HealthContentAdvisors

Medical Research, Bloomberg-Style

• Posted May 2nd 2008
• by Janice

Many of you are probably familiar with the Bloomberg terminals that transformed the workflow for financial traders and analysts in the 1980’s.  The Bloomberg system integrates financial information feeds in a manner that allows analysts and traders to monitor real-time events in the context of historical trends-and to place trades.  Because of its value as a productivity and decision-support tool, Bloomberg has become an essential part of the daily routine for a large percentage of traders. 

At the Bio-IT World conference in Boston this week, Gary Kennedy, CEO of RemedyMD, said that his goal is become the Bloomberg for medical researchers, and the analogy is certainly apt for the relational database system that RemedyMD has developed with the Cleveland Clinic.  Their product, Investigate, is attempting the very difficult task of tying together many sources of data in a way that allows the researchers to clearly see interactions between drug data, medical literature, evidence-based decision tools and internal clinical data.

RemedyMD takes care of the laborious task of data management and provides a dashboard interface that facilitates analysis and collaboration. The goal: helping researchers spend more time on analysis and less time on data collection, conversion, and reporting.  This young company, started by ex-Oracle developers, clearly has larger ambitions, with its growing suite of applications for physicians, surgeons, and dieticians, as well as general office electronic health record (EHR) productivity tools. This is classic Infocommerce in action, and we’re putting RemedyMD on our Model of Excellence watch list. This is a company that bears watching…