IOMED raises 500.000 €. EASO Ventures led the round, in which the Austrian venture capital fund Pioneers Ventures also participated
Summary
Barcelona startup IOMED Medical Solutions, which applies artificial intelligence on clinical data to generate predictive algorithms, has closed a financing round of 500,000€. It is a technology able to understand in real time, based on natural language processing, the information that the doctor enters in the clinical record of each patient, related to diagnoses, symptoms, signs, findings or procedures. MEL extracts the clinically relevant concepts and stores them in a structured way in a database. In this way the hospital can advance to these events and improve their treatment of the patient, while generating operational efficiencies in their management. The massive reuse of data in the healthcare sector can mean an important advance in the management of health cost overruns, which can represent savings of up to 8% per year, as pointed out in the report presented by McKinsey Global Institute in 2011.
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