– USA, TN – Faros Healthcare, a rapidly growing provider of artificial intelligence (AI) and data analytics solutions, today announced that it has named healthcare thought leader David E. Young, MBA, as Chairman of the Board. Healthcare providers use the Faros real-time, predictive analytics platform for complex health treatments, accessing the AI tools to help determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient. Faros’ groundbreaking technology has increased outcomes by 40% while decreasing cost by 40%.
“David Young is a proven leader in the use of technology to deliver healthcare in a variety of settings. His expertise and guidance will be invaluable as Faros delivers our solutions to an increasing number of healthcare organizations,” said Jim Stefansic, PhD, MBA, President and Chief Executive Officer of Faros.
A seasoned healthcare leader, entrepreneur and educator, Mr. Young has more than three decades of experience in large and small organizations, as well as in developing many startup companies. His background includes telemedicine initiatives in Autism, child and adolescent behavioral care, as well as the corrections and long-term care fields. Most recently President and Chief Operating Officer of MindCare Solutions, Young has served in roles including CEO of the largest behavioral health authority in the state of Texas and Assistant Professor Health Services Administration at the University of Texas Southwestern Medical Center. Mr. Young received his MBA from the University of Dallas and bachelor’s degree from Samford University.
“I am honored to be elected to Chair the Board of Directors of Faros Healthcare. Faros’ artificial intelligence software brings clear direction to healthcare entities as they seek to contain costs while ensuring quality of care is maintained,” said Young. “I have seen and employed various technologies used in healthcare to improve care, but I am convinced the use of artificial intelligence will create a sea of change in care delivery, and I am delighted to be part of that change.”
Faros’ customers include healthcare providers engaged in risk-based contracts, such as accountable care organizations (ACOs) and providers in gainsharing agreements that require advanced algorithms to deliver actionable results that address specific problems. In particular, Faros is focused on care beyond the clinic through case management, since healthcare organizations must closely monitor and improve health on an ongoing basis for complex conditions such as behavioral health.
About Faros Healthcare
Providers use the Faros Healthcare real-time, predictive analytics platform for complex health treatments, accessing the artificial intelligence (AI) tools to help determine the clinical treatment path that will deliver the best outcome at the optimum cost for a specific patient. The company’s groundbreaking technology has increased outcomes by 40% while decreasing cost by 40%. Faros’ solutions are ideal for those engaged in risk-based contracts, including accountable care organizations (ACOs) and providers in gainsharing agreements that require advanced algorithms to deliver actionable results that address specific problems.
For more information about Faros, visit www.farosheath.com.
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