New artificial technology could provide solutions to cost effective health care

Faros Healthcare LLC will be bringing patent-pending artificial technology and software to heath care providers in an exclusive license from IU Research and Technology Corp. The software, using machine learning, will recommend treatment plans for complex health conditions and study patient outcomes to suggest adjustments for intervention while also considering treatment costs. Faros President and Co-founder Jim Stefansic said in an IU press release the company is incredibly excited to bring this new technology to health care providers. “Faros provides a cloud-based platform that integrates with existing electronic health records and population health software to aid clinicians in achieving the best patient outcomes at an optimal cost,” Stefansic said in the release. “Moving both sides of the cost-of-care value equation is essential in transforming our health care system.” The technology…


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