Every doctor-patient visit creates unstructured data (such as dictated notes and other docs), but because the data is unstructured, execs have been severely limited in their ability to access real context. M*Modal Catalyst is a new product to help make use of unstructured data which to date has been difficult to incorporate.
From the website:
“With M*Modal Catalyst, hospitals, physician practices and managed service organizations can, for the first time, quickly retrieve and assess this gold mine of information in their unstructured data, and make it immediately useable, actionable and shareable with providers across the organization. It enables a more complete understanding of patient information so you can work smarter, optimize organizational performance and promote higher quality care.”
M*Model has several other divisions and solutions as shown below.
The company also works with EHR companies for integration of some of their software products.
MModal with their speech recognition seems to be about the only competitor with Nuance as far as I have seen. Their product works in the cloud with recognizing key words and other relative bits of information in patient narrative unstructured data. it will be interesting to hear some feedback on how this works as well. BD
Franklin, TN – June 12, 2012 – M*Modal (MModal Inc. – NASDAQ/GS: MODL), a leading provider of clinical documentation services and Speech Understanding™ solutions, announced today the M*Modal Catalyst™ family of cloud-based applications, enabling healthcare decision-makers to extract actionable information from “unstructured” medical documentation, regardless of how that data was created, and combine it with structured data contained in electronic clinical systems. This new suite of solutions is designed to make full use of the untapped meaning contained within clinical documentation to improve the quality of patient care and better inform financial practices. Also announced today are the first two applications in the M*Modal Catalyst suite, M*Modal Catalyst for Quality™ and M*Modal Catalyst for Radiology™, built on the Company’s proprietary cloud-based Speech Understanding™ platform.
“M*Modal Catalyst uniquely positions us to assist providers in immediately revealing and extracting meaningful, actionable data from narrative text,” said Vern Davenport, chairman and CEO, M*Modal. “Every day, healthcare professionals are faced with clinical, financial and quality-related decision-making. The right decisions would be more apparent if all medical documentation could be accurately assessed based on the true meaning embedded in the clinical narrative.”
The majority of a healthcare organization’s data is captured in a traditional narrative or unstructured form, including dictated notes from the doctor-patient encounter and other sources. Until now, healthcare organizations have been severely limited in their ability to access, beyond searching for keywords, the real context and meaning behind a physician’s observations. This has hindered organizational efforts to uncover medical findings for more accurate reimbursements and improvements at the point of care. With M*Modal Catalyst, hospitals, physician practices and managed service organizations can, for the first time, quickly retrieve and assess this gold mine of information in their unstructured data, and make it immediately useable, actionable and shareable with providers across the organization.
“M*Modal Catalyst allows us an unparalleled level of visibility. It actually bridges the gap between structured data and language, and lets us mine the data hidden within the language," said Stephen Willis, chief information officer, Canopy Partners. “We're able to turn a static, text document into an actual living document so we can measure against the quality measures that our best practice operating committee has determined are most meaningful.”
M*Modal Catalyst offers customers:
· Visibility and understanding of key clinical concepts often lost in traditional documentation, such as patient fall risk factors, dietary practices and causes of events (e.g. collapsed lung due to medical procedure complications).
· Delivery via the cloud, allowing for greater flexibility and scalability to the whole enterprise, along with greater ease of use and access anywhere, anytime, on any PC/workstation.
· Speech recognition and natural language processing in one, single contiguous process, offering greater understanding and enhanced collaborative intelligence through tools for data annotation, feedback, and sharing.
· An open solution in which all medical documents, regardless of vendor, can be searched and utilized allowing for question-answering of both narrative and structured data sources.
· Content plus context; critically important capabilities since keyword searches are extremely limiting and potentially inaccurate if not applied in context, as no two physicians speak in the exact words in the exact order.
· Support of a broad spectrum of standard medical vocabularies such as SNOMED-CT, LOINC and RxNORM for seamless interoperability with other systems in order to deliver unprecedented clarity and insights.
· The only infrastructure for cost-effective, large-scale deployment of natural language understanding applications.
· Applications pre-packaged to address specific needs for improving clinical or financial processes, such as CDI, PQRS, patient safety, Meaningful Use, critical findings, and other quality and radiology-specific reporting requirements.
M*Modal Catalyst for Quality helps healthcare executives, administrators and physicians drive actions that improve documentation quality and assists the organization in achieving Meaningful Use compliance. M*Modal Catalyst for Radiology allows radiology organizations or departments to identify clinical information within radiology documents to drive compliance and quality. More applications within the M*Modal Catalyst product family are expected to be announced in the coming months.
Last month M*Modal announced its M*Modal Fluency™ family of clinical solutions to enable healthcare organizations to electronically capture patient stories for reimbursement via its Speech Understanding™ technology. M*Modal Catalyst then drives intelligence from this information, as well as from other medical documents. This previously static information is now useable and shareable to fully inform medical actions by presenting information to physicians and other stakeholders in the right context and at the right time.
M*Modal (NASDAQ/GS: MODL) is a leading provider of clinical transcription services, clinical documentation workflow solutions, advanced cloud-based Speech UnderstandingTM technology and unstructured data analytics. Recognized as the largest clinical transcription service in the U.S. with a global network of medical editors, M*Modal also offers voice to text solutions to capture the complete patient story, codifies the doctor's narrative to automatically populate EHRs and other key healthcare information systems, delivers computer-assisted coding to support ICD-9 and the transition to ICD-10, and provides highly advanced analytical tools for exploring the richness within the “unstructured” narrative for improvements in quality of care, greater physician satisfaction and lower operational costs. For more information, please visit www.mmodal.com, Twitter, Facebook and YouTube.