Agreement expands co-development of artificial intelligence models for automated identification of bone fractures on X-ray diagnostic exams.
Bone fractures are a costly public health issue around the world, and a major burden to individuals, families, societies, and healthcare systems. In the United States, an estimated 3.5 million fractures occur annually. The total direct medical costs for one hip fracture amount to more than $53,000 over the first 12 months.
vRad and Radiobotics have been collaborating since 2020 to help ease this burden. Radiobotics develops AI models that can support timely and accurate diagnosis of fracture cases across the skeleton. This new phase represents a key milestone in the partnership, further enhancing Radiobotics’ capabilities in quickly developing and validating high quality algorithms within musculoskeletal radiology and vRad’s expansive national dataset. These tools, intended for use among vRad’s existing network of 500 radiologists will aim to offer the highest standard in clinical X-ray diagnostics.
”Combining vRad’s extensive experience using AI for practical applications in radiology with Radiobotics’ expertise in software development focused on musculoskeletal radiology, will allow us to deploy these important tools more quickly for the benefit of our clients and patients,” said Imad Nijim, vRad Chief Information Officer.
”Fractures can lead to a patient’s work absence, decreased productivity and disability, as well as high healthcare costs,” said Stine Mølgaard Sørensen, co-founder and President of Radiobotics Inc.” For Radiobotics it is important to address this serious issue. We are very proud to announce this extended partnership with vRad. It builds on our current relationship and on Radiobotics’ mission to develop clinically-validated algorithms for X-ray diagnostics covering 70-percent of the skeleton.”
Radiobotics is one of many AI developers to join forces with vRad in their continuous journey to revolutionize radiologist workflow and other practical AI applications.
vRad is the nation’s leading teleradiology practice with 500+ U.S. board-certified or eligible physicians, the majority of whom are subspecialty trained. Our practice delivers high-quality diagnostic imaging services to more than 2,100 facilities and radiology groups across the United States. vRad has 23 issued patents for telemedicine and radiology technologies; and is a leading innovator in the areas of artificial intelligence, machine learning, imaging data analytics, and software to improve the quality of patient care, value for our clients, and the experience of our physicians. www.vrad.com
Radiobotics is a Danish, award-winning health tech company with a vision to automate the analysis and description of routine medical X-ray images at hospitals, with a focus on musculoskeletal radiology (MSK). Based on advanced computer vision and state-of-the-art machine learning methods, Radiobotics’ algorithms generate fully automated text reports with objective findings and conclusions, including visual overlays, to enhance consistency and make it faster and easier to make readings on routine medical X-ray images.
Radiobotics develops scientifically and clinically validated algorithms based on deep clinical understanding. The technology is designed and developed in close collaboration with clinicians to address their needs and requirements from the start. www.radiobotics.com