Oxford University spin-out Navenio has announced £9m in Series A funding for its efficiency-boosting location technology. The funding round was led by QBN Capital and includes G.K. Goh, Hostplus, Big Pi Ventures, Oxford Investment Consultants, as well as existing investors like Oxford Sciences Innovation (OSI), IP Group plc and the University of Oxford. Navenio provides infrastructure-free indoor location solutions to power a range of apps and platforms in sectors including healthcare. Hospitals, for example, can use Navenio's artificial intelligence (AI) led'intelligent workforce solution' to assign tasks to healthcare teams based on their location. This helps prioritise workload in real-time.

Reductions in patient length of stay have been shown to reduce costs and improve outcomes. There are a number of ways for hospitals and health systems to reduce length of stay, the majority of which are time-intensive and center on restructuring existing operations. To help bolster and streamline efforts to reduce length of stay, systems such as New York City-based NewYork-Presbyterian have turned to artificial intelligence technology from Qventus to automate care coordination, which not only improves efficiency but also eases the administrative burden on hospital staff. During an Aug. 6 webinar hosted by Becker's Hospital Review and sponsored by Qventus, Courtney Vose, DNP, MBA, RN, APRN, NEA-BC, vice president and chief nursing officer of NewYork-Presbyterian, and Ryan Starks, MBA, senior product marketing manager at Qventus, discussed how NewYork-Presbyterian deployed the Qventus platform and the three most important lessons the health system learned in the process. Systems like Qventus' may be high-tech, but traditional leadership roles are still necessary in order to glean the most benefit from these platforms and drive actual change, according to Mr. Starks.