Health Market Science Issued First Patent For Elastic And Scaleable Master Data Management (MDM) And Analytics System

Big Data technology-based code facilitates real-time provider data services on the current™ platform to enhance decision making and reduce risk.

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Health Market Science

Jul 15, 2014, 11:00 ET

KING OF PRUSSIA, Pa., July 15, 2014 /PRNewswire/ -- Health Market Science (HMS), a leading supplier of provider data and agile solutions for data management, regulatory compliance and market intelligence announced today the issuance of U.S. Patent No. 8,731,971. The patent covers data models and algorithms leveraging columnar and graph databases for data management, which allows the HMS MDM and analytics platform, current, to accommodate a wide variety of data formats while preserving historical versions of all the entities in the system as well as the relationships between those entities.

"Now data processing can be spread across a large number of machines," commented Brian O'Neill, CTO, Health Market Science. "This significantly decreases the latency in the system, because, in the end, our goal is to break down barriers so our customers can readily access the best information available."

"With this patented technology, HMS can provide unrivaled real-time provider data services via API as well as fully support outsourced data management solutions significantly reducing compliance and transparency risk for our customers," said Matt Reichert, CEO, Health Market Science. "Additionally, the current platform is exposed as a service to customers across the healthcare spectrum demonstrating our continued technology innovation and first-mover status delivering agile information solutions."

About Health Market Science
Health Market Science (HMS) helps healthcare organizations solve business challenges centered on healthcare provider information. HMS uses big data technology and domain expertise to help our clients comply with evolving federal and state laws, reduce operational costs and maximize market opportunities. Health Market Science offers agile solutions based on the most comprehensive provider database, including healthcare providers (HCPs,) healthcare organizations (HCOs,) and their affiliations, coupled with the largest medical claims database in the U.S. A wealth of highly experienced talent in data analysis and industry expertise, including regulatory compliance, mine these assets continuously for better ways to help clients increase margins and operate more cost-effectively. For more information, visit www.healthmarketscience.com.

Health Market Science Press Contact:
Stacey Levas
Vice President, Corporate Marketing
Health Market Science
2700 Horizon Drive
King of Prussia, PA 19406
Phone +1.484.804.2702 Fax +1.484.804.2702
[email protected]

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SOURCE Health Market Science