DrChrono Inc., the company developing the essential platform and services for modern medical practices to make care more informed, more interactive, and more personalized, partnered with Cognition IP, a law firm dedicated to patent law to draft and file 5 new patent applications related to the company’s core technologies on machine learning. The firm is developing software and AI to make it dramatically faster and more accurate and offers transparent, flat-fee pricing.
Inventing New Ways for Physicians to Interact with Data via Machine Learning Algorithms
As part of the partnership, Cognition IP helped DrChrono focus on its machine learning patents and also secured processing for two existing patent applications that had been stalled for years at the patent office. Cognition IP’s machine learning expertise extends to real-world technology development. The Cognition IP team leverages its own AI-enabled resources to make the patent process more efficient.
“It was crucial to work with a partner that had a deep understanding of healthcare and machine learning. We wanted to ensure that our intellectual property was patented and protected and Cognition IP helped us do just that by successfully expanding our portfolio. Investing in machine learning is critical to the future of our healthcare platform used by thousands of medical practices.”
co-founder and COO, Daniel Kivatinos
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DrChrono’s healthcare platform is growing at a rapid rate offering electronic health record (EHR), practice management, medical billing, and revenue cycle management solutions for physicians and patients. To date, the platform is used by thousands of physicians and has over 17.8 million patients under the care of DrChrono providers. The platform has facilitated the booking of 69 million appointments and the processing of more than $11 billion of medical billing to date. Recently, DrChrono raised a $20 million in debt financing from ORIX Growth Capital to spur expansion and increase market share through further investing in the technology platform (EHR, medical billing and API) and expansion of engineering, sales, and support functions.
Source: HIT Consultant
