• About
  • Privacy & Policy
  • Contact
Saturday, May 28, 2022
  • Login
MYTECHMAG-A Leading Technology Magazine
Project Finance & Project Financial Modelling Top Banner
Renewable Energy Power Purchase Agreements Top Banner
Energy Storage Top Banner
Data Driven Oil & Gas 2022 Top Banner
Cyber Defense Top Banner
Labware Top Banner
LNG Top Banner
OGAD Top Banner
Payments Summit Europe Top Banner
CCUS Top Banner
Digital Transformation Conference Top Banner
Qube Events NPF Top Banner
Exhivits The Virtual Exhibition Top Banner
  • Home
  • Technology
    • Supply Chain
    • Enterprise Security
    • Cloud Technology
    • RegTech
    • HPC
    • Collaboration
    • IOT
    • Compliance
    • Artificial Intelligence
    • Field Service
    • CRM
    • Project Management
    • Fintech
    • Risk Management
    • Cyber Security
    • Enterprise Architecture
    • EAM
    • ECM
    • Block Chain
    • Data Analytics
    • Robotics
    • Disaster Recovery
    • Marketing
  • Industry
    • Retail
    • Healthcare
    • Construction
    • Pharma
    • Education
    • Textile
    • Aerospace and Defense
    • Banking
    • Smart City
    • Oil and Gas
    • Telecom
    • Travel & Hospitality
    • Agri Tech
    • Media & Entertainment
    • Logistics
    • Manufacturing
    • Legal
    • Government
    • Real Estate
    • Automotive
    • Food and Beverage
    • Biotech
    • HR
    • Insurance
    • Energy and Utilities
    • Contact Center
    • Capital Market
    • Chemical
    • Sports
  • Solution Providers
    • Aerospace and Defense
    • Agri Tech
    • Artificial Intelligence
    • Automotive
    • Banking
    • Capital Market
    • Cloud Technology
    • Collaboration
    • Construction
    • Contact Center
    • CRM
    • Cyber Security
    • Data Analytics
    • Disaster Recovery
    • EAM
    • ECM
    • Energy and Utilities
    • Enterprise Architecture
    • Enterprise Security
    • Fintech
    • Government
    • Healthcare
    • Insurance
    • IOT
    • Legal
    • Logistics
    • Manufacturing
    • Marketing
    • Oil and Gas
    • Pharma
    • Retail
    • Risk Management
    • Smart City
    • Supply Chain
    • Top CEOs
  • Magazines EditionsMost Clicked
  • News
  • Featured Articles
  • Top CEOs
  • Events
No Result
View All Result
  • Home
  • Technology
    • Supply Chain
    • Enterprise Security
    • Cloud Technology
    • RegTech
    • HPC
    • Collaboration
    • IOT
    • Compliance
    • Artificial Intelligence
    • Field Service
    • CRM
    • Project Management
    • Fintech
    • Risk Management
    • Cyber Security
    • Enterprise Architecture
    • EAM
    • ECM
    • Block Chain
    • Data Analytics
    • Robotics
    • Disaster Recovery
    • Marketing
  • Industry
    • Retail
    • Healthcare
    • Construction
    • Pharma
    • Education
    • Textile
    • Aerospace and Defense
    • Banking
    • Smart City
    • Oil and Gas
    • Telecom
    • Travel & Hospitality
    • Agri Tech
    • Media & Entertainment
    • Logistics
    • Manufacturing
    • Legal
    • Government
    • Real Estate
    • Automotive
    • Food and Beverage
    • Biotech
    • HR
    • Insurance
    • Energy and Utilities
    • Contact Center
    • Capital Market
    • Chemical
    • Sports
  • Solution Providers
    • Aerospace and Defense
    • Agri Tech
    • Artificial Intelligence
    • Automotive
    • Banking
    • Capital Market
    • Cloud Technology
    • Collaboration
    • Construction
    • Contact Center
    • CRM
    • Cyber Security
    • Data Analytics
    • Disaster Recovery
    • EAM
    • ECM
    • Energy and Utilities
    • Enterprise Architecture
    • Enterprise Security
    • Fintech
    • Government
    • Healthcare
    • Insurance
    • IOT
    • Legal
    • Logistics
    • Manufacturing
    • Marketing
    • Oil and Gas
    • Pharma
    • Retail
    • Risk Management
    • Smart City
    • Supply Chain
    • Top CEOs
  • Magazines EditionsMost Clicked
  • News
  • Featured Articles
  • Top CEOs
  • Events
MYTECHMAG-A Leading Technology Magazine
No Result
View All Result
MYTECHMAG-A Leading Technology Magazine
No Result
View All Result
Home Healthcare Healthcare Solution Providers

Saving Lives Worldwide

admin by admin
March 5, 2020
in Healthcare Solution Providers
18
SHARES
70
VIEWS
Gidi Stein
Co-Founder and CEO

MedAware

“Every catastrophic error we identify is a patient saved”

MedAware was founded owing to a tragic event when a nine-year-old boy died solely because his primary care physician accidentally selected the wrong drug by error on his electronic prescribing pull-down list. This mistake was not owing to bad judgment on the side of the physician, but rather simple human transgression, that unfortunately proved to be fatal. With the knowledge that legacy decision-support solutions failed to save this boy, a seasoned crew of physician-scientists and machine learning algorithm, experts discovered MedAware to ensure the highest level of security for providers and their patients.

Every year, hundreds of thousands of Americans are injured or fatally crippled by adverse drug events (ADE) and erroneous prescriptions. MedAware’s medication surveillance technology recognizes ADEs and eradicates catastrophic medication mistakes by applying advanced machine-learning algorithms and outlier discovery mechanisms similar to fraud detection solutions in control by financial institutions worldwide.

By continuously mining data accumulated via millions of electronic health records, the software can correctly flag potentially life-threatening prescriptions that struggle with the profile of the patient, physician, or institution.  Besides, MedAware actively observes each patient to identify and warn of situations in which differences in a patient’s diagnostic results renders one of his/her active medicines a dangerous outlier. These difficult or nearly impossible to predict errors would otherwise go undetected by current rule-based answers.  The company’s unique, real-time approach to identifying ADEs and checking medication errors saves lives, improves patient safety and consequences, and significantly reduces avoidable risks and expenses.

MedAware’s platform recognizes and prevents medication-related errors and risks by applying exceptional machine learning algorithms and outlier detection mechanisms related to fraud detection solutions in use by financial institutions worldwide. By constantly analyzing and harnessing the practice models of thousands of physicians treating millions of patients around the world, the software accurately flags medications that conflict with the profile of the subject, physician, or institution.

MedAware’s patent-pending technology applies big data analytics and machine learning algorithms to analyze large scale data of electronic medical records, and determine automatically how physicians treat patients in real-life scenarios. Prescriptions generally deviating from standard treatment patterns are flagged as possible errors with high specificity and profound “alert fatigue.”

MedTech Innovator is the industry’s nonprofit global engagement and accelerator for medical tools, digital health, and diagnostic companies. The company’s mission is to improve the experiences of patients by accelerating the growth of businesses that are transforming the healthcare system. Medicine errors, where a patient has prescribed the wrong medication, are regrettably common. According to AHRQ, 5 percent of patients will encounter an antagonistic drug event, and roughly half of these are preventable ADEs that arise from prescription error. MedAware continuously monitors electronic health records to recognize these errors, which show up as outliers in the models of prescribing behavior.

“MedAware was purpose-built about our commitment to patient safety,” says CEO Gidi Stein. “Every catastrophic mistake we identify is a patient saved. Through this round of Series A funding, we will be able to create on the successes we’ve accomplished to date and scale our approach to protect physicians and their cases all over the world.” The company compares its approach to the algorithms banks apply to detect and prevent credit card fraud and identity theft. In both cases, immediately spotting an aberration in a design can safeguard against adverse outcomes before they occur.

The technology has already provided some encouraging efficacy data. In a study printed in January in the Journal of American Medical Informatics Association, researchers studied at five years of EHR-provided clinical data for 747,985 lives at the Brigham and Women’s Hospital and the Center for Patient Safety and Practice, plus retrospective data from Partners HealthCare BWH and Massachusetts General Hospital.

Share1Tweet5Share7
Previous Post

PropTech: How is It Affecting the Real Estate Market?

Next Post

Arm: Empowering IoT Innovation

admin

admin

Related Posts

Analytical Wizards Logo
Healthcare Solution Providers

A Revolutionary Vision For Healthcare Analytics

April 19, 2022
Aquity Logo
Healthcare Solution Providers

Improving the Quality of Care

October 18, 2021
Aspira Womens Health Logo
Healthcare Solution Providers

A Transformational Leader

September 30, 2021
Next Post
arm logo

Arm: Empowering IoT Innovation

Qube Events NPF Side Banner
Payments Summit Europe Side Banner
Energy Storage Side Banner
Cyber Defense Side Banner
OGAD Side Banner
CCUS Side Banner
LNG Side Banner
Renewable Energy Power Purchase Agreements Side Banner
Project Finance & Project Financial Modelling Side Banner
Exhivits The Virtual Exhibition Side Banner
Data Driven Oil & Gas 2022 Side Banner
Digital Transformation Conference Side Banner
Tweets by MyTechMag
Renewable Energy Power Purchase Agreements Side Banner
MYTECHMAG

Transforming news into insights, not only do we serve as a source of information but as the breeding ground for innovative ideas and exchange of breathtaking strategizes that can make a difference in your technological understanding.

Follow Us

  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Sitemap
  • News
  • Subscribe
  • Contact Us
  • RSS
  • Write For Us

Recent Posts

What is the Impact of Aerospace and Defense on the US Economy?

What is the Impact of Aerospace and Defense on the US Economy?

May 25, 2022
Stephen Kosslyn

Stephen Kosslyn Net Worth, Biography, Age, Career, Salary & More 

May 24, 2022
  • About
  • Privacy & Policy
  • Contact

© Copyright © 2022 MYTECHMAG. All Right Reserved.

No Result
View All Result
  • Home
  • Technology
  • Industry
  • Solution Providers
  • Magazines Editions
  • News
  • Featured Articles
  • Top CEOs
  • Events

© Copyright © 2022 MYTECHMAG. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In