Press Releases

Netrics Introduces Data Matching Solution for Hospitals, RHIOs, and other Healthcare Providers

Innovative Solution Finds, Links, and De-duplicates Electronic Medical Records

PRINCETON, NJ, March 12, 2009 - Netrics, a technology innovator that makes imperfect data perfectly usable, today introduced Netrics for Healthcare. This industry-specific solution leverages the Netrics Matching Platform^TM which finds, links, and de-duplicates structured data with unprecedented accuracy empowering hospitals, RHIOs, and other healthcare providers to lower costs and improve the quality of service. Proven through installations in more than 75 hospitals, and from processing more than 100 million patient records, Netrics for Healthcare can improve the accuracy and productivity of virtually every business process that needs access to medical records.

Medical records are particularly tough -- in part because of the challenging environment in which they're recorded, and in part because the consequences of errors can be, literally, life and death.

When a patient walks into a medical institution, whether it's a hospital or a doctor's office, the critical need is to identify a context for the patient's visit ... What medications is the patient taking? Has he received previous treatments or lab tests here, or at other health care providers? What other conditions has the patient been treated for that might impact our treatment plan? Are there special medical conditions or allergies we need to take into account?

The good news is that this data is usually available. The bad news is that the data may be fragmented across multiple computer systems - even within the same hospital or IDN. Add the complexity of a regional network, and the sources could be dozens of different computer systems at different health care organizations. Even worse, minor inconsistencies within the data in each system can stymie conventional software's ability to find and match them.

Netrics for Healthcare enables three critical capabilities:

Find data that was previously "lost," because inconsistencies in the data and/or the queries defeat existing tools;

Link records within and across disparate data sources reliably, even when there are significant inconsistencies and differences between them;
Eliminate duplicate data which remains hidden due to errors and inconsistencies that prevent conventional software from identifying them.

"Everyone is being asked to do more with less today, and finding efficiencies by increasing automation is critical for health care providers," said Stefanos Damianakis, president and CEO, Netrics. "Netrics can improve the effectiveness of virtually every business process: admitting and clinical staff can be sure to find the right patient record, the first time, even if there are inconsistencies in the original record or in their query. Finance can match patients to billing records and payers more accurately than ever before. Purchasing can match invoices to purchase orders, and match purchasing requirements to suppliers. Netrics' technology uses patented mathematical modeling that mimics human perception of similarity. This enables automation of business processes that used to require manual intervention - saving money, increasing accuracy, and improving services."

About Netrics

Netrics brings a totally new approach to making structured data – of any kind – usable despite its imperfections. The problem isn’t with the data; it’s the inability to accurately match data. Netrics matches imperfect data in real-time despite inconsistencies, incompleteness, variations and errors. Decision-makers at all levels of the organization, from front-line personnel to C-level executives, get information they can trust. As an embeddable technology, Netrics works with virtually any database, data source or application to quickly, easily and automatically turn data into an organizational or business asset. See www.netrics.com for more information.

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