StatRad nabs $13M investment for cloud-based image-sharing tech

Brain imaging

Medical image management company StatRad announced a $13 million equity investment from a “strategic institutional partner.” It will use the funding to drive development of a cloud-based platform to securely view, share and store medical images.

“[The funding] will enable us to accelerate the expansion of our platform and the development of additional applications for the medical imaging markets while remaining debt free,” said StatRad CEO Vishal Verma, in a statement.

“Healthcare providers need rapid access to medical images regardless of their location or the device they use, and we have a novel approach to making that happen... Our imaging platform is built with speed, scalability and security as its critical ingredients, and it has the potential to revolutionize radiology and advance patient care globally,” Verma added.

San Diego-based StatRad’s tech may be used after hours, which can boost patient outcomes and lower costs, the company said in the statement. Its web-based RadConnect platform provides patients, physicians and health systems a secure and cost-effective way to share radiology images and reports. This cuts down on duplicate imaging and examinations and eliminates the need for CDs as a physical means to share images.

But StatRad isn’t stopping at radiology. According to the company, its platform can also help healthcare companies, such as devicemakers and image analysis specialists, to integrate medical images into their software.

Other companies working in the cloud include GE Healthcare, which launched four cloud-based image analysis apps late last year. The apps focus on image postprocessing, collaborative care planning for radiologists and pathologists, image and report sharing and storing and analyzing patients’ imaging data over time.

- here's the statement

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