Medirex Systems Inc. joins the Vector Institute’s FastLane program to accelerate AI-fueled growth

TORONTO, Dec. 4, 2024 /PRNewswire/ – Medirex Systems Inc., a leader in healthcare technology solutions, is thrilled to announce its participation in the Vector Institute’s FastLane program. Joining FastLane demonstrates Medirex’s ongoing commitment to artificial intelligence (AI) innovation to enhance patient engagement and optimize healthcare systems across Canada.

Through the program, Medirex aims to explore AI’s potential to transform healthcare delivery, mainly through its mySPOT platform, which leverages AI to simplify medical reports and streamline patient-provider communication. Medirex will engage in mentorship, gain access to machine learning resources, and collaborate with industry-thought leaders to develop responsible AI solutions that empower patients and improve healthcare outcomes.

Introduced in December 2021, the Vector Institute’s FastLane program supports Canadian small-to-medium-sized enterprises (SMEs) in accelerating their AI capabilities. Through Vector’s FastLane program, Medirex can access world-class AI expertise. This will support the company as it advances its mySPOT platform by integrating AI to enhance patient comprehension, improve real-time data analysis, and ensure patients actively participate in their healthcare journey. Joining FastLane will further Medirex’s goals of improving patient outcomes and driving operational efficiency within healthcare systems.

By building AI resources and fostering innovation, the Vector Institute is empowering SMEs like Medirex to harness machine learning’s transformational potential. Vector’s community of problem-solvers, experts, and leaders drives the responsible application, adoption, and commercialization of AI, fostering economic growth across Canada.

“We are thrilled to be part of Vector’s FastLane Program, which aligns perfectly with our mission to revolutionize healthcare through AI-powered innovation,” shares Mark Caskenette, Managing Director, Medirex Systems Inc. “Vector’s support through FastLane opens new doors for us to access cutting-edge AI expertise and advance our mySPOT platform, ensuring we continue to enhance the healthcare experience for patients and providers alike.”

“Vector’s FastLane program is designed to drive safe AI innovation and foster AI advancement for small and medium-sized enterprises,” said Craig Stewart, Executive Director of Applied AI Programs Vector Institute. “Medirex’s commitment to leveraging AI responsibly in health care aligns well with our mission. We’re excited to welcome the Medirex team to the FastLane.”

About Medirex Systems Inc.

Medirex Systems Inc. is a Canadian-owned healthcare technology company specializing in patient identification and digital engagement solutions. For over 50 years, Medirex has connected over 10 million patients annually to health information systems through advanced patient ID wristbands. It is now evolving into the digital space with mySPOT, a platform designed to empower patients by giving them control of their healthcare journey. Medirex aims to improve patient outcomes, reduce readmissions, and foster more personalized care through innovative AI solutions.

About Vector Institute

The Vector Institute, cofounded by Nobel laureate Geoffrey Hinton,  is an independent, not-for-profit corporation dedicated to advancing artificial intelligence, excelling in machine learning and deep learning. Our vision is to drive excellence and leadership in Canada’s knowledge, creation, and use of AI to foster economic growth and improve the lives of Canadians. The Vector Institute is funded by the Province of Ontario, the Government of Canada through the CIFAR Pan-Canadian AI Strategy, and industry sponsors across Canada.

Media Contact
Mark Caskenette, Managing Director
Medirex Systems Inc.
Email: m.caskenette@medirex.com
Website: medirex.com

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SOURCE Medirex Systems Inc.