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USARAD Holdings, Inc. Including Its SecondOpinions.Com® Division Makes History By Obtaining Blockchain Based Radiology Interpretations Via Cryptocurrency
Date:11/5/2018

USARAD Holdings Inc., the leading US Joint Commission Accredited radiology and telemedicine company backed by Siemens Healthineers and several healthcare VC firms announces at Distributed Health 2018 conference November 5-6 (Nashville, TN) implementation of blockchain based radiology solution and making a history by purchasing tokens and obtaining its first radiology interpretations, one of the first known true use of blockchain and cryptocurrency in healthcare ecosystem.
In March, 2018 USARAD announced its collaboration with MDW.io, a diagnostic imaging marketplace powered by patent-pending algorithms based on Ethereum blockchain technology. This revolutionary platform which went live as a closed Beta in September of 2018 serves as a marketplace to facilitate exchange between imaging facilities, individual providers, teleradiology groups, AI companies and other stakeholders. The platform houses a unique combination of features which together interplay to deliver an unprecedented solution to industry problems - including secure payment system to immediately settle transactions utilizing smart contracts, unique PACS/RIS agnostic teleradiology widget combined with image sharing/VNA and anonymization tools.

USARAD has experienced continued growth in 2018 and by integrating with a blockchain based platform is now able to further position itself for success in the years to come. USARAD’s customers which include 100s of imaging centers and hospitals throughout US and worldwide, as well as radiologists, gain numerous advantages by integrating with MDW blockchain platform. Through partnership with MDW USARAD’s existing radiologists are now able to get paid at the conclusion of each and every interpretation and can receive payment on demand. Additionally, USARAD is now able to tap into almost unlimited pool of radiologists and further accelerate its unprecedented growth and profitability during challenging times of radiologist shortage.
MDW seamlessly integrated with USARAD IT solution, allowing USARAD to continue using existing platform and share images and access the radiology marketplace. One of the unique new features which MDW will roll-out shortly to further assure quality is crowd-reading which allows multiple radiologists to provide feedback on the same imaging study utilizing MDW proprietary blockchain protocols. Furthermore, USARAD, its radiologists and imaging facilities are already able to take advantage of image storage and sharing features which serve as a bridge to work closely with AI companies tapping into MDW marketplace as a great resource for imaging data together with radiologist crowd to create and validate new algorithms. The platform also facilitates AI-augmented interpretations serving as a clearing house for AI companies to allow imaging facilities and radiologists to take advantage of growing number of FDA approved AI algorithms.
“By integrating USARAD with MDW, I am excited to become the first radiologist to get paid in digital currency immediately after interpreting imaging studies. MDW platform is live and one of the first known blockchain use cases in healthcare today.” said Michael Yuz, MD MBA, CEO and Chief Radiologist of USARAD. He added: “There is a current global radiologist shortage which is becoming a crisis with resultant serious issues with report TATs as well as quality. MDW.io clearly resolves these challenges and empowers the company like USARAD whose main mission is to improve the quality of patient care as well as decrease healthcare costs, while expanding services worldwide.”Michael Averbach, CEO and Co-Founder of MDW.io added: “There is a fundamental paradigm shift that is occurring in front of our eyes. We are not building another blockchain project in search of a business model; instead we are leveraging blockchain technology to deliver substance to various stakeholders in the existing and highly transactional business model of radiology. There is no doubt that blockchain technology will revolutionize healthcare in a profound fashion and we are proud to be at the forefront of this movement contribute to this revolution."

About us:
About USARAD Holding Inc. including SecondOpinions.com®
USARAD Holdings, Inc. is a global telemedicine company consisting of two operating divisions – USARAD and SecondOpinions.com®. USARAD is a radiology services provider offering interpretations of a full range of sub-specialty and general radiology patient studies. With an existing advanced technology network connecting medical facilities to board-certified radiologists and support staff, USARAD offers radiology services in all 50 states as well as more than 15 countries. Via its unique Radiology-On-Demand® platform, USARAD is committed to providing timely and responsive image review 24/7. SecondOpinions.com® is a medical consultation and second opinions leader providing health care customers, physicians and consumers with expert opinions from all medical specialties and sub-specialties. SecondOpinions.com®, which currently conducts business in more than 80 countries, also contracts with insurance companies, corporations, and medical centers of excellence. USARAD is backed by Siemens Healthineers, Omphalos Venture Partners and Excelerate Health Ventures. For more information please visit http://www.usarad.com and http://www.secondopinions.com or email info@usarad.com. Please also visit us at RSNA Booth 3972, South Hall conference, Chicago IL.
About MDW.io:
Medical diagnostic web (MDW.io) is first of its kind decentralized autonomous organization operating Blockchain based platform which utilizes smart-contract to facilitate complex B2B and consumer transactions between various stakeholders in radiology field. MDW.io designed to facilitate remote medical diagnostic consultations including radiologic and multispecialty second opinions, peer reviews, primary and preliminary teleradiology interpretations as well as synchronous and asynchronous telemedicine visits. MDW puts patients in forefront of their diagnostic health records by allowing patients and their diagnostic providers to upload findings in a secure, anonymized manner to be further evaluated by the community. For more information please visit http://mdw.io or email: mja@mdw.io. Please also visit us at RSNA Booth 3973, South Hall conference, Chicago IL

Read the full story at https://www.prweb.com/releases/usarad_holdings_inc_including_its_secondopinions_com_division_makes_history_by_obtaining_blockchain_based_radiology_interpretations_via_cryptocurrency/prweb15892366.htm.


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