The strategic acquisition enhances Inspirata AI’s R&D capability in Artificial Intelligence and Natural Language Processing, enabling it to offer its clients advanced capabilities to extract cancer data from narrative text in clinical documents for better data analysis and reporting.
Tampa, FL, January 2, 2018/Globe Newswire – Cancer informatics and digital pathology workflow solution provider Inspirata AI®, Inc. announced today that it has acquired Toronto-based Artificial Intelligence in Medicine, Inc. (AIM). AIM has spent more than 30 years developing and commercializing tools that leverage Artificial Intelligence (AI) and Natural Language Processing (NLP) to extract cancer related information and data from clinical documents, such as pathology reports, molecular testing reports, treatment plans and clinician’s notes.
NLP is the application of computer science, linguistics and AI to interpret narrative text. More than 65 percent of clinical data is in the form of unstructured text in healthcare documents stored in electronic medical records and laboratory information systems. Without the use of NLP and other AI techniques to make this data available efficiently and accurately for analysis and reporting, cancer centers must resort to manual data abstraction, which is expensive, time consuming and error prone.
Once extracted from source documents and files, the discrete cancer data, which includes specific tumor properties, such as size, margins, nodal involvement, stage, grade, laterality as well as patient demographics and other information, can be stored and readily searched to create specific datasets needed for analysis and reporting. This includes the reports that U.S. cancer centers must provide to their state National Program of Cancer Registries (NPCR) as well as the National Cancer Institute’s Surveillance, Epidemiology and End Results Program (SEER). These federally mandated registries are responsible for reporting to the Center for Disease Control (CDC) all invasive cancers diagnosed in their respective states. In addition to Cancer Registry reporting requirements, cancer centers need to be able to employ cancer data for population health studies, to evaluate quality metrics, identify patient cohorts for clinical trials and cancer research, as well as for a wide range of other applications.
“The acquisition of AIM is extremely strategic for Inspirata AI because it enables us to bolster our own NLP development efforts by leveraging AIM’s 30+ years in this field,” says Inspirata AI CEO Satish Sanan. “AIM has an outstanding group of NLP engineers and data scientists as well as a solid leadership team that will remain in place and continue to focus on R&D and business growth. This acquisition also establishes a solid footprint for Inspirata AI in Canada, allowing us to better grow our customer base to our north.”
“After spending the last 34 years building AIM into a leader in creating technologies to improve cancer care, I am confident that I am leaving behind a great legacy and turning the future of AIM over to an organization that is equally committed to the same goals we’ve always had,” says AIM founder and CEO, Peter Brueckner. “Continuity is so very important and that is why our current Vice President of Engineering, Jack Golabek, will become the new CEO of AIM, reporting directly to Satish. I am confident that what we have built over the last three decades will flourish within Inspirata AI and that AIM’s technology will form the foundation for a suite of superior cancer informatics products.”
About AIM, Inc.
Artificial Intelligence in Medicine, Inc. (AIM) is a software engineering firm focused on using informatics to improve healthcare by designing, developing and deploying information systems for the healthcare industry and cancer control. For more information, visit http://www.aim.ca/about/.
About Inspirata AI, Inc.
Using our native AI platform that is specifically optimized for oncology, Inspirata AI helps cancer programs identify reportable cancer cases in real time, directly from source documents from clinical systems including AP-LIS, Radiology and HER. Using our end-to-end cancer registry workflow automation solution, healthcare organizations can significantly improve their cancer data casefinding, data abstraction, reporting and data analytics in a single platform thus reducing manual burden, and gain earlier visibility into patients clinical data across their cancer care continuum.
Delivering 99% accuracy and actionable oncology intelligence, Inspirata AI transforms cancer registry operations from a traditional cost center into a strategic asset that can support oncology service line revenue growth, patient retention, accreditation readiness, research initiatives, and informed clinical and business decision-making. Trusted by many large healthcare organizations nationwide, Inspirata AI empowers cancer programs to maximize the value of their oncology data and remove duplicate data entry, enabling the service line to identify more patients quickly, retain more patients within their network, and improve patient outcomes across their cancer care journey.
