August 20, 2014 9:46 PM ET

Health Care Technology

Company Overview of Advanced ICU Care, Inc.

Company Overview

Advanced ICU Care, Inc. provides tele-ICU programs and consulting services that help hospitals to improve patient care and performance of their intensive care units (ICUs). Its tele-ICU programs combine 24/7 monitoring by experienced intensivist-led care teams; a telemedicine technology that interfaces into key hospital systems, analyses real time patient data, and connects care teams to the bedside through two-way video conferencing; structured workflows that focus on practice compliance; and various process improvement programs for evidence-based practices in the ICU to improve patient care and safety. The company also provides various consulting services to identify performance improvemen...

One CityPlace Drive

Suite 570

St. Louis, MO 63141

United States

Founded in 2004

Phone:

314-514-6000

Fax:

314-514-6020

Key Executives for Advanced ICU Care, Inc.

Chairman and Chief Executive Officer
Age: 56
Co-Founder and Vice President of Medical Affairs
Chief Financial Officer
Age: 47
Senior Vice President of Operations
Vice President of Business Development
Compensation as of Fiscal Year 2014.

Advanced ICU Care, Inc. Key Developments

Advanced ICU Care, Inc. Announces Executive Changes

Advanced ICU Care, Inc. announced the appointment of health care executive Lou Silverman to the position of Chairman of the Board and CEO. Silverman will leverage his more than 20 years of experience in C-level and Board-level leadership to help the company build upon its success in 55 contracted hospitals across 19 states as well as fuel company expansion. Silverman will focus on accelerating Advanced ICU Care's growth while sustaining and expanding upon the high level of quality and service the company delivers to its hospital partners and their patients. This will enable the company's team of nearly 200 clinical, management and technical professionals to continue to elevate the standards for ICU clinical excellence and outstanding care delivery. Before joining Advanced ICU Care, Silverman served for three years as CEO of Marina Medical Billing Service Inc. Silverman also spent more than seven years as Vice President of Operations/COO of CorVel Corporation. He now serves on the Board of Directors of several health care-related organizations, including Questcor Pharmaceuticals, Loving Care Agency, Inc. and LifeMap Sciences. With the appointment of Silverman, Advanced ICU Care founder Mary Jo Gorman, M.D., MBA will shift her focus to working more closely with the company's new and existing hospital partners, helping expand the utilization and impact of the company's telemedicine solutions. Dr. Gorman will also continue to represent the company as a pioneering telemedicine expert and frequent speaker at industry events.

Advanced ICU Care and the Medical University of South Carolina Announce New ICU Telemedicine Model

Advanced ICU Care and the Medical University of South Carolina (MUSC) have launched a first-of-its-kind telemedicine partnership, creating a new model of providing ICU care to patients in South Carolina. This partnership with the nation's larger tele-intensive care unit (ICU) provider was made possible in part by the state of South Carolina. The public-private partnership aims to provide the same standard of care for hospitals across South Carolina that is available in leading national hospitals, such as MUSC, by providing access via telemedicine to intensivist physicians, including 24/7 monitoring for the nation's most critical patients. The increased access to MUSC's nationally recognized quality, innovation and expertise will reduce transfers and improve patient outcomes, enabling patients to stay close to home and keep their healthcare local. Advanced ICU Care, the larger private provider of tele-ICU services, has a proven track record of reducing the number of patient transfers with its partner hospitals, which allows these hospitals to keep patients closer to their families and home. Programs based on the Advanced ICU Care model, on average, reduced mortality by 40%, increased patient growth by 17% and increased patient throughput by 25%, allowing hospitals to serve more patients without adding beds. Community hospitals maintain independence at the local level and stay connected to their local communities, with the support of remote, 24/7 patient monitoring and expertise. Advanced ICU Care and MUSC will begin offering tele-ICU services later this year.

Advanced ICU Care, Inc. Continues to Expand Tele-ICU Services to Hospitals Across the Country

Advanced ICU Care has announced new tele-ICU partnerships with several hospitals across the U.S., including one new systemwide agreement and partnership renewals with two current client hospitals. The company's continued growth demonstrates the increasing need for remote tele-ICU support as a result of a rapidly aging population and shortage of ICU intensivists and staff, among other key factors. With these new partnerships and renewals, Advanced ICU Care now reaches more than 500 hospital beds, which represents 33% growth over the past six months. Advanced ICU Care's growth includes a new systemwide agreement with SSM Health Care, headquartered in St. Louis, Mo., a new three-hospital relationship with St. Elizabeth Healthcare in northern Kentucky and extended contracts with ProHealth Care, a community-based health system in Waukesha, Wis.Advanced ICU Care provides each of its hospital clients with remote ICU patient monitoring services to ensure an extra layer of support for ICU intensivists and nurses. The company also works with hospital staff to implement its ICU Performance Solution(TM), a robust quality improvement program that helps enhance ICU clinical and operational outcomes and best practices.

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