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QPID Launches with $2M VC Backing

2013-02-14
NEWTONVILLE, MA, New health record intelligence platform developed within Massachusetts General Hospital and Partners HealthCare, QPID is backed by Matrix Partners, Partners Innovation Fund and Mass General Physicians Organization (MGPO).
QPID Inc. launched today, delivering a new health record intelligence platform and web-based applications that enable health care institutions and clinicians to gain better insights from any Electronic Health Record (EHR). Now, health care staff - including clinicians, physicians, PAs, nurses and even billing staff - can use QPID's intelligence engine that layers on top of any EHR to make the data more useful and actionable. Developed within Massachusetts General Hospital and Partners HealthCare, QPID is venture backed by Matrix Partners, Partners Innovation Fund and Mass General Physicians Organization (MGPO).

QPID addresses an industry wide pain point in health care in that entering and retrieving data from EHR systems is typically cumbersome and a detriment to productivity. The retrieval and integration of EHR data into clinical practice is very limited by their primitive search capabilities - which in turn can slow down not only revenue and performance, but clinicians' satisfaction in almost every department. (And, in some cases, patient safety.) EHRs capture patient data and history in a structured fashion that's unnatural to the way clinicians are used to documenting encounters (with narratives and notations). As a result, entering data into an EHR is more difficult and retrieval of such documentation out of the system is sometimes impossible and almost always frustrating. QPID solves those issues by making any EHR system more effective and the data within more useful, accessible and meaningful.

QPID was founded by doctors, for doctors, bringing a personal level of understanding to the pain points of health care workers. Co-founders Michael Zalis, MD and Mitch Harris, PhD, have been friends and colleagues for 30 years. Dr. Zalis, Chief Medical Officer, is a board certified Radiologist with extensive experience and expertise in abdominal imaging, interventional radiology, computer science and clinical research. He initiated and directed the QPID Informatics Group at MGH and is also an associate professor at Harvard Medical School. Mr. Harris, Chief Scientist and Technology Architect, was formerly a research scientist at Massachusetts General Hospital.

Leading the executive management team is Michael Doyle, CEO. Mr. Doyle brings an exemplary record of creating business value in investor backed, rapid-growth, public and private healthcare and technology companies, and was formerly CEO and Chairman of Medsphere Systems Corporation, the leading provider of open-source healthcare enterprise solutions that enable operational and financial improvement through clinical transformation.

Rick Toren, Chief Strategy Officer, also brings decades of health care experience to QPID. He was formerly Chairman & President of CodeRyte, Inc., an industry leader in clinical natural language processing (NLP) technology and computer-assisted coding solutions for healthcare outpatient providers, which was acquired by 3M in 2012.

Gary Zakon joins as CTO and Vice President of Engineering. Zakon is a software engineering leader, experienced at building engineering organizations and assuring product development success in both large company and startup environments. He's been an executive team manager developing software platforms in emerging markets for companies such as Novera Software and OpenPages. He was also previously CTO of ModelLogic, a technology strategy consultancy focused on cloud computing and SaaS initiatives.

"We're extremely excited to roll this proven technology out to academic medical centers, community hospitals and group practices outside of the Partners HealthCare network," said Mike Doyle, CEO. "When clinicians virally adopt software, you know it's providing value to them as practitioners. QPID enables them to retrieve critical information out of their EHRs that's meaningful and useful - saving time and allowing more informed clinical decisions."

About QPID Inc.

QPID is an intelligence system for EHRs - permitting creation of clinician-directed queries, analytics and reporting abilities in real time. The consequence is improved filtration and exception handling in health care workflow and its effect is akin to business intelligence, namely, activating stored data to reduce cost, improve revenue and quality of care delivery. QPID was founded by Dr. Michael Zalis and Mitch Harris, PhD, and developed within Massachusetts General Hospital and Partners HealthCare in Boston. QPID is venture backed by Matrix Partners, Partners Innovation Fund and Mass General Physicians Organization (MGPO).
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