A century ago, X-rays transformed medicine forever. For the first time, doctors could see inside the human body, without invasive surgeries. The technology was so revolutionary that in the last 100 years, radiology departments have become a staple of modern hospitals, routinely used across medical disciplines. Today, new technology is once again radically reshaping medicine: artificial intelligence (AI). Like the X-ray before it, AI gives clinicians the ability to see the unseen and has
Read More
GE Healthcare Unveils First X-Ray AI Algorithm to Assess ETT Placement for COVID-19 Patients
What You Should Know: - GE Healthcare announced a new artificial intelligence
(AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a
necessary and important step when ventilating critically ill COVID-19 patients. - The AI solution is one of five included in GE Healthcare’s Critical Care Suite 2.0, an industry-first collection of AI algorithms embedded on a mobile x-ray device for automated measurements, case prioritization, and quality control. GE Healthcare
Read More
RADLogics Secures FDA Clearance for AI-Powered Chest X-Ray App for Triage & Prioritization
What You Should Know: - RADLogics today announced that it has secured
510(k) clearance from the FDA for the company’s novel AI-Powered chest X-ray pneumothorax application,
which identifies and prioritizes chest X-ray scans that appear
to contain a pneumothorax, a collapsed lung, for urgent radiologist review. - RADLogics’ FDA cleared CT and X-ray solutions
– including this application – are
Read More
Radiology Partners Acquires MEDNAX Radiology Solutions for $885M
What You Should Know: - Radiology Partners acquires MEDNAX Radiology Solutions,
a division of MEDNAX, Inc. for $885M in cash. - The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field. Radiology Partners
(RP),a radiology practice in the U.S., announced a definitive agreement to acquire
MEDNAX Radiology Solutions, a division
Read More
Change Healthcare Launches New AI Model to Extract Diagnostic Data from EHRs for Case Management
What You Should Know: - Change Healthcare launches a new artificial intelligence model that automatically extracts diagnostic data from clinical notes to increase the efficiency of automated medical necessity reviews by over 20%. - The new Change Healthcare AI models are trained using
clinical data and are honed by expert physicians. Change Healthcare unveils new innovative new Artificial Intelligence models, trained by expert physicians, which extract meaningful diagnostic
Read More
M&A Analysis: Mednax to Sell its Radiology and Teleradiology Business
Earlier this month saw Mednax announce significant plans to transform its business. Mednax intends to: - Sell its Mednax Radiology Solutions business, which includes its radiology groups and the teleradiology market leader Virtual Radiologic (vRad). - Reposition itself as a dedicated pediatrics and obstetrics business, including a return to its original company name, Pediatrix Medical Group. Mednax made its entrance into the radiology business following the $500m acquisition of vRad in
Read More
RADLogics Brings AI-Powered COVID-19 Apps for CT & X-rays to U.S. Market
What You Should Know: RADLogics has signed an agreement with Nuance to
officially bring its novel COVID-19 solutions for CT and X-ray to the U.S.
market. The new agreement that will expand access to RADLogics’
medical imaging applications designed to assist in the detection and
quantification of findings associated of COVID-19 patients in the U.S. through
Nuance’s AI Marketplace for Diagnostic Imaging – a cloud-based platform that
has broad reach to U.S. radiologists across more than
Read More
Coronavirus: 3 Best Practices for Patient Communication & Prevention
For most providers across the country, the need to communicate easily, seamlessly and digitally with patients is growing exponentially. To be most effective and ensure the widest reach, as providers, there are a few best practices you should be following: Educate, identify and treat broadly. Educate With the novel coronavirus spreading quickly across the U.S., the need for accurate information is growing just as rapidly. Providers have to communicate to all patients in a given
Read More
TeraRecon Acquired by SymphonyAI: What is the Impact for Medical Imaging Market?
On the 4th March 2020, TeraRecon announced it had signed an agreement to be acquired by the SymphonyAI Group. Here are the facts of the deal, followed by our take on the potential impact on the medical imaging market: - The terms of the deal were not disclosed and TeraRecon will continue to operate business as usual. However, it will benefit from greater financial backing and the synergistic technologies from other companies in the Group’s portfolio. - TeraRecon is an Advanced
Read More
Hg Takes Majority Holding in Intelerad: 3 Major Implications to Know
- On 23rd Jan 2020, Hg Capital announced it had agreed to acquire a majority stake in imaging IT software vendor Intelerad Medical Systems from previous majority stake owners Novacap. - The founders, management and employee shareholders at Intelerad will be reinvested, with Novacap remaining as a minority shareholder. - The company has undergone significant growth in the last four years, announcing a USD75m R&D program in 2019 and acquiring imaging IT workflow specialist Clario Medical
Read More
