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Quantros Acquires MEDMARX(R) from United States Pharmacopeia (USP)
Date:12/8/2008

eir ongoing data standards initiatives based on the knowledge created from the MEDMARX program.

Quantros continues to expand its presence in the patient safety arena. With the advent of Patient Safety Organizations (PSO), heightened consumer awareness and sensitivity towards medical errors, and new reimbursement rules surrounding preventable medical errors, the need for actionable, intelligent knowledge is at a premium. With the Quantros data repository expanding across safety, quality, compliance and financial performance data, there is a pressing need for aggregated views for making informed decisions on which interventions and actions will have the greatest benefit to a healthcare organization. The MEDMARX data repository is a key component of this expanded presence and knowledge base.

"We appreciate USP entrusting Quantros with the MEDMARX program and for ensuring its continued value is available to the healthcare industry," said Dr. Sanjaya Kumar, Quantros President and Chief Medical Officer. "Together, the two organizations have focused their combined efforts on delivering high value medication related clinical informatics solutions, assisting healthcare providers in capturing key data and evaluating medication errors and ADRs. This has enabled healthcare professionals to determine the impact of medication errors, thereby improving their care delivery systems and processes."

According to Roger L. Williams, Executive Vice President and CEO, USP, "The MEDMARX program has reached the level of development where there is greater benefit to public health for USP to transfer core activities of this program to Quantros, our strategic partner, who will bring the program to the next level of effectiveness and impact."

Today the MEDMARX program provides subscription-based users with access to the world's largest anonymous and de-identified medication error and ADR records repository. The
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SOURCE Quantros
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