iSOFT Group Limited (ASX:ISF), one of the world's largest healthcare IT companies, has moved into the life science space with solutions that extract and de-identify clinical data from electronic medical records for clinical research and other secondary uses.
The move follows a co-marketing agreement with US-based CliniWorks for its AccelFind solutions. CliniWorks has developed the technology behind AccelFind, and provides it as a service, to extract medical knowledge from any type of data, including free text notes, discharge summaries or the structured data contained in electronic medical records and laboratory systems. With the new agreement, iSOFT will market AccelFind as part of its Life Science Solution "powered by CliniWorks" to hospitals and life science companies worldwide.
Meanwhile Cytolon, a Berlin-based enabling technology company for personalized medicine, will integrate the new tool with its platform CordMatch. CordMatch is a unique, web-based platform that integrates product search and matching-to-patient, logistics, billing and follow-up for the matching of stem cell products. The Life Sciences Solution, will also be integrated with CordMatch and provide a powerful tool allowing the secondary use of electronic health records, so offering a whole new world of possibilities for clinical development, adding value for pharmaceutical companies and permitting ultimately the improvement of therapy quality and fostering personalized medicine. Benefits generated from these projects will be shared between the companies.
Cytolon supports and participates in clinical research studies for the development of future applications of stem cell products derived from umbilical cord blood for a variety of diseases.
The iSOFT Life Sciences solution integrates with all standard hospital databases to extract clinical information and so promotes knowledge collaboration for highly efficient clinical research, outcomes tracking and management.
iSOFT's Director for Life Sciences, Dr Joerg Kraenzlein, said: "This is a tremendous opportunity to accelerate clinical research in a so far unprecedented way, and tap into new areas of treatment options and value propositions that have the potential to change the way we perform medicine and use healthcare IT today."
iSOFT's Chief Medical Officer, Dr Michael Dahlweid, added: "Life Sciences is a new strategic asset of iSOFT's solution portfolio with a huge growth potential and perfectly fits our Smart Solution approach, which provides instant value to existing and new customers."
Related news articles:
- iSOFT Group Limited's Profile
About iSOFT Group
iSOFT Group Limited (ASX: ISF) is the largest health information technology company listed on the Australian Securities Exchange, and among the world's biggest providers of advanced application solutions in modern healthcare economies.
iSOFT works with healthcare professionals to design and build software applications that answer all of the difficult questions posed by today’s healthcare delivery challenges. Our solutions act as a catalyst for change, supporting free exchange of critical information across diverse care settings and participating organizations.
Today, more than 13,000 provider organizations in over 40 countries use iSOFT's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of the market, and anticipation of our clients' evolving requirements. Our business is driven by the collective talent, experience and commitment of more than 3,500 specialists in 19 countries worldwide.
A global network of iSOFT subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result, we offer our clients comprehensive knowledge of local market requirements in terms of culture, language, working practices, regulation and organizational structure.