By Guy Boulton of the Journal Sentinel
When Jim Prekop joined TeraMedica Healthcare Technology as president and CEO in 2005, the Wauwatosa company's investors asked him first to determine whether closing the start-up would be the best course.
The company opted to push ahead, and its investors now may be rewarded for their patience as the market recognizes the need for TeraMedica's software.
TeraMedica sells software for managing the millions of diagnostic images stored throughout health care systems.
The size and number of those images - digital X-rays, MRIs, CT scans, mammograms, ultrasounds - have grown exponentially with advances in technology.
They typically are stored on different systems in various departments and locations throughout a health care system. Yet they need to be accessible through the electronic health records now taking hold throughout health care.
TeraMedica's software enables those images to be stored and managed - more efficiently and for less money - from one central repository. That repository, in turn, can be linked to an electronic health record.
The company, founded in 2001, knew that image storage would become a headache at some point for health systems. But it acknowledges that it was a bit ahead of the market.