80% of the data stored in electronic medical records are in unstructured free text form as narrative reports and progress notes. This data is utilized by hospitals, health insurance and clinical trial organizations as secondary users.
An average a health insurance claims validator spends 15 to 30 minutes reading narrative reports for an insurance claim, this costs time and money. Hospitals and Clinical trial organizations spend lots of time reading these unstructured narrative reports while doing cohort review and patient recruitment processes respectively.
At health text labs, we convert unstructured data into structured data so that this unstructured data could be consumed easily.