67 WALL STREET, New York - May 16, 2013 - The Wall Street Transcript has just published its Investing in Health Care Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Health Care - Electronic Health Record Adoption - Biotechnology and Pharmaceutical Investing - Biotechnology and Pharmaceuticals - Biotechnology and Pharmaceutical Companies Valuation - Platform Interoperability and Data Analytics - HITECH Act Incentives - Affordable Care Act
Companies include: Merge Healthcare Incorporated. (MRGE) and many more.
In the following excerpt from the Investing in Health Care Report, the CEO of Merge Healthcare Incorporated (MRGE) discusses company strategy and the outlook for this vital industry.
TWST: Merge solutions facilitate the sharing of images to create a more efficient and effective electronic health care experience for patients and physicians. Can you tell us what that means, exactly?
Mr. Surges: Simply put, if you think about the content of a medical record, the most important attachment to that medical record is the image. Images include X-rays, CTs, MRIs, mammographies, any image you have on film. We are just like iTunes; we store your image, we help you connect and move your image, we help put that image on multiple devices and multiple locations at the point of demand.
That image is a 3-gigabyte file. We move 3-gigabyte data files called images in a cloud on a computer hard drive and facilitate when you want to connect and share those images amongst multiple - these images come from cardiology, radiology, physician office, etc. So when you go through the scanner to get your X-ray or image done, the person in the metal jacket behind the wall who is typing is using our software. We help health care more efficiently manage that 3-gigabyte image.
TWST: Give us a little more clarification. If I go to the doctor and get an MRI, for example, and I want to take that to my primary care physician, with your solutions do I still physically carry that film with me?
Mr. Surges: In cases where the doctor is not using our technology, or if you go back in time to before our technology was available, you would be given a CD; you would be given the big manila folder with the actual film in it, or the doctor would say, "Where would you like us to fax your results?"
Think about that. You walk in the doctor's office, you have an iPhone, you've got all these apps and the office wants to fax your results. That is how far out of date health care is. We eliminate the need for the film, need for the X-ray or the need...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
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