Pertexa IQ is a Structured clinical data platform AI enabler optimizing clinical workflow & revenue, empowering health intelligence & value based care, and is interoperable with any electronic medical records system meaning no system replacement, just ease of use with better patient engagement and more profits.
With unusable "Legacy" systems, poorly designed user interfaces built for generating compliance reports, clinicians path to success in helping patients has slowed down, revenues dropped, and Clinicians have become 'Data Entry Clerks". The Mayo Clinic has given the electronic medical record (EMR) usability services an "F". Clinicians now rely on expensive scribes, and, or have to take work home to complete documentation/charting. Results have led to burnout, depression, loss of income, suicide.
Per Brown Undergraduate Journal of Public Health, "an increasing number of physicians and medical students report feeling stressed, burned out, depressed, or suicidal. At the end of 2021, "the American Medical Association (AMA) reported that nearly 63 percent of healthcare professionals reported symptoms of burnout and depression," and "according to the American College of Emergency Physicians, roughly 300 to 400 physicians die by suicide each year in the U.S., and more than half of physicians know a colleague who has considered, attempted, or died by suicide." This shouldn't be happening at any level, in any area of life. Interestingly, it is a growing problem in medicine which is to help people live life better.
Fact is these 'Legacy" systems were not architected to 'Capture' Digital Data and the concept of processing data in real-time was far from consideration during the rush towards building EMR systems, although other industries, such as finance, retail, supply chain, manufacturing were on cue.
The need for Real-time Structured Data has exploded with AI driving that appetite. 80%, or more, of healthcare is operating on unstructured data presenting FIVE main challenges to the health system, as a whole:
1. address these Legacy systems
2. improve efficiency, ROI without the cause of burnout, depression...
3. take advantage of new emerging technologies such as AI and move into the 21st Century
4. monetize the anonymized Digital Data within the legal frameworks and add revenue to its current operations
5. manage the cost and exponential rise in unstructured data
Pertexa IQ had been anticipating these issues and for legacy system maturity to take place. Many EMR vendors have consolidated, and switching between one system to another is not an easy option. It causes too much disruption and does not give the required ROI. Add in the ever diminishing returns between the EMR and denials by payers a different approach in very much needed.
Introduction to Pertexa IQ by Pertexa Healthtech:
Pertexa IQ addresses the global demand for real-time, structured healthcare data. Unlike other industries, healthcare significantly lags in real-time data analytics. Pertexa IQ’s proprietary ‘Touch Tap Talk Technology’ tackles this fundamental issue at its root, creating multiple opportunities and revenue streams (companies your firm represents fit right in for this data use).
For the first time, normalized real-time data at the point of care can be utilized without the need to parse or ‘scrub’ unstructured data, which often introduces noise and errors.
Key Benefits of Pertexa IQ Technology:
Structured Binary Healthcare Data: Enables immediate application of Artificial Intelligence (AI) and other technologies.
Enhanced Decision Making: Improves healthcare decision-making, reduces costs, and enhances Business Intelligence (BI).
Operational Efficiency: Improves workflow, enhances patient care, and automates mundane tasks such as documentation and coding, reducing daily time spent from hours to seconds daily.
Financial Accuracy: Achieves a 99.67% accuracy rate, meeting the highest Medicare Recovery Audit Contractor (RAC) auditable standards.
Market Opportunity:
According to Digital Health Investors, “With over 90% of doctors using EMRs and consumers using smartphones, the challenge is no longer building software or apps for individuals. The opportunity now lies in connecting those individuals and their systems to facilitate new and more efficient interactions. Healthcare is naturally suited for network effects and platforms due to the numerous disconnected constituents and data.”
Perfect Timing for Pertexa IQ:
Pertexa IQ is poised to become the overlay system for medical providers, enabling real-time patient data integration with any clinic’s existing EMR system. This integration ensures providers receive the payment levels they deserve, addressing compliance issues and reducing burnout from paperwork, lack of income. By processing documentation in real-time, providers can see more patients daily (if they choose) and nearly eliminate after-hours paperwork.
Investment Opportunity:
Pertexa Healthtech, based in Ridgecrest, CA, seeks $9 million over 12 months to integrate Pertexa IQ with existing EMR systems in a span of 18 months. This investment addresses a global need and promises significant revenue potential for clinics and investors. The structured data produced by Pertexa IQ will provide revolutionary access to real-time data for BIO research, therapeutics, and pharma, etc., driving next-level revenue to providers for this access. The level of anonymized data available from this platform is unprecedented.
The fact is that there is no EMR product in the marketplace today that is comparable to Pertexa IQ. Now is the time to complete this journey and bring to market. With your financial support we can get this done.
Best regards,
John Heverly
Business Development
Pertexa Healthtech