Artificial Intelligence

Artificial intelligence (AI) is becoming a crucial component of healthcare to help augment physicians and make them more efficient. In medical imaging, it is helping radiologists more efficiently manage PACS worklists, enable structured reporting, auto detect injuries and diseases, and to pull in relevant prior exams and patient data. In cardiology, AI is helping automate tasks and measurements on imaging and in reporting systems, guides novice echo users to improve imaging and accuracy, and can risk stratify patients. AI includes deep learning algorithms, machine learning, computer-aided detection (CAD) systems, and convolutional neural networks. 

Investors pour $5B into imaging AI, with average deal size tripling since 2020

There are now more than 200 independent medical imaging AI software vendors, with 73% of the funds concentrated among the top 25. 

May 23, 2023
Vanderbilt University Medical Center

Vanderbilt-Philips partnership; FDA clears brain MRI software; Visage scores $20M deal, plus more vendor news

Also, lung cancer-focused Leadoptik scores $5M in seed financing, Hyperfine earns $3M grant to extend research, and Intelerad supports new AAWR-RadEqual partnership. 

May 23, 2023
artificial intelligence money finance acquisition

Philips acquiring artificial intelligence firm DiA Imaging Analysis for nearly $100M

The Israel-headquartered firm specializes in AI-based ultrasound image examination, scoring its ninth U.S. FDA clearance in February. 

May 17, 2023
Rajesh Bhayana MD Toronto General Hospital in Toronto on ChatGPT passing radiology board.

Latest version of ChatGPT AI passes radiology board exam

However, GPT-4 confidently delivered incorrect or irrelevant answers on some questions, according to new research in Radiology. 

May 16, 2023
Imaging

Natural language processing helps increase follow-up imaging adherence, resulting in significant revenue

A new paper details how a team at the University of California utilized a hybrid system consisting of a quality coordinator and NLP software to bring in more than $60,000 in additional revenue from follow-up imaging alone.

May 15, 2023
An example of HeartFlow's new RoadMap Stenosis software that uses artificial intelligence (AI) to show areas of interest for possible stenting based on a patient's CT scan and FFR-CT. This software is still undergoing beta testing at several hospitals and will likely be rolled out commercially later in 2023.

Cardiology has embraced AI more than most other specialties

Cardiology is linked to the second largest group of FDA-cleared clinical AI algorithms, and the number is still growing. 

May 12, 2023
Marcelo DiCarli, MD, chief, division of nuclear medicine and molecular imaging, executive director for the cardiovascular imaging program, Brigham and Women's Hospital, discusses how artificial intelligence (AI) is impacting cardiac imaging.

What is the ROI for adopting AI in cardiac imaging?

Marcelo DiCarli, MD, and Rob Beanlands, MD, discussed the long-term value of investing in the development and implementation of AI technologies. 

May 11, 2023
profits revenue finance money

RadNet revising 2023 financial projections, adding capacity amid ‘heavy demand’ for imaging

PET/CT saw the biggest gains, up almost 21% year-over-year compared to Q1 of 2022, with the group collecting $390M in revenue (up 14%). 

May 9, 2023

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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