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MModal Inc. (MODL) And Merge Healthcare (MRGE) Reach Partnership Agreement

In a short period of time, MModal has evolved into a leading provider of clinical narrative capture services, speech understanding technology and clinical documentation workflow. Today, MModal announced they have reached an agreement with Merge Healthcare.

Merge Healthcare has a client base consisting of more than 1,500 hospitals and 6,000 clinics across the country. Through this partnership, MModal becomes a preferred partner of Merge with plans to integrate its speech and natural language understanding (NLU) into Merge's solutions to help clients achieve meaningful use and contextual narrative capture.

As a team, MModal and Merge will look to accelerate adoption of these innovative speech-based solutions across the Merge network of clients. This agreement will be beneficial for shareholders of both companies.

In reference to this press release, MModal Chairman and CEO Vern Davenport stated, "We are pleased to welcome Merge Healthcare to the growing family of M*Modal partners. We will provide their clients with our patented speech-enabled solutions that will increase access to key clinical data originating from the provider's spoken word, meeting them at their current state of readiness. It's that simple spoken word that enables caregivers to fully capture the patient story, extract clinically relevant data and ultimately enhance the physician's user experience."

Currently, MModal is trading in the $10.98 range. To learn more about this company as a whole, visit their corporate website at mmodal.com

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