Welcome!

Industrial IoT Authors: William Schmarzo, Elizabeth White, Stackify Blog, Yeshim Deniz, SmartBear Blog

News Feed Item

karmadata® Adds Pharma To Physician Payments Data To Platform and API

karmadata users are now able to identify and segment Clinical Investigators and Key Opinion Leaders based upon research and other payments from biotech and pharmaceutical firms, over 15 months before public release by the Centers for Medicare and Medicaid

BOSTON, June 19, 2013 /PRNewswire-iReach/ -- karmadata (www.karmadata.com) announced the addition of a new dataset, Pharma to Physician Payments, to its freemium users and API customers.  The Physician Payments Sunshine Act was enacted alongside the Affordable Care Act, requiring manufacturers of drugs, biologics, and devices to disclose research and other payments to physicians.  This data will not be released to the public by CMS until September 30, 2014, but karmadata has obtained a significant amount of this data in advance and is releasing it today in advance of the Drug Information Association 2013 annual meeting.

(Photo: http://photos.prnewswire.com/prnh/20130619/CG34902)

"The Sunshine Act is a huge win for Open Data advocates everywhere" said Sean Power founder and CEO of karmadata.  "Society has the right to know how their physicians and pharmaceutical manufacturers are influencing each other and the healthcare system.  After all, it is the healthcare consumer that is footing the bill.  While we await the full release of the data in late 2014, we have begun aggregating the data from the dozen or so pharma companies that have been required to release the data due to various violations."

"As an executive in Clinical Operations, I am thrilled to have access to this physician payment data, as one more arrow in our quiver to identifying high quality clinical investigators" said John Messina, Vice President Clinical Development at OptiNose. "Using karmadata, we can now screen have a source for identifying experienced investigators who have participated in relevant trials, along with all the other metrics they provide from sources such as PubMed, ClinicalTrials.gov, NIH Grant RePORTER, and the BioMedical Information System IND filing data."

karmadata's new dataset currently shows $187 million in payments to over 77,000 physicians (22,000 of which are principal investigators).  It is expected that this dataset will greatly expand over the next few months as additional data is mined from open manufacturers.  karmadata's total universe of physicians and clinical investigators is 860,000 and 300,000 respectively, and it is expected that the vast majority of these physicians will be shown to have significant financial ties to pharmaceutical, biological, and device manufacturers.  

karmadata poised to disrupt the Professional Business and Information Services Industry

The current Professional Business and Information Services industry is a $100 billion + market, dominated by a handful of Big Information Vendors which utilize a corporate-only, up-front licensing model.  This archaic standard effectively locks out tens of millions of would-be users and application developers who generally cannot afford the upfront costs of access.  karmadata is utilizing innovative technology and cloud based scale, enabling a first in kind freemium pricing model for industry data.

How karmadata works

karmadata currently processes high value, open and private data sources on a daily basis like PubMed, ClinicalTrials.gov, the FDA Adverse Events Reporting System, the USPTO databases, among many others.  These sources are primarily semi-structured text or XML, that are not linked to each other, and provide no standards for querying, analyzing, or visualizing.  karmadata has processed over 100 million records to date, and identified over 6.1 million Entities that are healthcare providers, populated places, clinical investigators, diseases, organizations, drugs and more.  

karmadata visitors can create "Datacards" which are meant to be mini-blogs, telling a data-driven, visualized story that is personal for the author.  These Datacards can be shared easily on social media, third party websites or embedded in blogs and articles on the web.  Additionally, each of the 6.1 million Entities has its own Poster, with visualizations and an index to all the world's data where that person, place, organization, product or thing can be found.  

About karmadata

karmadata is on a mission to standardize and link the world's data and to provide easy affordable access to it, to anyone, anywhere in the world.  karmadata is currently a small and enterprising team of dedicated and experienced professionals with a common goal of redefining the industry standards of how data will be resourced, collated, and shared among industry professionals and setting the gold standard for future data providers.

Currently seeking partnerships and investors

karmadata is actively recruiting investment, data provider, and technology partnerships. For more information please contact Sean Power ([email protected]).

Media Contact: Sean Power, karmadata, 6178070020, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE karmadata

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...