- WELL Health Technologies (WELL) has joined a Digital Technology Supercluster (DTS) project called Health Compass
- Health Compass applies artificial intelligence to existing EMRs, helping physicians find the insights they need
- Having secured $3M in funding, WELL’s platform will be used to pilot the Health Compass project
- The Health Compass solution will help physicians sort through large amounts of data
- WELL is a provider-focused digital healthcare company that has built a practitioner enablement platform that provides practice management tools
- WELL, Health Technologies Corp. (WELL) opened trading at C$3.19
WELL Health Technologies (WELL) has joined a Digital Technology Supercluster (DTS) project called Health Compass.
The company has partnered with ORX Surgical, Tali AI and Simon Fraser University.
There have historically been large amounts of data locked in outdated electronic medical records (EMR) that have proven to be a cause of burnout for physicians. Sorting through massive amounts of data takes a physician’s time away from delivering care to their patients.
Health Compass applies artificial intelligence to existing EMRs, helping physicians find the insights they need and make critical decisions faster for their patients.
WELL and its internal subsidiaries participating in the project (AwareMD, OSCAR Pro, Intrahealth, Ocean, Doctorcare, apps.health) have secured $3M in co-investment funding from DTS to support WELL’s platform, which will be used to pilot the Health Compass project. The project will leverage WELL’s FHIR-based apps.health ecosystem to integrate the Health Compass capabilities into the EMR. The funding will also be used to enhance the ability of digital health innovations to interoperate with EMRs and make it easier for providers to augment their EMRs with the latest innovations in healthcare technology. The project will also be leveraging WELL’s large physical clinical footprint and provider base to pilot and inform the capabilities of the project.
Amir Javidan, COO of WELL Health Technologies, commented on the news.
“We are thrilled to be a part of this innovative group. Artificial intelligence and natural language processing have been severely underutilized in Canadian healthcare, and given the serious issues regarding physician burnout, Health Compass is a leap in the right direction. At WELL, we pride ourselves on empowering and caring for providers and projects like these provide an opportunity to showcase how committed we are to these goals.”
“This project is developing technology that has the potential to connect patients with life-changing care more quickly,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry.
“Our government is proud to support the Digital Technology Cluster and its partners, as their new Health Compass solution will help physicians sort through large amounts of data, making it easier and faster for them to make critical decisions for their patients.”
“We’re excited to leverage our AI technology to support Canada’s most important asset, healthcare providers,” said Peder Sande, CEO of ORX Surgical.
“In partnership with the Digital Technology Cluster, WELL, Tali and SFU, we are proud to be building a made-in-Canada solution that accelerates the future of Canadian healthcare.”
The Digital Technology Supercluster accelerates the development and adoption of digital technologies that keep Canadians healthy, address climate change and drive economic productivity.
WELL is a provider-focused digital healthcare company that has built a practitioner enablement platform that provides practice management tools, including virtual care and digital patient engagement capabilities, as well as Electronic Medical Records (EMR), Revenue Cycle Management (RCM) and data protection services.
WELL Health Technologies Stock opened trading at C$3.19.