UPMC Becomes Majority Partner, Investor in medCPU’s Real-Time Decision Support Solutions | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

UPMC Becomes Majority Partner, Investor in medCPU’s Real-Time Decision Support Solutions

February 29, 2016
by Heather Landi
| Reprints

Pittsburgh-based integrated health system UPMC announced it will become a majority partner and investor in New York City-based health IT vendor medCPU and will also become a customer of medCPU’s real-time clinical decision support solutions.

As part of the strategic partnership, UPMC will work with medCPU to co-develop additional products with the goal of improving patient outcomes, according to an announcement from UPMC.

UPMC will lead an investment round of $35 million in new capital to accelerate expansion of medCPU and has commenced a tender offer to purchase stock from existing non-employee medCPU shareholders and expects to hold majority ownership in the company when the offer is completed in the second quarter of this year.

medCPU develops and markets medCPU Advisor, a decision support solution that captures relevant patient information including free text, dictation, and structured data from electronic medical records (EMRs) and ancillary systems, in real-time, to enable the delivery of actionable insights at the point of care. The company currently serves more than 60 hospitals. As a result of the investment, medCPU will open an office in Pittsburgh and will hire more than 20 engineers to work with UPMC to co-develop new products and enhance existing solutions.

“Our partnership with medCPU will provide UPMC with technology and solutions that will be immediately valuable to our clinicians and patients. Longer term, this powerful technology will enable the development of other data-dependent applications in such critical areas as care management, population health and consumer engagement,” Tal Heppenstall, president of UPMC Enterprises, said in a statement. UPMC Enterprises is the commercialization arm of UPMC which led the investment.

According to UPMC, the technology overcomes many of the obstacles that currently make it difficult to aggregate and normalize information across siloed data systems. “medCPU’s solution makes it possible to combine rich, highly accurate information with extensive clinical best-practice content and services – resulting in reduced ‘alert fatigue’ and improved response rates, thus avoiding clinical errors and reducing costs,” UPMC said in a statement.

Sonia Ben-Yehuda, president and co-founder of medCPU, said, “Having access to the clinical, technological and operational expertise of one of the country’s leading integrated health care providers and insurance systems will enable medCPU to rapidly expand our current capabilities and leverage our technology to greatly impact an industry that is moving quickly to value-based care.”

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

Topics

News

Geisinger, AstraZeneca Partner on Asthma App Suite

Geisinger has partnered with pharmaceutical company AstraZeneca to create a suite of products that integrate into the electronic health record and engage asthma patients and their providers in co-managing the disease.

Analysis: Healthcare Ransomware Attacks Decline in First Half of 2018

In the first half of 2018, ransomware events in major healthcare data breaches diminished substantially compared to the same time period last year, as cyber attackers move on to more profitable activities, such as cryptojacking, according to a new report form cybersecurity firm Cryptonite.

Dignity Health, UCSF Health Partner to Improve the Digital Patient Experience

Dignity Health and UCSF Health are collaborating to develop a digital engagement platform that officials believe will provide information and access to patients when and where they need it as they navigate primary and preventive care, as well as more acute or specialty care.

Report: Digital Health VC Funding Surges to Record $4.9 Billion in 2018

Global venture capital funding for digital health companies in the first half of 2018 was 22 percent higher year-over-year (YoY) with a record $4.9 billion raised in 383 deals compared to the $4 billion in 359 deals in the same time period last year, according to Mercom Capital Group’s latest report.

ONC Roundup: Senior Leadership Changes Spark Questions

The Office of the National Coordinator for Health IT (ONC) has continued to experience changes within its upper leadership, leading some folks to again ponder what the health IT agency’s role will be moving forward.

Media Report: Walmart Hires Former Humana Executive to Run Health Unit

Reigniting speculation that Walmart and insurer Humana are exploring ways to forge a closer partnership, Walmart Inc. has hired a Humana veteran to run its health care business, according to a report from Bloomberg.