CLEVELAND, June 19, 2014 /PRNewswire/ -- The Ohio Venture Association (OVA) is a consortium of Northeast Ohio organizations providing a progressive atmosphere for the exchange of ideas on innovation, new ventures and growth capital throughout the State of Ohio. COMS Interactive (COMS or Clinical Outcomes Management Solutions) received the 2014 Venture of the Year award at a special annual luncheon.
Previous Venture of the Year award winners include Orthohelix Surgical Designs (2013), Cleveland Heart Lab (2012), Turning Technologies (2011), PartsSource (2010), and Brulant (2009). Other finalists for the OVA 2014 award were Juventas Therapeutics and nChannel, Inc.
"COMS has enjoyed significant success in building the organization and the key to this success is a 'we is smarter than me' methodology," noted Edward J. Tromczynski, Chief Executive Officer, COMS Interactive. "This collaborative process includes the COMS staff, Investors and leaders in the post-acute care market."
COMS Interactive has developed into a national success story. The COMS flagship product, Daylight IQ™, a Software as a Service (SaaS) care management system of integrated clinical and management tools, monitors, manages and improves clinical outcomes in Skilled Nursing and Assisted Living facilities. Founded in 2009 from an innovative consulting firm, the company has transformed into a leading-edge software provider. Daylight IQ™ facilitates the reduction of unnecessary hospital readmissions by up to 50% and reduces premature mortality by over 60%, while also improving financial outcomes.
"As an independent investment banking firm, we work with and develop growth capital strategies for organizations throughout the country," noted Paul H. Carleton, Managing Partner, Carleton McKenna & Co. "COMS is a rare combination of clinical, technical and business aptitude yielding impressive results, making it an excellent choice for the OVA Venture of the Year Award."
COMS Interactive has Skilled Nursing facilities, Assisted Living facilities and Home Care customers in 44 states. Although staff members are employed throughout the country, the majority of the Executive team, Board members and employees are based in Ohio. The company maintains its headquarters in the Cleveland area. COMS original Investors include Carleton McKenna & Co., Next Sparc, Zapis Capital, and a host of progressive local Investors, all providing expertise to the organization. The company also secured $21M of growth and recapitalization capital from Summit Partners in 2013 to fund expansion, including an increase in staff and further penetration into adjacent markets.
About COMS Interactive, LLC
COMS Interactive, LLC, partners with 14 state health care associations in deploying processes and systems that stabilize and improve resident health while improving financial outcomes for Skilled Nursing facilities. The Daylight IQ™ Software as a Service (SaaS) product combines business administration, disease management and long-term healthcare knowledge to empower the nursing team, streamline the clinical process and increase facility revenues. This combination of clinical and technical processes can save millions of dollars a year in preventable hospital readmissions. Additional information regarding COMS Interactive and Daylight IQ™ is available at www.comsllc.com or by calling 330.650.9900.
The Ohio Venture Association is a group of northeast Ohio business men and women dedicated to providing an atmosphere conducive for the interchange of entrepreneurial ideas. OVA brings together from public, private, academic and government activities individuals interested in nurturing the development of new, young, small companies. The Association provides a scheduled forum for this interchange and to stimulate the interchange of ideas and information on activities of others related to entrepreneurial endeavors. Visit www.ohioventure.org or call 216.566.8884 for additional information on OVA.
SOURCE COMS Interactive, LLC