4.7bn diagnostic imaging procedures were performed globally in 2021, representing a strong recovery over 2020. Healthy demand for teleradiology services resulted in the global penetration of teleradiology reads into diagnostic imaging procedures bouncing back to 1.9%, and the overall teleradiology reading services and IT market revenue elevating past its pre-pandemic level to USD $1.7bn. With a projection for the market to reach USD $3.7bn in 2026, here I explore five drivers fueling this period
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Diagnostic Imaging
Analysis: RSNA 2022: Predictions vs Reality
Much has already been written about attendance at RSNA, but from a first-hand perspective, RSNA 2022 could be regarded as a step back toward “normal”. Amongst mostly bustling halls, vendors reported very positive feedback on the volume and quality of customer meetings, with one prominent global imaging vendor citing “We’re signing deals here at the show again – things are looking up”. Against this positive backdrop, however, the stark challenges facing radiology in a post-COVID world were
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Nuance Announces Strategic Collaborations at RNSA22
What You Should Know: - Nuance Communications announced a series of strategic partnership announcements at RNSA 2022. - Nuance announces that Kentucky-based Baptist Health and Pennsylvania-based Einstein Healthcare have joined the Nuance Precision Imaging Network (PIN). The addition of these healthcare systems will empower collaborative care teams with AI-powered insights from diagnostic imaging at the point-of-care. - Perspectum, a global medical technology company,
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HLTH22 Day 1 News Summary: Google, Maven, Highmark, LG, Others
Venture Capital, Private Equity Funding Maven Clinic Secures $90M to Advance End-to-End Family Care Platform Maven Clinic, the largest virtual clinic in women’s and family health raises $90 million Series E funding bringing its total funding to $300M. Maven plans to use the latest round of funding to advance its end-to-end family care platform to enable deeper personalization to meet the diverse needs of women and families everywhere. Curavit Raises $5M for Digital Therapeutics
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HLTH22: Nuance and NVIDIA Bring Medical Imaging AI Models Directly into Clinical Settings
What You Should Know: - Peter Durlach, Chief Strategy Officer at Nuance Communications, announced on-stage at HLTH a partnership with NVIDIA that will put artificial intelligence (AI)-based diagnostics tools directly in the hands of radiologists and other clinicians at scale for the first time. - The partnership will enable the validation, deployment, and evaluation of medical imaging AI models with the combined power of the Nuance Precision Imaging
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PocketHealth Launches Tool for Sourcing Prior Diagnostic Imaging From Any Provider, Anywhere
What You Should Know: - PocketHealth, a patient-centric, no-network medical image-sharing platform launches Record Retrieval to solve challenges that hospitals and imaging centers face while requesting and retrieving prior imaging from patients, referring physicians, or healthcare sites. - Record Retrieval streamlines patient intake by creating an easy workflow that auto-imports data into PACS and fills the gaps left by CD-ROMs, VPNs and legacy networks. Challenges Sourcing &
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Quality vs. Quantity: The Case for Clinician-Centric Technology
Care providers continue to face mounting pressures – from increasing staffing shortages to balancing patient needs across in-person and virtual settings and managing pent-up patient demand. Rather than navigating through fragmented digital solutions that feed care providers disparate data, more and more clinicians now rely on connected technology to access the care context, i.e. the right patient data translated into reliable actionable insights at the right point in their workflow. To truly
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Nuance & Covera Launches Nationwide Radiology Quality Care
What You Should Know: - Covera Health, Inc. and Nuance Communications, Inc., today introduced the Quality Care Collaborative (QCC), the first national program that brings together payers, providers, and self-insured employers to support radiology quality improvement initiatives at scale. - The QCC joins Covera’s clinical intelligence platform and Nuance’s Precision Imaging Network™ to enable providers, payers, and employers to work together in a
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Intelerad Acquires PenRad Technologies
What You Should Know: - Today, Intelerad, a leading global provider of enterprise medical imaging solutions, announced its acquisition of PenRad, a software provider for enhancing productivity for breast imaging and lung screening. - The acquisition expands Intelerad’s product offerings for mammography and lung analytics, ensuring radiologists, technologists and other healthcare professionals can drive greater productivity and meet higher oncology screening demand, while improving patient
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A Glimpse of the Holy Grail for Healthcare Cost Transparency
Imagine being told which car or computer you must buy and just forking over whatever it costs. Even if you might only be paying a portion of it, would you simply get out the checkbook? For decades American consumers have been writing blank checks for healthcare. Given that healthcare costs and consumers’ share of them continue to climb, we’ve all longed for the ability to see all options for medical procedures and prescriptions covered by our health plan and to choose the lowest-cost,
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