April 13, 2016 (Nashville, Tennessee) Maize Analytics, a Nashville-based technology firm that provides patented machine learning software to monitor and protect patient data, announced Wednesday that it has completed a second round of funding led by Nashville investor Jim Sohr. Sohr is the Chairman and CEO of Powered Health, a portfolio of health care technology companies positioned to change the business of health care. Sohr was the CEO of AIM Healthcare Services before its acquisition by Ingenix (now Optum) a division of UnitedHealth Group in 2009.
Maize will deploy the capital to accelerate growth, expand their product line and support their rapidly expanding customer base.
Maize Analytics’ Founder and CEO, Daniel Fabbri Ph.D. stated: “Hospitals must monitor how sensitive patient data are accessed and used. Unfortunately, most providers rely upon manual methods or older technologies to accomplish this. We expect every US hospital will have advanced EMR access monitoring solutions in the next few years, and this capital raise helps us address this growing market.”
“We are happy to expand our commitment to Maize Analytics,” stated Jim Sohr. “Hospitals and the PHI contained in their EMRs have always been a target for misuse. Innovative technologies, like Maize’s, are critical in protecting patient privacy.”
Maize is expanding to support Canadian health care organizations and anticipates growth in other non-U.S markets. “While the North American market is our primary focus, recent Canadian regulations have put increased pressure on Canadian health care organizations to monitor EMR usage,” said Dr. Fabbri.
About Maize Analytics:
Maize Analytics’ patented and peer-reviewed auditing system allows privacy officers to quickly and accurately identify inappropriate accesses to EMR data. By contrast, legacy technologies provide static flag-based solutions, which commonly create high false positive rates and missed breach detection. Maize uses machine learning to identify why access occurs, and then filters away appropriate accesses, leaving a much smaller subset for manual review. www.maizeanalytics.com
About Powered Health:
Powered Health companies are joined by a guiding mission to provide innovative software and service solutions to the healthcare industry. We power a positive change in clinical decision making, interoperability, engagement and compliance. Together they change the business of health care. www.poweredhealth.com