Stocastic

StoCastic, originating from research at Johns Hopkins Medicine, operates in the healthcare technology sector, focusing on clinical decision support. The company was established in 2017 by Dr. Scott Levin, an associate professor of emergency medicine at the Johns Hopkins School of Medicine, and Eric Hamrock, who was a healthcare administrator at Howard County General Hospital. The founders' backgrounds merge clinical experience with analytics, a combination that forms the foundation of the company's offerings. Dr. Levin’s research in systems engineering is centered on enhancing the efficiency and safety of healthcare delivery, while Hamrock provided the administrative and analytics perspective.

The company's core business revolves around providing real-time, predictive analytic solutions that integrate directly into a hospital's electronic health record (EHR) system. Its primary clients are hospital emergency departments (EDs). StoCastic's flagship product, TriageGo, utilizes artificial intelligence to support ED nurses and clinicians. By analyzing patient data from the EHR in conjunction with real-time vital signs, the tool predicts the risk of acute outcomes and recommends a triage level. This aims to improve patient flow and reduce decision-making times, with reported decreases in door-to-ICU times of 40-80 minutes and door-to-clinical decision times by 20-30 minutes. The business model is centered on deploying these specialized software solutions within hospital workflows to enhance operational efficiency and patient safety.

A significant milestone in the company's history was its participation in the 2020 StarTUp Accelerator cohort at Towson University, which provided mentorship and resources that helped the company grow. StoCastic also received funding from the National Science Foundation through the Small Business Innovation Research (SBIR) program. In October 2022, the company was acquired by Beckman Coulter Diagnostics, a global clinical diagnostics company. This acquisition integrated StoCastic's team and its TriageGo tool into Beckman Coulter's broader portfolio of clinical decision support solutions, aiming to combine StoCastic's AI capabilities with Beckman Coulter's diagnostic biomarker technologies. The entire 11-person team from StoCastic transitioned to employment with Beckman Coulter following the acquisition.

Keywords: clinical decision support, healthcare analytics, emergency department, patient triage, electronic health record, EHR integration, predictive analytics, artificial intelligence in healthcare, hospital workflow optimization, patient flow management, Johns Hopkins, TriageGo, Beckman Coulter, medical decision-making, patient safety, hospital administration, operations research, health data science, Scott Levin, Eric Hamrock