PITTSBURGH, March 16, 2016 /PRNewswire/ -- According to theU.S. Department of Health and Human Services and U.S. Department of Labor, the number of people in nursing homes will likely double from 13 million in 2000 to 27 million in 2050. As the elderly population increases, it is even more critical that long-term care providers find cost-effective means of continual improvement.
Today, OnlyBoth launched its federal nursing-home benchmarking engine, which enables unbiased comparisons among 15,665 Medicare and Medicaid certified nursing homes across the country. Using federal Nursing Home Compare data, the new website highlights the power of benchmarking engines and the applications of automated writing. The engine delivers novel insights into the quality of care of nursing homes across 92 attributes, such as health status of residents, staffing incidents, health inspection scores, fines and overall rating. Access the OnlyBoth nursing-home benchmarking engine at https://public.onlyboth.com/app/nursing/home.
The benchmarking engine software massively searches for large, noteworthy peer groups to compare against each other based on relevant criteria. The engine is then able to synthesize 614,585 benchmarking insights and express them in perfect English paragraphs, creating nearly 100 million words from its automated writing technology. All insights are factual, based on the data, without subjective opinions or bias.
"Today's digital world generates more customer, product and competitive data than ever before, requiring businesses to perform powerful analysis to generate intelligent insights," said Raul Valdes-Perez, co-founder and CEO of OnlyBoth Inc. "The OnlyBoth nursing-home engine represents the most significant achievements in automated benchmarking in terms of language output to date, producing immediately applicable insights in hours on comparison scales that were not possible in the past. By using artificial intelligence technology to benchmark business processes, we are empowering organizations with persuasive, motivating insights that pinpoint what is going well and where improvement is sorely needed and is achievable."
The OnlyBoth nursing-home engine makes use of publicly available data from the Medicare.gov Nursing Home Compare Website. Its user-friendly interface mimics the typical search-engine experience.
OnlyBoth also recently launched two additional engines – a collegiate financial benchmarking engine and a hospital benchmarking engine. The financial engine enables unbiased comparisons among 1,899 private, post-secondary educational institutions across the United States, while the hospital engine provides unbiased comparisons among all 4,813 U.S. hospitals. Access the financial engine at http://financials.onlyboth.com and the hospital engine at http://hospitals.onlyboth.com
To learn more about all three of OnlyBoth's benchmarking applications, visit http://onlyboth.com.
About OnlyBoth OnlyBoth Inc. provides the industry's first commercial benchmarking engine, helping businesses offer comprehensive, automated benchmarking services to their end customers, based on their own solutions data. Founded in March 2014 by veteran entrepreneurs Raul Valdes-Perez and Andre Lessa, OnlyBoth combines machine discovery – algorithms that discover humanly-digestible knowledge – with natural language generation, making insights easy to read and share in perfect English. Business-services providers rely on OnlyBoth's breakthrough artificial intelligence to solve the usual flaws of benchmarking, such as narrow scope, bias, complexity, and scale, and uncover operational insights and areas for improvement. Learn more about OnlyBoth at http://onlyboth.com.