Medical care gets immediate boost with Cloud technology
By SMBworldAsia Editors | Jun 8, 2010
CA Technologies capital and technology injection into Watermark Medical will enable the benefits of Cloud computing to be immediately available for the diagnosis and treatment of patients. Watermark enables medical practitioners to easily manage, aggergate an access critical diagnostic and historical patient information.
According to Sean Heyniger, CEO of Watermark Medical, as Watermark’s technology expands and is increasingly incorporated into the day-to-day functions of the medical community, benefits will include:
- a decrease in costs to the physician and patients;
- ability for patients to gain access to potentially lifesaving diagnostic tests;
- shifting the cost burden from expensive hospital and specialist-based testing to the PCP; and
- increasing accuracy in tracking the long term health and wellness of patients.
Watermark Medical, LLC, is a privately-held medical products and services company currently servicing the sleep-disordered breathing market. It has announced the completion of a $15 million equity investment from CA Technologies.
This equity investment in Watermark Medical represents CA Technologies’ entry into the emerging Software-as-a-Service (SaaS)-based healthcare cloud market. As part of the investment, CA Technologies will hold a minority stake in Watermark Medical and two seats on Watermark’s Board of Directors.
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