Skip to content Skip to navigation

MedQuist Becomes M*Modal

January 24, 2012
by Gabriel Perna
| Reprints

The Franklin, Tenn.-based MedQuist Holdings, a provider of integrated clinical documentation solutions, has announced the unification of the company's advanced speech and language understanding technologies, medical transcription, coding, HIM professional services, and analytics, under the name M*Modal. Shares of the Company's common stock will begin trading on the NASDAQ Global Select Market under the symbol "MODL" on Jan. 25, 2012.

In August of last year, MedQuist merged with M*Modal, who provided advanced Speech and Natural Language Understanding technology. The company has plans to expand the core transcription business, open new markets, significantly increase the sales force and development resources, as well as leverage its intellectual property portfolio.

The consolidation means M*Modal clients will have access to MedQuist’s end-to-end clinical documentation solutions that aim to help caregivers capture the patient's complete clinical story and extract meaningful information used to populate electronic health records (EHRs) and automate the data used to feed business processes such as coding, billing and revenue cycle management.

M*Modal brings to the table a cloud-based "Speech Understanding" technology that aims to allow physicians the ability to capture the patient's story anywhere, anytime using any electronic device, as well as Natural Language Understanding technology which converts the narrative into structured clinical documents that can be shared and integrated with existing workflows or EHRs.



ONC National Coordinator Gets Live Look at Carequality Data Exchange

Officials from Carequality have stated that there are now more than 150,000 clinicians across 11,000 clinics and 500 hospitals live on its network. These participants are also able to share health data records with one another, regardless of technology vendor.

American Red Cross, Teladoc to Provide Telehealth Services to Disaster Victims

The American Red Cross announced a partnership with Teladoc to deliver remote medical care to communities in the United States that are significantly affected by disasters.

Report: The Business of Cybercrime in Healthcare is Growing

While stolen financial data still has a higher market value than stolen medical records, as financial data can be monetized faster, there are indications that there is ongoing development of a market for stolen medical data, according to an Intel Security McAfee Labs report.

Phishing Attack at Baystate Health Potentially Exposes Data of 13K Patients

A phishing scam at Baystate Health in Springfield, Mass. has potentially exposed the personal data of 13,000 patients, according to a privacy statement from the patient care organization and a report from MassLive.

New Use Cases Driving Growth in Health Data Exchange through Direct

In an update, DirectTrust reported significant growth in Direct exchange of health information and the number of trusted Direct addressed enabled to share personal health information (PHI) in the third quarter of 2016.

Insurers to CBO: Consider Private Insurers’ Data in Evaluations of Telemedicine

Eleven private insurers, including Aetna, Humana and Anthem, are urging the Congressional Budget Office (CBO) to consider the experience of commercial insurers when evaluating the impact of telemedicine coverage in Medicare.