{"id":12339,"date":"2017-06-10T11:37:28","date_gmt":"2017-06-10T15:37:28","guid":{"rendered":"https:\/\/ise.ncsu.edu\/?p=12339"},"modified":"2017-06-10T11:37:28","modified_gmt":"2017-06-10T15:37:28","slug":"revolutionizing-patient-data-sharing-between-classes","status":"publish","type":"post","link":"https:\/\/webpublishing.oit.ncsu.edu\/ise-ncsu-edu\/2017\/06\/10\/revolutionizing-patient-data-sharing-between-classes\/","title":{"rendered":"Revolutionizing Patient Data Sharing Between Classes"},"content":{"rendered":"

See other great ISE stories like this in the latest inGear Magazine <\/i><\/a><\/p>\n

When ISE Junior Michael Rosenberg isn\u2019t studying for his classes, he\u2019s most likely in his 16th-floor office in downtown Raleigh, slowly but surely revolutionizing the healthcare industry. In the fall of 2015, Rosenberg gathered students across NC State to create Medicom, a peer-to-peer network that exchanges health information between patients, providers, payers and academics to drastically reduce the cost of healthcare and improve care quality.<\/p>\n

FIXING EXISTING SYSTEMS<\/h3>\n
\"Michael<\/div>\n

At an event for Chancellor Randy Woodson, Rosenberg told the crowd he knew ISE was a perfect fit from the moment he stepped onto campus. He started asking himself, \u201cWhat kinds of systems are inefficient? Why are these systems wasteful? What systems are worth\u00a0improving?\u201d<\/p>\n

Raised in Tucson, Arizona, Rosenberg watched as his father, an oncologist, struggled with the inefficiencies of sharing patient data, and more specifically, the process of repeat imaging as doctors across disciplines lacked a straightforward method to exchange tests and images. This process was not only costly to the insurance providers, but also detrimental to the patients\u2019 health. According to the American College of Radiology, 25 percent of cancer patients experience disease progression due to repeat imaging.<\/p>\n

Moreover, the cost of repeat imaging exceeded $20 billion per year to the taxpayer, according to the Centers for Medicaid Services.<\/p>\n

Rosenberg set out to answer his questions. He began a journey to modernize the healthcare system, as well as improve patient care, all through industrial systems engineering. \u201cThis was one of the rare occasions where decreasing expenses actually benefits the patients,\u201d he said.<\/p>\n

With drive and determination, Rosenberg took advantage of the Entrepreneurship Initiative to bring together students from the engineering school, the design school, the business school and from CHASS to create Medicom.<\/p>\n

MEDICOM<\/h3>\n

Medicom offers software as a service (SaaS) for healthcare systems, payers, health information exchanges and hospitals. Thanks to a loophole in HIPAA created by a 2009 regulation under The American Recovery and Reinvestment Act, Medicom\u2019s peer-to-peer network bypasses regulations and significantly reduces the cost of patient file sharing. This peer-to-peer network sidesteps the previous process of sending information through several third party channels\u2014usually at a steep price\u2014before relaying it to the intended recipient. Medicom suggests the same process through a Virtual PrivateNetork (VPN) would cost upwards of $238,600 annually, almost 10 times more expensive than Medicom\u2019s price of $24,000\u00a0annually.<\/p>\n

Not only is Medicom\u2019s service more cost effective, it also provides encryption to ensure secure file transfer without saving the data to a third party server. To Rosenberg, the process is simple. \u201cWe\u2019re like a phone operator for medical information,\u201d he said. \u201cWe\u2019re not listening to the call; we\u2019re just connecting the information to the right party.\u201d<\/p>\n

Medicom is garnering plenty of attention, most recently from the National Academy of Engineering (NAE). In March, Rosenberg traveled to Washington, DC, to present Medicom\u2019s business concept to the NAE on behalf of NC State, one of 15 schools chosen from a pool of 150 to participate. Impressed, the jurors selected Medicom to represent the University\u2014and the United States\u2014at NAE\u2019s Global Grand Challenges Summit this July.<\/p>\n

FUTURE GROWTH<\/h3>\n

Today, Medicom provides three core products: ImageX, Endpoint and Hex. But Rosenberg is not done yet.<\/p>\n

This spring, he and his fellow students-turned-entrepreneurs are heading into their second round of investor seed funding. They hope the funding will allow Medicom to expand not only its staff, but its product line and attract more buyers. Its current clientele include the VA Hospitals and McKesson among its list of more than 1,000 organization level clients across the\u00a0nation.<\/p>\n

Rosenberg spends the majority of his time with Medicom, and despite his class schedule, he doesn\u2019t see himself slowing down anytime soon. Medicom\u2019s innovative process will attract payers and providers across the country whose bottom line is to reduce costs. He hopes to bring Medicom to the market and give a private offering of the company in three years, while most of his peers will be beginning their entry-level jobs.<\/p>\n

\u201cHopefully we\u2019ll get acquired!\u201d he added. \u201cThen after that, who\u00a0knows?\u201d <\/p>\n","protected":false,"raw":"See other great ISE stories like this in the latest inGear Magazine <\/i><\/a>\n\nWhen ISE Junior Michael Rosenberg isn\u2019t studying for his classes, he\u2019s most likely in his 16th-floor office in downtown Raleigh, slowly but surely revolutionizing the healthcare industry. In the fall of 2015, Rosenberg gathered students across NC State to create Medicom, a peer-to-peer network that exchanges health information between patients, providers, payers and academics to drastically reduce the cost of healthcare and improve care quality.\n\n

FIXING EXISTING SYSTEMS<\/h3>\n
\"Michael<\/div>\nAt an event for Chancellor Randy Woodson, Rosenberg told the crowd he knew ISE was a perfect fit from the moment he stepped onto campus. He started asking himself, \u201cWhat kinds of systems are inefficient? Why are these systems wasteful? What systems are worth\u00a0improving?\u201d\n\nRaised in Tucson, Arizona, Rosenberg watched as his father, an oncologist, struggled with the inefficiencies of sharing patient data, and more specifically, the process of repeat imaging as doctors across disciplines lacked a straightforward method to exchange tests and images. This process was not only costly to the insurance providers, but also detrimental to the patients\u2019 health. According to the American College of Radiology, 25 percent of cancer patients experience disease progression due to repeat imaging.\n\nMoreover, the cost of repeat imaging exceeded $20 billion per year to the taxpayer, according to the Centers for Medicaid Services.\n\nRosenberg set out to answer his questions. He began a journey to modernize the healthcare system, as well as improve patient care, all through industrial systems engineering. \u201cThis was one of the rare occasions where decreasing expenses actually benefits the patients,\u201d he said.\n\nWith drive and determination, Rosenberg took advantage of the Entrepreneurship Initiative to bring together students from the engineering school, the design school, the business school and from CHASS to create Medicom.\n\n

MEDICOM<\/h3>\nMedicom offers software as a service (SaaS) for healthcare systems, payers, health information exchanges and hospitals. Thanks to a loophole in HIPAA created by a 2009 regulation under The American Recovery and Reinvestment Act, Medicom\u2019s peer-to-peer network bypasses regulations and significantly reduces the cost of patient file sharing. This peer-to-peer network sidesteps the previous process of sending information through several third party channels\u2014usually at a steep price\u2014before relaying it to the intended recipient. Medicom suggests the same process through a Virtual PrivateNetork (VPN) would cost upwards of $238,600 annually, almost 10 times more expensive than Medicom\u2019s price of $24,000\u00a0annually.\n \nNot only is Medicom\u2019s service more cost effective, it also provides encryption to ensure secure file transfer without saving the data to a third party server. To Rosenberg, the process is simple. \u201cWe\u2019re like a phone operator for medical information,\u201d he said. \u201cWe\u2019re not listening to the call; we\u2019re just connecting the information to the right party.\u201d\n\nMedicom is garnering plenty of attention, most recently from the National Academy of Engineering (NAE). In March, Rosenberg traveled to Washington, DC, to present Medicom\u2019s business concept to the NAE on behalf of NC State, one of 15 schools chosen from a pool of 150 to participate. Impressed, the jurors selected Medicom to represent the University\u2014and the United States\u2014at NAE\u2019s Global Grand Challenges Summit this July.\n\n

FUTURE GROWTH<\/h3>\nToday, Medicom provides three core products: ImageX, Endpoint and Hex. But Rosenberg is not done yet.\n\nThis spring, he and his fellow students-turned-entrepreneurs are heading into their second round of investor seed funding. They hope the funding will allow Medicom to expand not only its staff, but its product line and attract more buyers. Its current clientele include the VA Hospitals and McKesson among its list of more than 1,000 organization level clients across the\u00a0nation.\n\nRosenberg spends the majority of his time with Medicom, and despite his class schedule, he doesn\u2019t see himself slowing down anytime soon. Medicom\u2019s innovative process will attract payers and providers across the country whose bottom line is to reduce costs. He hopes to bring Medicom to the market and give a private offering of the company in three years, while most of his peers will be beginning their entry-level jobs.\n\n\u201cHopefully we\u2019ll get acquired!\u201d he added. \u201cThen after that, who\u00a0knows?\u201d \n"},"excerpt":{"rendered":"

See other great ISE stories like this in the latest inGear Magazine When ISE Junior Michael Rosenberg isn\u2019t studying for his classes, he\u2019s most likely in his 16th-floor office in…<\/p>\n","protected":false},"author":0,"featured_media":12340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"","ncst_dynamicHeaderData":"","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[1],"tags":[1101,1033,1102],"_ncst_magazine_issue":[],"class_list":["post-12339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-medicom","tag-michael-rosenberg","tag-patient-data-sharing-system"],"displayCategory":null,"acf":{"ncst_posts_meta_modified_date":null},"yoast_head":"\nRevolutionizing Patient Data Sharing Between Classes | ISE Development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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