MedQuist Becomes M*Modal | Healthcare Informatics Magazine | Health IT | Information Technology 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.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



Geisinger National Precision Health Hires Illumina Exec to Lead Business Development

Integrated health system Geisinger has hired a high-profile genetic counselor to head up business development for Geisinger National Precision Health, which was created to extend the Geisinger model on the national scene.

$30M VC Fund Launched to Spur Innovation in Cardiovascular Care

The American Heart Association, together with Philips and UPMC, has announced the launch of Cardeation Capital, a $30 million collaborative venture capital fund designed to spur healthcare innovation in heart disease and stroke care.

Epic Wins Labor Dispute in Closely Divided Supreme Court Decision

Epic Systems Corporation won a major labor-law ruling in the Supreme Court on Monday, centering around the extent of corporations’ right to force employees to sign arbitration agreements, and with a 5-4 ruling in its favor

Survey: Two-Thirds of Physician Practices Seeking Out Value-Based Care Consulting Firms

Most physician organizations are not prepared for the move to value-based care, and 95 percent CIOs of group practices and large clinics state they do not have the information technology or staff in-house needed to transform value-based care end-to-end, according to a recent Black Book Market Research.

Cumberland Consulting Buys LinkEHR, Provider of Epic Help Desk Services

Cumberland Consulting Group, a healthcare consulting and services firm, has acquired LinkEHR, which provides remote application support, including Epic help desk services.

Population Health Tool that Provides City-Level Data Expands to 500 Cities

A data visualization tool that helps city officials understand the health status of their population, called the City Health Dashboard, has now expanded to 500 of the largest cities in the U.S., enabling local leaders to identify and take action around the most pressing health needs in their cities and communities.