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M*Modal Wins Award for Most Innovative Healthcare IT Technology : Transformational Solution Accelerates Adoption of Electronic Health Records

PITTSBURGH (Business Wire EON) May 13, 2008 -- Pittsburgh-based M*Modal' received the ABBY Award from the Adaptive Business Leaders Organization (ABL) which recognized AnyModalTM CDS (Conversational Documentation Services) as the year's best "Innovations in Healthcare Information Technology." AnyModal CDS provides a unique way to capture physician dictation and transform it automatically into meaningful clinical documentation. The company's solution helps accelerate the adoption of the electronic health record (EHR) by cost effectively bridging the gap between free-form dictation and structured data entry.

"The Healthcare CEO judges in the audience confirmed that M*Modal was the most transformational new healthcare IT they'd seen this year ? following a search that spanned the country," noted ABL's President, Mimi Grant, following the Awards ceremony. "The company's technology understands the context of "words" recorded in dictation, captures their medical "meaning" and transfers it automatically into accessible, electronic medical records. This is nothing short of amazing." Grant added: "And what's particularly impressive is that Michael Finke, the founder and CEO of M*Modal, has a technology background, proving once again that the biggest breakthroughs to healthcare's toughest problems frequently come from innovators outside the industry." The awards ceremony was held in Costa Mesa, CA on April 23.

Acquisition of data directly from clinicians remains one of the largest obstacles to EHR adoption and information sharing. Low EHR utilization by physicians is caused in part by the difficulty of capturing data in structured form without changing their normal routine. The AnyModal CDS solution delivers higher quality, structured clinical documents directly from physician dictation within the existing workflow. This technology is a fast, easy way to document clinical notes, making physicians more efficient and reducing associated costs substantially at every step of documentation process.

M*Modal's speech understanding technology has been fully embraced since its introduction. AnyModal CDS is now incorporated into the information delivery systems' of numerous partners including leading players within the dictation, transcription, PACS/RIS and EHR industry such as GE Healthcare, Transcend, Spheris, PreCyse, CBay, SPI, Heartland Information Services and Transolutions, among others. One example of how this solution is being used can be seen through GE Healthcare's integration of speech understanding to make structured and encoded data an integral part of the radiology workflow. "With M*Modal's advanced speech understanding capability embedded in GE Healthcare's Radiology Information System, Centricity RIS-IC, we have a winning combination for both companies - but most of all, for physicians and their patients," said Don Woodlock, Vice President and General Manager, GE Healthcare IT.

Mr. Finke, CEO of M*Modal added, "Our philosophy has always been to provide solutions that are adaptive to any system, inclusive of our partners and synergistic with the goals of the EHR. We like to think that it was not just our company that won an honor, but that the entire healthcare system will gain from our technology's recognition," he concluded.

To drive the value of structured data based on narrative, M*Modal became a founding member of the Clinical Document Architecture for Clinical Document Types (CDA 4 CDT) initiative, which supports standardization for medical information exchange, and will establish standard ways of identifying and organizing discrete clinical data. This enables physicians and other clinicians to quickly and easily locate and retrieve clinical information inside electronic patient records. Explains Mr. Finke: "Our company's goals and those of the CDA4CDT effort are perfectly aligned. The realty is that if a medical report is pure-text, it's meaningless in terms of usability within the EHR. Without standardization, information cannot be shared. Together, healthcare providers become more efficient and patient care is improved ? paying off the ultimate EHR vision."

Documents generated with AnyModal CDS are in a semantically interoperable HL7 CDA format to allow for streamlined report sharing among practitioners, facilities, and systems. Its ease of deployment enables small institutions, as well as large hospitals, to gain the benefits of increased productivity and control through more accurate, more timely, and more-complete documents.

About M*Modal

M*Modal, based in Pittsburgh, PA, offers on-demand conversational documentation services that help healthcare providers capture discrete clinical information from dictation to generate accurate, complete and timely electronic medical records. The company's unique speech recognition and understanding technology platform, AnyModal CDS, is a vital tool that empowers physicians to capture clinical facts and orders from dictation without requiring any change in their normal dictation routine. M*Modal's focus is on providing hospitals, healthcare IT vendors, and medical transcription service providers with the industry's most comprehensive yet most adaptable solution for creating highly accurate, structured, encoded, and shareable medical documents to increase patient safety, promote continuity of patient care, and reduce cost. M*Modal has a transaction volume of more than 100 million dictation minutes a year with the average monthly volume on the rise. For more information on M*Modal, visit its Web site at: www.mmodal.com

About the Adaptive Business Leaders (ABL) Organization:

Celebrating its 25th anniversary year, the Adaptive Business Leaders (ABL) Organization's mission is to help health and technology leaders grow great companies. ABL does this through its monthly, industry-specific Round Tables and frequent Events. In their confidential Round Tables, ABL Members - who are CEOs, Presidents, COOs and Division General Managers - openly seek from and share with each other candid advice, best practices and innovative approaches for capitalizing on market trends and opportunities, in order to assure they are well positioned for business and personal success.

For 10 years, ABL's ABBY Awards have recognized organizations which have demonstrated transformative advances in medical devices, diagnostics, therapeutics, information technology and innovative approaches to providing health and coverage, decreasing the numbers of uninsured, and engaging consumers more actively in their healthcare and well-being, all of which reduces the cost of providing healthcare.

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