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Under the terms of this transition, Quantros will take full ownership of theMEDMARX program and all associated intellectual property. Quantros willcontinue to further and manage all aspects of the MEDMARX program includingoperations, support, application enhancement and sales and marketing as it hasdone for the past year. In addition, Quantros will work with the MEDMARXprogram to support public health knowledge concerning medication errors andADRs. The MEDMARX program will continue to be offered as a standaloneapplication or as an integrated offering with Quantros SRM. Quantros willcontinue to collaborate with USP to assist in their ongoing data standardsinitiatives based on the knowledge created from the MEDMARX program.
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Quantros continues to expand its presence in the patient safety arena. Withthe advent of Patient Safety Organizations (PSO), heightened consumer awarenessand sensitivity towards medical errors, and new reimbursement rules surroundingpreventable medical errors, the need for actionable, intelligent knowledge is ata premium. With the Quantros data repository expanding across safety, quality,compliance and financial performance data, there is a pressing need foraggregated views for making informed decisions on which interventions andactions will have the greatest benefit to a healthcare organization. TheMEDMARX data repository is a key component of this expanded presence andknowledge base.
"We appreciate USP entrusting Quantros with the MEDMARX program and forensuring its continued value is available to the healthcare industry," said Dr.Sanjaya Kumar, Quantros President and Chief Medical Officer. "Together, the twoorganizations have focused their combined efforts on delivering high valuemedication related clinical informatics solutions, assisting healthcareproviders in capturing key data and evaluating medication errors and ADRs. Thishas enabled healthcare professionals to determine the impact of medicationerrors, thereby improving their care delivery systems and processes."
According to Roger L. Williams, Executive Vice President and CEO, USP, "TheMEDMARX program has reached the level of development where there is greaterbenefit to public health for USP to transfer core activities of this program toQuantros, our strategic partner, who will bring the program to the next level ofeffectiveness and impact."
Today the MEDMARX program provides subscription-based users with access tothe world's largest anonymous and de-identified medication error and ADR recordsrepository. The MEDMARX database contains more than 1.5 million records and isincreasing at a rate of more than one percent month over month. To find outmore about gaining access to and utilizing the MEDMARX program, [email protected] or call 1-877-QUANTROS (782-6876).
About Quantros
Quantros provides real-time solutions for safety and risk management,outcomes and performance monitoring, accreditation and compliance, andsurveillance and decision support for leading healthcare providers throughoutthe nation. Quantros' web delivered applications provide a standard platformthat creates actionable knowledge that helps its clients save lives, improvequality, and conserve assets. Through a variety of direct sales and vendorpartners, more than 2,000 healthcare facilities use Quantros' web-basedtechnology solutions every day.
Quantros team members include physicians, nurses and healthcareprofessionals as well as an experienced team of information technologyspecialists. Visit Quantros on the web at http://www.quantros.com.
The Institute for Safe Medication Practices (ISMP)
The Institute for Safe Medication Practices is a nonprofit organizationrecognized worldwide as the premier education resource for understanding andpreventing medication errors. ISMP represents more than 30 years of experiencein helping keep patients safe, and continues to lead efforts to improve themedication use process. Working with health care practitioners andinstitutions, regulatory and accrediting agencies, consumers, professionalorganizations, the pharmaceutical industry, and others, ISMP also providestimely, accurate medication safety information to the healthcare community,policy makers, and the general public. For more information on ISMP, or to readmore about the 2004 ISMP Medication Safety Self Assessment for Hospitals, visitthe Institute's web site at http://www.ismp.org.
SOURCE Quantros
