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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vRad
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
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How NLP Is Unlocking Data Driven Insights for Radiologists
This post is sponsored by SyTrue When healthcare executives gather these days, discussion quickly turns to growing data volumes, ways to extract patient data across the spectrum of care, and tools for gaining insights from data. These familiar issues are driven by new “value-based” (versus “volume-focused”) shifts launched throughout healthcare in the past decade. For radiology executives, the “value-based” environment also breeds pressures from falling reimbursements. To change
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