QPID Raises $4M to Analyze Health-Records Data

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QPID Inc. raised $4 million to search and analyze data in electronic health records, which are likely to be widely adopted given the federal governments push to digitize medical records by 2015, the companys chief executive told VentureWire. About 70% of the data in health records is unstructured, according to CEO Mike Doyle, meaning its entered as transcribed doctors notes or freeform text, and QPID makes it instantly available to medical professionals who need it for diagnoses and treatments.

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