| [May 09, 2012] |
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M*Modal Debuts Cloud-Based Speech UnderstandingTM Platform With Extensive M*Modal 'Fluency' Family of Clinical Solutions
FRANKLIN, Tenn. --(Business Wire)--
M*Modal
(MModal Inc. - NASDAQ/GS: MODL), a leading provider of clinical
documentation services and Speech Understanding™ solutions, today
announced the launch of M*Modal Fluency™, a new family of clinical
solutions built on the Company's cloud-based healthcare Speech
Understanding platform. The Company also today introduced M*Modal
Fluency Direct™, which speech-enables EHRs and other clinical systems on
any workstation, anywhere in the enterprise to assist care providers
from every medical specialty in the creation of high-quality clinical
documentation. Providers can conversationally update patient narratives
while M*Modal Fluency Direct interprets and understands their statements
and populates EHR templates in a real-time, single process.
"At M*Modal, we've taken a unique approach to capturing the complete
patient story through the power of advanced Speech Understanding," said
Vern Davenport, Chairman and CEO, M*Modal. "We see the doctor's
narrative as a rich source of unstructured clinical data that can now be
easily created, explored and analyzed to enhance the quality of care in
the most efficient and meaningful ways, while improving internal
processes, such as reimbursement."
Benefitting from a decade of continuous advancements, this latest market
introduction furthers M*Modal's rich heritage of delivering speech
technologies, contextual understanding and workflow orchestration
technologies to the healthcare industry. The new line of M*Modal Fluency
clinical solutions has been built on M*Modal's proprietary cloud-based
Speech Understanding platform. The M*Modal Fluency family of solutions
was designed to orchestrate information-enabled dynamic workflows that
improve the quality, completeness and compliance of clinical
documentation. M*Modal Fluency Direct provides:
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Speech Understanding Capability: This capability
surpasses traditional speech recognition technology, by analyzing the
spoken word, understanding the intent and generating actionable data
that informs and drives workflow - all with unmatched accuracy in a
real-time, single process.
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Fully Integrated Enterprise-Class Technology: Whether relying
on mobile reporting, direct EHR speech enablement or simply back-end
transcription, providers enjoy a consistent, personalized experience
from any location. All M*Modal Fluency solutions rely on a single,
cohesive technology platform housed in the cloud.
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Out-of-the-Box Accuracy from Day One: There is no need to train
M*Modal Fluency. For the past eight years and 200,000 physician voices
later, the system has processed and analyzed huge quantities of data
to understand the spoken word and in what context it was spoken. It
understands each physician's accent, dialect, cadence and any
sub-specialty terminology right out of the gate.
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The Power of the Cloud: M*Modal Fluency allows providers to
access a reliable and secure platform anytime, anywhere, on any
workstation and provides IT departments with a streamlined deployment
model that is easy to maintain.
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Meaningful Use and ICD-10: M*Moal Fluency enables providers to
be more efficient at capturing patient information in their clinical
systems. This in turn drives adoption of EHRs and facilitates
compliance with incentive programs such as Meaningful Use, as well as
assisting with the transition to ICD-10.
The M*Modal Fluency family of speech understanding solutions includes:
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M*Modal Fluency Direct™: Integrates effortlessly with leading
EHRs and other clinical systems. Rather than typing, physicians simply
speak into their EHR. In a single step, their voice instantly
populates their system of choice.
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M*Modal Fluency for Transcription™: Offers a single
document management and workflow solution integrating the capture of
voice with speech recognition, editing and electronic signature tools.
Includes document distribution and EHR integration capabilities as
well as advanced reporting analytics for data-driven decisions in
support of workflow and quality improvements.
-
M*Modal Fluency for Imaging™: Redefines reporting by combining
three solutions into one comprehensive platform - Speech Understanding
technology with real-time prompts, unified worklists and departmental
business analytics - to measurably improve productivity, efficiency,
quality and patient outcomes.
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M*Modal Fluency for Coding™: Uniquely combines
computer-assisted coding, an embedded encoder and powerful workflow
management tools to instantly impact the bottom line and ease the
transition to ICD-10.
-
M*Modal Fluency for Practices™: Enables physician
practices to be compliant and productive with a cloud-based document
management platform, easy dictation, quality transcription and
seamless integration with EHRs and other clinical systems.
"M*Modal Fluency is plug-and-play. It's helpful to be able to just carry
the mic as opposed to carrying a big computer with you," said Daniel
Fischman, MD, MMM, Physician Champion for Clinical Informatics (News - Alert),
PinnacleHealth. "M*Modal is very precise regarding physician language.
It's geared towards the way physicians think and the way physicians
speak. When I want to capture a patient or physician conversation, I'm
now able to dictate complex or long conversations in a natural
conversational manner."
"Speech capability in the health care marketplace is exploding. However,
to be successful, speech must be accompanied by natural language
understanding," said Dave Garets, General Manager and Executive Director
of the Health Care IT research services, The Advisory Board Company.
"The solution in demand is a cloud technology platform that a physician
can leverage anywhere, anytime, with a unique voice profile that speeds
more granular clinical documentation and helps enrich the information in
the health care organization's EMR and business intelligence tools."
For more information on M*Modal and the M*Modal Fluency family of
products, please visit www.mmodal.com
or follow on Twitter (News - Alert) @MModal.
About M*Modal
M*Modal (NASDAQ/GS: MODL) is a leading provider of clinical
transcription services, clinical documentation workflow solutions,
advanced cloud-based Speech UnderstandingTM technology, and
advanced unstructured data analytics. Recognized as the largest clinical
transcription service in the U.S. with a global network of medical
editors, M*Modal also offers voice to text solutions to capture the
complete patient story, codifies the doctor's narrative to automatically
populate EHRs and other key healthcare information systems, delivers
computer-assisted coding to support ICD-9 and the transition to ICD-10,
and provides highly advanced analytical tools for exploring the richness
within the "unstructured" narrative for improvements in quality of care,
greater physician satisfaction and lower operational costs. For more
information, please visit www.mmodal.com,
Twitter, Facebook and YouTube (News - Alert).
Trademark Notice
M*Modal, Speech Understanding, M*Modal Fluency, M*Modal Fluency Direct,
M*Modal Fluency for Transcription, M*Modal Fluency for Imaging, M*Modal
Fluency for Coding, M*Modal Fluency for Practices and the Modal Man logo
are trademarks of MModal Inc. or its subsidiaries in the United States
and/or other countries.
Forward-Looking Statements
Information provided and statements contained in this press release
that are not purely historical, such as statements regarding our
expectations regarding our future business plans are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, Section 21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements only speak as of the date of this press release and the
Company assumes no obligation to update the information included in this
press release. Statements made in this press release that are
forward-looking in nature may involve risks and uncertainties.
Accordingly, readers are cautioned that any such forward-looking
statements are not guarantees of future performance and are subject to
certain risks, uncertainties and assumptions that are difficult to
predict, including, without limitation, specific factors discussed
herein and in other releases and public filings made by the Company
(including filings by the Company with the Securities and Exchange
Commission). Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable as of the
date made, expectations may prove to have been materially different from
the results expressed or implied by such forward-looking statements.
Unless otherwise required by law, the Company also disclaims any
obligation to update its view of any such risks or uncertainties or to
announce publicly the result of any revisions to the forward-looking
statements made in this press release.

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