PITTSBURGH, Feb. 13, 2018 /PRNewswire/ -- OnlyBoth Inc., a provider of benchmarking insights that enhance understanding, transparency, and performance improvement, has launched a new, revolutionary benchmarking engine at https://www.benchmine.com. OnlyBoth delivers fully automated, comparative insights on nursing homes in straightforward English summaries, rich with context.
Until now, no benchmarking tool has allowed an in-depth comparison of U.S. nursing homes at the scale needed to drive improvement broadly in nursing care and patient outcomes. OnlyBoth replaces a cumbersome research process and enables a comprehensive picture of nursing home performance, with a level of transparency unprecedented in the industry.
OnlyBoth uses information from over 300 federal healthcare data attributes to deeply benchmark nursing homes across the country in an objective, repeatable way, without injecting opinion. Users can look up specific nursing homes, compare multiple facilities based on customizable parameters, or search across all nursing homes by characteristics, outcomes or other attributes. OnlyBoth offers one free insight on any nursing home and provides the service starting at $9 for fully evaluating a single nursing home, in order to make this affordable to anyone.
"The launch of OnlyBoth delivers detailed, factual insights with rich, supporting context to motivate nursing-home performance improvement across the U.S.," said CEO Raul Valdes-Perez. "Providing a broad, unbiased perspective in a statement format, our technology ensures the performance transparency needed to achieve this goal. OnlyBoth will change how benchmarking is perceived and utilized, first within nursing homes, then across the entire healthcare environment." Valdes-Perez plans to expand the disruptive technology throughout hospitals, home health, hospice, long-term care and dialysis facilities.
With the tagline "A sentence is worth 1,000 data®" OnlyBoth's unique technology completely re-thinks the benchmarking task, thus reporting insight types that could never be uncovered without software automation. The company's name derives from one such type: "Only so-and-so has both as much X and as much Y."
The new distinctive web product is powered by proprietary artificial intelligence algorithms, first developed under a National Science Foundation grant at Carnegie Mellon University in Pittsburgh. For every entry, or nursing home, in a dataset, the benchmarking engine—through exhaustive comparison—answers insightfully and in clear paragraphs the core questions: How is this entry doing? Where could it improve? What has changed? and What's best in class?
The answers report top-N behaviors—being in the top-12 or bottom-12—of a noteworthy peer group which the engine is tasked with uncovering, unbiased by simplistic assumptions, with rich datasets from the Center for Medicare & Medicaid Services' Nursing Home Compare. From deeper understanding to evaluation to monitoring and beyond, the technology offers valuable knowledge to nursing home executives and employees, owners, acquirers, consultants, marketers, payers and insurers, referring providers, inspectors, attorneys, and prospective patients and their families.
"OnlyBoth delivers unbiased reporting – not opinions or recommendations – in an easily accessible manner so decision-makers can get exactly what they need at their fingertips," said Valdes-Perez. You cannot carry out benchmarking at scale without software automation, just as you would not do information research without a search engine. The future of benchmarking is complete software automation based on a complete re-thinking."
Formed in late 2015, Pittsburgh-based OnlyBoth Inc. discovers comparative insights worth knowing and writes them up in perfect English, to enhance understanding, transparency, and performance improvement. Gartner named it one of 5 cool vendors in Analytics for 2016. All of its core technology has been designed and programmed in-house, after initial research at Carnegie Mellon University under a National Science Foundation grant. The company has trademarked "A sentence is worth 1,000 data.®" to express its belief that people are best informed and motivated by language, not by dots and dashboards. Co-founders CEO Raul Valdes-Perez and CTO Andre Lessa worked together at Vivisimo Inc. (acquired by IBM in 2012 and now part of Watson) on two different projects, including a key patent on Remix clustering. For more information, please visit https://www.benchmine.com and https://onlyboth.com.