IMO, Leading Medical Informatics Company, Opens Location at University of Illinois
U of I Research Park Location to Bring Innovation and Top-Tier Talent to Growing Industry
CHAMPAIGN and NORTHBROOK, IL; (March 15, 2012) - Intelligent Medical Objects, Inc. (IMO®), providers of innovative, medical informatics clinical content and services, announces the opening of a satellite office in Research Park on the campus of the University of Illinois: 2100 Oak Street, Suite 208. IMO will host an open house at their new facility April 10th, 2012, beginning at 6:30 p.m.
IMO chose the University of Illinois to build its satellite clinic because of its significant history in the area of data sciences, informatics, and its top-notch faculty and students. IMO plans to utilize student interns, under the supervision of full-time staff, to augment product development.
IMO’s CMIO Fritz Hofheinz MD, expressed the importance of this addition, stating, “The IMO Research and Development Center and our partnership with the University of Illinois Research Park is part of our strategic effort to meet the needs of our various partners in our industry especially implementations of our Meaningful Use Stage 2 and 3 solution/services in our vendor partner applications. Our new center is a great complement to our corporate office and will allow us to strengthen our culture of innovation and assist in delivering improved terminology solutions through exploratory research, development and implementations to help our vendor partners meet MU stage 2.”
“Our current health information partners have communicated a need for innovative technology that can assist their team in these very challenging healthcare industry transformations. To help implement the comprehensive services that IMO is delivering to our vendor partners to meet the additional criteria outlined for Meaningful Use Stage 2 stated in the Centers for Medicare & Medicaid Services and Medicaid Electronic Health Record (EHR) Initiative Programs requires top tier talent,” continued Dr. Naeymi-Rad. “Establishing a center linked to the university provides us access to top-tier talent during their studies. We hope to recruit this talent to help us change the healthcare industry by joining IMO and our partners and to consider Health Information Technology a viable career path.”
Mr. Regis Charlot, IMO President and CTO adds, “As part of our commitment to expand our terminology solutions and services to better serve our vendor partners and our growing clinical users, we need to engage new top talent that will challenge us and help us provide the best leadership to our vendor partners. The incredible diversity of students, faculty and staff; nearby hospitals and clinics, and the National Center for Supercomputing Applications (NCSA)—Research Park at the University of Illinois is the Silicon Valley of the Midwest, and it’s right here in our backyard.” To manage their new presence at the university, IMO has engaged Blake Giles, alumnus of the University of Illinois and also the Research Park. Before joining IMO, Blake was instrumental in ushering State Farm Insurance into the mobile space where he led strategic and development efforts for State Farm Insurance and State Farm Bank®.
Lawrence Schook, Vice President for Research at the University of Illinois said that IMO’s decision to place a satellite office in Research Park, “underscores the importance of the symbiotic relationship between the corporate world and academia. Research partnerships between corporations such as IMO and the university are critical to groundbreaking discoveries that benefit all involved.”
Laura Frerichs, Research Park Director said, “We welcome IMO to the Research Park and helping them to engage with faculty and students as part of their experience here. We are excited to have this Chicagoland digital health company choose The Illinois Research Park at University of Illinois at Urbana-Champaign as a location that will help them drive innovation for the future of their business.”
Intelligent Medical Objects
Intelligent Medical Objects (IMO®) develops, manages, and licenses medical vocabularies, as well as health care software applications that utilize the medical vocabularies. IMO’s Clinical Interface Terminology products, including IMO Problem (IT) that provides seamless mapping of diagnostic terminologies to billing codes and medical concepts. IMO provides the tools necessary for health care organizations to authoritatively support uniform labeling of health profiles, services rendered, and outcomes across their enterprise. This intersection of clinical and financial data provides health care organizations with dependable quality information to deliver services, bear risk, and to enable efficient, cost-effective operation and accountability. IMO’s products improve physician satisfaction, facilitate physician adoption, speed the coding process, reduce unnecessary physician-coder communication, and result in fewer rejected claims. IMO currently has over 1500 hospitals and 250,000 physicians using their content. IMO’s headquarters are located in Chicago. For more information, please visit www.e-imo.com.
About the Research Park at the University of Illinois
The Research Park at the University of Illinois at Urbana-Champaign provides an environment where technology-based businesses can work with faculty and students at Illinois to take advantage of opportunities for collaborative research and easy access to University labs, equipment, and services. The Research Park is home to more than 90 companies and growing, employing over 1,400 people in high-technology careers. At any given time, over 400 student interns are gaining valuable work experience while making real contributions to internal corporate R&D and product development programs. Publicly-traded firms in the Research Park include: ADM, Abbott Laboratories, Caterpillar, Deere & Company, Pearson, Raytheon, Riverbed, Sony, State Farm, and Yahoo. It was named 2011 Outstanding Research Park of the Year by the Association of University Research Parks (AURP).