Fred Lizza- Enhancing Medical Communication for the Better

Statum Systems- Enhancing Medical Communication | Fred Lizza | The Entrepreneur Review

For years, systemized medical communication has faced increasing difficulties, but relatively few businesses have acknowledged this fact and begun to develop workable solutions. The Statum Systems team, led by Fred Lizza, is one of the select few that has discovered the ideal solution to this serious issue afflicting healthcare.

Statum Systems

A healthcare technology start-up called Statum Systems was created by members of the Boston medical community. Concerned about the fragmented state of medical communication systems in hospitals and healthcare facilities, particularly with regard to the continued use of traditional pagers and other specialised software and hardware that forces care team members to switch between various systems on a regular basis.

To solve the problem, Statum Systems developed StatumHEALTHtm, a platform for unified medical communications and collaboration (UCC), which streamlines care team members’ workflows with an emphasis on better patient care. Additionally, Statum Systems created an optional ID badge holder that can record pager signals and transmit them wirelessly to StatumHEALTH on the user’s smartphone. The StatumCONNECTtm gadget replaces conventional pagers without sacrificing the reach and dependability of communications sent via pager-frequency.

StatumHEALTH also gathers in-depth information on medical communications, analyses it, and looks for ways to enhance workflow, patient care, and financial performance. As StatumHEALTH collects more data and uses AI-based tools and predictive analytics on the data in next releases, the significance of this data-driven component of our service will increase.

Overcoming the Challenges

Initial market reaction to Statum Systems has been overwhelmingly positive. Everyone who sees their solution—doctors, surgeons, and other medical professionals—wants it. This is due to hospitals’ accumulation of numerous specialized and single-purpose communications systems over the past 20 years. They don’t communicate with one another, only cover one or two parts of patient care, and force care team members to switch between various systems.

The leadership group at Statum Systems is the ideal fusion of technologists and medical specialists. While our CEO, SVP of Corporate Development, and members of the Advisory Board have many years of expertise in starting and expanding technology-based businesses, several of our co-founders have extensive medical experience.

Since COVID has put a strain on hospital staff and made it clear that medical facilities need to upgrade their IT infrastructure. The medical UCC solutions will enforce HIPAA and security compliance, speed up bed turnover, decrease communication-based errors and delays, and streamline care team procedures. Medical communication infrastructure is changing from heterogeneous point solutions to integrated platforms, just like many other industries.

The Products and Services

StatumHEALTH’s competitive advantage comes from three distinct capabilities that the above-listed competitors cannot match: 

  •  Delivery of low-frequency broadcast pager messages directly to the smartphone 
  • A patient-centric architecture 
  • An enterprise scale unified medical messaging and collaboration platform – not a single purpose messaging system.   

The Service Directory

Low-Frequency Pager Messages Directly To Smartphone

Low-frequency bandwidths are used by pager service providers to transmit their pager messages, which offers a wider audience, more coverage, and improved reliability. Because of this, pagers are still used by more than 80% of US hospitals. This allows for the fast receipt of important messages even in locations like radiology suites where WiFi, 5G, and cellular signals are not always reliable. Statum Systems offers a variety of communication channels, such as direct pager message reception using StatumCONNECT, to ensure reliable message receipt without sacrificing efficiency.

Patient-centric Architecture

Since many of Statum’s founders have backgrounds in medicine, the team constructed their architecture from the ground up with patient-centered communications in mind. Their “patient sessions” feature offers a place for synchronous and asynchronous dialogue among healthcare professionals.

Competitive solutions do not enable a patient-centric mode of communication that enables all members of the patient’s care team to instantly gain knowledge of patient interactions and data. Competitors, on the other hand, rely on traditional peer-to-peer connections, which create compartmentalized conversations and demand repetition from those excluded.

Statum Systems makes it easier to communicate effectively and creates a natural centre for the collecting of communications data, which offers insights never previously seen by hospital administrators or executives.

Enterprise UCC

According to Statum Systems, the healthcare IT market is entering a cycle where these various solutions will be progressively but consistently replaced by a unified medical communications and collaboration system after years of investment in constrained, single-purpose medical communications systems. The transition to UCCs will make it easier for team members to learn and onboard, streamline workflows, and increase communications, all of which will lead to better and more efficient patient care, quicker bed turnover, and fewer mistakes. This is in line with cycles in other ageing markets where specialized systems were phased out in favor of integrated platforms and suites.

Fred Lizza- Leading the Way

Fred is, to put it mildly, a serial CEO. He has served as CEO of six different software-based technology companies in the past. Typically, Fred is introduced to an organisation by the investors or business owners, either early in the business’ life cycle to start and scale the venture or later to reposition the enterprise to better realise its potential.

Fred has created businesses and guided them through their initial public offers (IPO) and secondary public offerings. He has also successfully led a number of firms to exits by acquisition. In the markets for AI, ERP, eCommerce, and supply chain, he has introduced innovative products.

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