through an AI-enabled value-based care platform. The collaboration will initially implement Vantage's SocialHealth360 solution to improve patient navigation and address Social Determinants of Health (SDoH). The platform is expected to save healthcare professionals 5-8 hours weekly on administrative tasks, reduce provider burnout, and improve patient outcomes while lowering care costs. Future phases will focus on implementing AI solutions for value-based care use-cases.

L'American Oncology Network (AON) ha collaborato con Vantage Health Technologies per migliorare la fornitura di assistenza oncologica attraverso una piattaforma di assistenza basata sul valore abilitata dall'IA. La collaborazione implementerà inizialmente la soluzione SocialHealth360 di Vantage per migliorare la navigazione dei pazienti e affrontare i Determinanti Sociali della Salute (SDoH). Si prevede che la piattaforma permetterà ai professionisti sanitari di risparmiare 5-8 ore settimanali in compiti amministrativi, ridurrà il burnout degli operatori e migliorerà i risultati per i pazienti, abbattendo i costi dell'assistenza. Le fasi future si concentreranno sull'implementazione di soluzioni IA per casi d'uso di assistenza basata sul valore.

American Oncology Network (AON) se ha asociado con Vantage Health Technologies para mejorar la entrega de atención oncológica a través de una plataforma de atención basada en el valor habilitada por IA. La colaboración implementará inicialmente la solución SocialHealth360 de Vantage para mejorar la navegación del paciente y abordar los Determinantes Sociales de la Salud (SDoH). Se espera que la plataforma ahorre a los profesionales de la salud de 5 a 8 horas semanales en tareas administrativas, reduzca el agotamiento del proveedor y mejore los resultados del paciente, al tiempo que disminuye los costos de atención. Las fases futuras se centrarán en la implementación de soluciones de IA para casos de uso de atención basada en el valor.

미국 종양 네트워크(AON)는 Vantage Health Technologies와 협력하여 AI 기반 가치 기반 치료 플랫폼을 통해 암 치료 제공을 개선하고 있습니다. 협력은 초기적으로 Vantage의 SocialHealth360 솔루션을 구현하여 환자 내비게이션을 개선하고 건강의 사회적 결정 요인(SDoH)에 대처할 것입니다. 이 플랫폼은 의료 전문가가 행정 업무에서 주당 5-8시간을 절약하고, 제공자의 소진을 줄이며, 환자 결과를 개선하고 치료 비용을 낮출 것으로 예상됩니다. 향후 단계는 가치 기반 치료 사용 사례를 위한 AI 솔루션 구현에 집중할 것입니다.

Le American Oncology Network (AON) s'est associé à Vantage Health Technologies pour améliorer la prestation des soins du cancer grâce à une plateforme de soins basés sur la valeur activée par l'IA. La collaboration mettra initialement en œuvre la solution SocialHealth360 de Vantage pour améliorer la navigation des patients et aborder les Déterminants Sociaux de la Santé (SDoH). La plateforme devrait permettre aux professionnels de la santé d'économiser 5 à 8 heures par semaine sur des tâches administratives, de réduire l'épuisement des prestataires et d'améliorer les résultats pour les patients tout en réduisant les coûts des soins. Les phases futures se concentreront sur l'implémentation de solutions IA pour des cas d'utilisation de soins basés sur la valeur.

Das American Oncology Network (AON) hat sich mit Vantage Health Technologies zusammengeschlossen, um die Krebsversorgung über eine KI-gestützte wertbasierte Gesundheitsplattform zu verbessern. Die Zusammenarbeit wird zunächst die SocialHealth360-Lösung von Vantage implementieren, um die Patientennavigation zu verbessern und die sozialen Bestimmungsfaktoren für Gesundheit (SDoH) anzugehen. Es wird erwartet, dass die Plattform den Gesundheitsfachkräften wöchentlich 5-8 Stunden bei administrativen Aufgaben einspart, Burnout bei den Anbietern reduziert und die Patientenergebnisse verbessert, während die Kosten für die Versorgung gesenkt werden. Zukünftige Phasen werden sich auf die Implementierung von KI-Lösungen für wertbasierte Anwendungsfälle konzentrieren.

Positive
  • Platform expected to reduce administrative tasks by 5-8 hours per week per healthcare professional
  • Technology implementation aimed at reducing overall cost of care
  • Enhanced efficiency in patient care management through AI-enabled solutions
Negative
  • None.

Insights

This partnership marks a strategic move into AI-enabled healthcare optimization, but its immediate financial impact appears The SocialHealth360 implementation could yield operational efficiencies through 5-8 hours weekly time savings per healthcare professional, potentially reducing labor costs. However, the phased rollout and focus on administrative improvements suggest gradual rather than immediate revenue impact.

The platform's ability to address Social Determinants of Health (SDoH) could improve patient retention and treatment adherence, indirectly supporting revenue stability. For a company with a $17 million market cap, this technology investment represents a calculated step toward modernizing operations and preparing for value-based care models, though material financial benefits may take several quarters to materialize.

The operational implications of this partnership are significant for care delivery optimization. By integrating AI-driven insights for SDoH factors, AON can potentially reduce patient no-shows and improve treatment adherence - two critical metrics in oncology practice management. The workflow efficiency gains could translate to handling more patient cases without proportional staff increases.

The phased implementation approach, starting with patient navigation and care coordination, demonstrates a pragmatic strategy to establish foundational improvements before expanding to more complex value-based care applications. This systematic approach reduces implementation risks while allowing for operational adjustments based on early results.

FORT MYERS, FL, Oct. 29, 2024 (GLOBE NEWSWIRE) -- American Oncology Network (AON) (OTCQX: AONC), one of the fastest-growing oncology networks in the United States, has partnered with Vantage Health Technologies to enhance access to and delivery of exceptional cancer care. Vantage’s AI-enabled platform provides real-time health data for actionable insights and next-best-actions that can promote better patient experiences and outcomes, reduce provider burnout, and lower the cost of care. The platform also helps AON further enhance its Value-Based Care model in community oncology.

“We are pleased to collaborate with Vantage Health Technologies to further enhance our ability to provide exceptional, patient-first care in our community-based cancer clinics across the country,” said Alti Rahman, chief strategy and innovation officer of American Oncology Network. “Everyone benefits from Value-Based Care models powered by actionable data that offer providers a more holistic, real-time picture of their patients so they can meet them where they are and help them make better-informed decisions. Providers have the information they need to offer exceedingly personalized and effective care, patient experiences and outcomes are expected to improve, and the cost of care can be reduced for the entire ecosystem. This partnership will further our ability to provide an exceptionally high-quality experience for all.”

The first phase of the partnership will harness Vantage’s SocialHealth360 solution to enhance patient navigation and care coordination services, with an emphasis on addressing Social Determinants of Health (SDoH) for vulnerable patients. The World Health Organization cites research indicating that SDoH, such as housing, food security, transportation, and health literacy, significantly influence up to more than half of patient outcomes. Initial findings attributed to the use of SocialHealth360 found that it helped improve patient experience, treatment outcomes, and total cost of care among cancer patients. Additionally, health professionals using Vantage’s SocialHealth360 are expected to save up to five to eight hours per week on administrative tasks through workflow efficiencies, which decreases burnout and increases time they can spend helping patients. Subsequent phases of the partnership will focus on applying AI solutions to operationalize upstream and downstream Value-Based Care use-cases.

Vantage Health Technologies is part of BroadReach Group, a global healthcare social enterprise. “Healthcare globally faces shortages of providers, shrinking budgets and inadequate resources,” said Dr. John Sargent, co-founder of BroadReach Group. “We believe that technology can be a game changer for these healthcare challenges by automating and streamlining time-consuming processes, by assisting providers to manage patients more efficiently, and by empowering patients to more effectively self-manage aspects of their care. We have been proving this for the past decade in multiple countries across three continents. Our partnership with AON allows us to deploy this experience and expertise to community oncology to ensure better patient outcomes and experience, to reduce staff burnout and create pioneering approaches to value-based care.”

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About Vantage Health Technologies
Vantage Health Technologies, part of BroadReach Group, sees a world where access to good health enables people to flourish. BroadReach Group helps health organizations deliver better outcomes, improved resource efficiency, cost savings, enhanced organizational performance, and sustainable systems.

Vantage delivers innovative artificial intelligence (AI)-enabled solutions for healthcare organizations to get the most impact out of their resources and to transform how work gets done. Its solutions go beyond dashboards, empowering health professionals to make the best decisions and take the next-best-actions at the best time. Vantage believes that data alone cannot solve the world’s most complex health challenges; it also requires a deep understanding of the social, cultural, and economic context in which people live.

For more information, please visit Vantage Health Technologies or follow us on LinkedIn:
BroadReach Group; Vantage Health Technologies

About American Oncology Network
American Oncology Network (AON) (OTCQX: AONC) is an alliance of physicians and seasoned healthcare leaders partnering to ensure the long-term success and viability of community oncology and other specialties. Founded in 2018, AON’s rapidly expanding network represents more than 250 providers practicing across 21 states. AON pioneers innovative healthcare solutions through its physician-led model, fostering value-based care that improves patient outcomes while reducing costs and expanding access to quality care. AON equips its network physicians with the tools they need to thrive independently while providing comprehensive support, integrated revenue-diversifying ancillary services, and practice management expertise, enabling physicians to focus on what matters most – providing the highest standard of care for every patient. AON is committed to promoting health equity by addressing disparities in cancer care and ensuring that all patients have access to the care they need to achieve optimal health outcomes. With a focus on innovation and collaboration, AON is shaping the future of community oncology. For more information, please visit AONcology.com or follow us on LinkedIn, Facebook, X (formerly Twitter) and YouTube.

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FAQ

What is the purpose of AON's (AONC) partnership with Vantage Health Technologies in 2024?

The partnership aims to enhance cancer care delivery through an AI-enabled platform that provides real-time health data, improves patient outcomes, reduces provider burnout, and lowers care costs.

How will SocialHealth360 benefit AON (AONC) healthcare professionals?

SocialHealth360 is expected to save healthcare professionals 5-8 hours per week on administrative tasks, reducing burnout and increasing patient care time.

What is the first phase of AON's (AONC) partnership with Vantage Health Technologies?

The first phase will implement Vantage's SocialHealth360 solution to enhance patient navigation and care coordination services, focusing on Social Determinants of Health for vulnerable patients.

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