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Medip Health buys $1.6 million in Tecatel shares

Medip Health, a Spanish company known for consulting and processing patient data, purchased $1.5 million in Tecatel shares. The move will allow the company to better serve hospitals and produce novel technical solutions to improve patient outcomes. The company provides patient multimedia services and works to digitize a hospital’s workflow systems.

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This picture show some medical equipments.

Medip Health, a multimedia company with eyes on the health sector is making waves. The Valencia based company which specializes in digital health, purchased $1.5 million worth of shares from Tecatel, initiating a capital reduction operation of $1,6 million (€1.5 million).

After executing the operation, the company’s share capital was set at $6,3 million (€5,73 million), as recorded in the Commercial Register. “Medip Health has purchased $1.6 million shares from one of the partners, Tecatel, to redeem its own shares,” as explained by the Valencian company.

Tecatel began by producing antennas to receive satellite television signals in Beniarjó, in the Pardines industrial estate. But they soon wanted to diversify their activity with an entertainment solution for hotel televisions.

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Medip Health company and its services

Medip Health is a company specialized in developing multimedia services in the health sector. By digitizing patient care processes, it increases the quality of care and optimizes hospital workflow. The company is sharp and knows exactly how to apply technological advances to optimize the traceability of health. .

Hospitals, immersed in the process of digitizing medical records, are faced with a challenge: what is the best tool for managing and consulting all this information? With years of experience and knowledge of IP technology, Medip Health created Medip; a new tool designed exclusively for hospitals, capable of improving healthcare workflows, and in turn, improving any given patients stay while in the hospital in the hospital. Medip is a multimedia communication platform for patient entertainment and a powerful computer communication tool for medical professionals.

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The visible part of this application is a touch screen for hospital environments: watertight, anti-bacterial, and with a card reader, which ensures data privacy. Hidden inside is a powerful and silent computer, capable of managing the Medical History in real-time, without paper, avoiding data transcription, and allowing doctors to diagnose and make decisions with greater security, a milestone that is changing forever the way they work.

Last year, Medip Health installed its technology in more than a thousand beds in different hospitals across the Castilla y León Health Service.

The company focuses on two verticals: on the one hand, it has an intuitive entertainment platform for patients, with a tool for accessing hospital information systems (HIS) from their bedside. On the other hand, the company has Medip Vitals, a nursing solution for the digitalization of vital signs, and the evaluation of a patient’s condition. As a result, patient recovery time, and stay time in the facility are reduced.

At the end of last year, the general directorate of the Health Service of Castilla and Leon (Sacyl) commissioned its ICT department to design a project aimed at improving infrastructures, with a mandate to incorporate technology that would allow secure consultation of the patient’s HIS at the bedside and in real-time, in order to provide information alongside the patient and try to minimize human error caused by manual transcriptions to the system.

The regional executive decided to implement a new IP infrastructure and equip 1,700 beds with touch-screen computers and software capable of meeting the digitalization needs of professionals and patients to improve their recovery and stay in different hospitals. Finally, among others, the solution offered by Medip Health was chosen by Sacyl’s ICT department.

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(Featured image by  sandro porfirio via Unsplash)

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Philip Gregg is a tech biz writer, with a keen understanding of blockchain technology, Internet of Things, and cloud services. He also serves as chief consultant for an IT business in Washington and a cryptowallet startup in Tokyo. Philip holds an MBA in finance and has previously worked at a Silicon Valley company before striking out on his own. He is a dad to three German Shepherds and owns a sweet vintage Mustang he fondly calls Sadie.