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Satori Labs, Inc.

Product Name

Satori Labs, Inc.

Market Segment

Enterprise software

Funding

Self-funded

Competitors

Manual transcription, PC-based forms automations system vendors

Product Description

With the ease and accessibility of pen and paper, Satori Labs’ FusionForm™ captures and transforms handwritten data into digital text that is easily integrated into computerized physician order entry and electronic medical records systems. Healthcare professionals can acquire patient information in a natural and familiar manner and still satisfy HIPAA mandates and insurance carrier requirements for digital data. FusionForm’s instant verification ensures the data integrity that high quality healthcare requires.

Market Opportunity

We target healthcare providers implementing electronic medical records (EMR) and computerized physician order entry (CPOE) systems. The Lewin Group estimates the cost of implementing electronic records nationwide at $27B to $50B. It is estimated that US hospitals will spend $16B on new technology in 2005 alone.

Demo Says

“Some 50,000 patients die each year due to medical errors. Yet even with the specter of malpractice and HIPPA mandates, hospitals and doctors are slow to adopt technology for electronic medical records, largely because most approaches mandate significant workflow or process change on the part of medical professionals. Satori innovatively packages forms-management, PDA, and hand-writing recognition technologies to deliver electronic medical record management inline with the way doctors do their work. For that reason alone, Satori is the most efficient, most likely to succeed EMR solution that DEMO has seen.”