Details

Titel

IBM Invests in Modernizing Medicine to Accelerate Adoption of Watson Technologies in Healthcare

Ist Teil von

• M2 Presswire, 2015

Ort / Verlag

Coventry: Normans Media Ltd

Erscheinungsjahr

2015

Link zum Volltext

Beschreibungen/Notizen

• New York City and Boca Raton, Florida - To accelerate the adoption of Watson cognitive computing in healthcare, IBM (NYSE: IBM) today announced an investment in Modernizing Medicine, a provider of cloud-based, specialty-specific electronic medical records (EMR) systems and other technologies that capture structured data, track outcomes and deliver clinical decision support. This is the latest direct investment that IBM has made through its $100 million fund to seed Watson innovations. The investment caps $20 million in Series D funding secured by Modernizing Medicine, raising its overall funding total to $49 million. Modernizing Medicine is the creator of the Electronic Medical Assistant(R) (EMA(TM)), a specialty-specific EMR system, and provider of comprehensive specialty-specific billing, revenue and inventory management solutions. Over 5,000 healthcare providers in the U.S., including approximately 30 percent of dermatologists, use Modernizing Medicine's platform. According to the recent 2015 Black Book Market Research report, the company's EMA Dermatology(TM) solution ranked first overall in the dermatology space for the second consecutive year. "Modernizing Medicine is a great example of the breakthrough innovation we have seen from our partners who are building a new class of cognitive computing solutions powered by Watson," said Stephen Gold, vice president, IBM Watson. "IBM's investment will help speed the introduction of their schEMA app and demonstrates how Watson can be used by medical professionals to improve how they practice evidence-based medicine." "Today's announcement is an exciting milestone in our journey to deliver specialty-specific solutions to healthcare providers, including an entirely new class of cognitive-infused patient care apps powered by Watson," said Daniel Cane, co-founder and CEO, Modernizing Medicine. "After being selected to join the Watson Ecosystem last year, we're honored that IBM and our other investors are committed to our vision for schEMA and its ability to help physicians transform dermatology and other specialties."