November 01, 2021 — Copenhagen, Denmark — Virtual Radiologic (vRad), the leading US teleradiology practice, announced today it has extended its partnership with Radiobotics to develop a full suite of software algorithms to enhance the speed and accuracy of bone fracture X-ray studies.
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,”
says 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,”
says Stine Mølgaard Sørensen, co-founder and President of Radiobotics.
“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.”
About vRad:
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.
About Radiobotics:
Founded in 2017, Radiobotics is an award-winning MedTech company dedicated to advancing musculoskeletal (MSK) radiology with AI-powered solutions. Radiobotics’ flagship solution, RBfracture™, is designed to support Emergency and Radiology with highly accurate detection of trauma-related findings, including fractures, dislocations, lipohemarthrosis, and effusions.
Radiobotics’ commitment to delivering precise, expert-level care in MSK imaging 24/7, regardless of time, infrastructure, or staffing constraints, has been recognized in the industry with numerous accolades, including Best New Radiology Vendor at the EuroMinnies 2022, a nomination for Digital Europe’s Future Unicorn Award in 2021, and a 2020 EIC Accelerator grant.
Media contact:
Elyse Sims
Head of Marketing, Radiobotics
