Emerald Clinics on track with investments towards RWE data platform | ||
Friday, 1 May 2020 ()
Emerald Clinics Ltd (ASX:EMD) is on track with investments and estimates towards its data platform, having engaged Diamond Cyber to develop a best-in-class cybersecurity infrastructure and monitoring service during the March quarter. The healthcare technology company also partnered with Three Springs Technology - a leading artificial intelligence data science company - to develop automated integration, quality control and data analysis workflows to keep its clinical data assets secure. Emerald believes these partnerships enhance value of its Real-World Evidence while helping preserve patient privacy. The company had $5.08 million in cash as of March 31.*COVID-19 patient monitoring and triage system* In March, Emerald announced it had extended its RWE data platform to existing patients and to other health group and service providers to assist in managing patient interaction. Since the global outbreak of the COVID-19 virus, Emerald's business has remained stable despite social distancing restrictions being enforced across Australia. Emerald's patient count and referral numbers continue to grow thanks to a strong referral base and Emerald's telehealth capabilities. Its own patient appointments were fully moved to telehealth and that service was extended to integrate with remote patient health monitoring technology, patient medical records, medication management and other data gathering tools, to provide a much richer and more useful suite of information for suspected COVID-19 patients and their carers. An iteration of Emerald's RWE platform was also launched to help support the growing need to monitor patients diagnosed with COVID-19 and those required to self-isolate by improving the understanding of what symptoms, clinical signs and other clinical risk factors are most relevant to enable rapid patient triage and help reduce unnecessary strain on the health system. |