M*Modal's CBaySystems takes new name

CBaySystems today announced the unification of various company components under the new name M*Modal Global Services Pvt. Ltd.

The components include medical transcription, advanced speech understanding and natural language understanding technologies, development, coding, HIM professional services and health care analytics.

CBaySystems ranks among India's largest clinical documentation solutions providers.

"The commercialization of our Natural Language Understanding products radically expands the role clinical documentation plays in enhancing the quality of medical outcomes and the controls on healthcare costs,” Vern Davenport, chairman and CEO of M*Modal Inc., said in a release. “Complementing this with the skills of our global services organization stands to fundamentally enhance the delivery of patient care."

Franklin-based M*Modal, which recently was listed on the NASDAQ Stock Market, has been acquired by One Equity Partners, a division of JP Morgan Chase & Co.