Welcome!

Industrial IoT Authors: Elizabeth White, Stackify Blog, Yeshim Deniz, SmartBear Blog, Liz McMillan

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
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
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...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
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.
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...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...