MedidaMetrics, Mayo Clinic Collaborate on Radiology Cost Analysis software

July 27, 2012 — MedidaMetrics Inc. announced a multifaceted agreement with Mayo Clinic, making Mayo’s radiology CareMaps available to other medical providers and conducting an ExactCost pilot in the radiology department. The agreement includes equity in MedidaMetrics for Mayo Clinic.

A CareMap represents multiple disciplines within healthcare and describes the steps or activities and decision points in the management of a specific condition or diagnosis. CareMaps can be customized to represent how and when services are delivered. They provide vital clinical practice support and serve as a continual work in progress to achieve best practice. Mayo’s CareMaps will enable heath care institutions to compare their practices against a best of breed example. 

MedidaMetrics offers comprehensive hospital, outpatient clinic and standalone center based ExactCost solutions ranging from departmental to whole enterprise. These solutions enable an institution to identify costs at both a line item and process level. Alternatives can be analyzed to determine the impact of new approaches. Actionable intelligence breathes new life into stale decision-making improving the efficiency and effectiveness of hospital administration and operation. It takes the “what” is happening to an understanding of “why” it is occurring.

The relationship with MedidaMetrics helps establish an improved foundation for critical decision making among healthcare institutions faced with the tough challenge of reducing its costs while maintaining or improving quality.

As part of the collaboration agreement, Mayo Clinic will receive equity in MedidaMetrics Inc. In addition, Mayo participated in MedidaMetrics Series B-1 financing.

For more information: www.MedidaMetrics.com

 


Related Content

News | Teleradiology

May 21, 2025 — Konica Minolta Healthcare Americas, Inc and NewVue have announced the introduction of Exa Teleradiology ...

Time May 21, 2025
arrow
News | Artificial Intelligence

May 15, 2025 – Royal Philips, a global leader in health technology, has released its 10th annual Future Health Index ...

Time May 19, 2025
arrow
News | Artificial Intelligence

May 14, 2025 – Bialogics Analytics Inc., a leader in radiology informatics, has introduced its new AI solution AI ...

Time May 16, 2025
arrow
News | Artificial Intelligence

May 6, 2025 — NewVue.ai, a leader in cloud-native radiology workflow orchestration, and MD.ai, a pioneer in AI-enhanced ...

Time May 06, 2025
arrow
News | SIIM

April 14, 2025 —The Society for Imaging Informatics in Medicine (SIIM) Annual Meeting is set to take place May 23 to 25 ...

Time April 14, 2025
arrow
News | Artificial Intelligence

Feb. 4, 2025 — Riverain Technologies recently announced it expanded across eight countries in 2024 and added nearly 50 ...

Time February 04, 2025
arrow
News | Artificial Intelligence

Dec. 12, 2024 — At RSNA 2024, Careverse officially made its debut, exhibiting in the AI Showcase area, sharing its ...

Time December 18, 2024
arrow
News | Artificial Intelligence

Dec. 17, 2024 — Radin Health, a provider of advanced radiology AI-Powered solutions, highlighted its All-in-One ...

Time December 18, 2024
arrow
Feature | Computed Tomography (CT) | By Melinda Taschetta-Millane

In the ever-evolving landscape of medical imaging, computed tomography (CT) stands out as a cornerstone technology ...

Time July 30, 2024
arrow
News | Breast Imaging

July 29, 2024 — iCAD, Inc., a global leader in clinically proven AI-powered cancer detection solutions, announced a ...

Time July 29, 2024
arrow
Subscribe Now