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Approximately 700 million exams are performed annually in the U.S. alone. Globally, radiology market is worth more than $20 Billion annually.

Radiology procedures are spread out among 6,600 imaging centers and 5,500 hospitals.

A shortage of radiologists contributes to an increase in diagnostic medical errors and longer wait time for diagnostic reports.

Imaging facilities are struggling to sustain high professional cost associated with maintaining staff radiologists, which boosts the demand for teleradiology services.

The increasing pressure from referring physicians and hospitals to step up exam turn-around-time contributes to a nationwide shortage of radiologists who want better work conditions.

Increasing population, improved standards of living around the world and broader availability of diagnostic imaging are contributing to exponential growth in imaging volume.

Last year over 700+ million radiologic studies were conducted in the USA and over 2 Billion globally. These studies including MRI, CT, Ultrasound, X-ray, Mammography and PET/CT serve as the foundation for diagnosing various medical conditions and illnesses.

There are about 34,000 Radiologists in the US, 1 for every 9,400 Americans, and this is a good ratio. However, there is an acute shortage of Radiologists after hours as well as subspecialists. Many other countries in the world are also facing and outright crisis with Radiologist availability.

Multiple Artificial Intelligence companies are entering the market space with the goal of creating algorithms to help physicians become more efficient. However, their efforts are hindered by lack of large, properly anonymized data sets, HIPPA compliance issues and shortage of radiologists to work with these datasets.

Solution

The MDW platform cost-effectively harnesses the power of the medical imaging community to deliver image interpretation though blockchain technology. Patients, referring physicians, radiologists, cardiologists, other medical specialists, diagnostic facilities, hospitals, private and government payers, legal practices and more can order interpretation through credentialed platform participants.

MDW is strategically positioned to solve
key issues facing medical imaging today

ISSUES

Need for demonstrated quality improvement

High cost of radiology staffing

Frequent exam duplication

Lack of IT interoperability

Lack of access to the benefits of artificial intelligence

Escalating demand for subspecialty reading

Fragmentation of radiology service delivery

Lack of standardized radiology reporting

MDW white logo

MDW is strategically positioned to solve
key issues facing medical imaging today

SOLUTIONS

Crowd reading to improve the final outcome

Access to a large radiology marketplace

Streamlined image sharing through blockchain technology

Access to prior exams as needed

Readily accessible artificial intelligence tools to streamline image analysis and reporting

Subspecialist availability as needed

Radiology marketplace-driven efficiency

Standardized ACR structured reports

The MDW platform complements but does not replace existing PACS and other imaging technologies to support secure cross-enterprise data exchange and streamline financial transactions. Imaging centers, hospitals and radiologists joining the platform to will gain enhanced data communications abilities, workflow efficiencies and access to greater business volume. Patients can upload exams to the MDW platform anonymously and securely for second opinions and even crowd-sourced readings. By creating this global data repository of diagnostic information, MDW breaks data silos and allows physicians to collaborate to solve real problems in modern healthcare.

Doctor with medical display
Another doctor with medical display

Roadmap

Q4 2017

Official MDW formation

Q2 2018

Closed private round to fund development of MVP and legal structure

Q3 2018

MVP deployed, first pilots with select clients

Q4 2018

MDW platform under development, initial client onboarding

Q1 2019

General product availability.
Pilot projects. PR and marketing
push to support customer adoption

Industry Dynamics

MDW Fills Major and Growing Needs

MDW interface on the laptop screen
  • Mature, yet quickly expanding industry: over 2B/yr transactions in radiology alone
  • Increased imaging complexity requires subspecialty radiologists, which is adding to the global shortage of qualified radiologists
  • Healthcare consumerization underway with a CMS push for the patient-accessible data
  • HIPPA-compliant sharing of imaging data among care providers is an important priority
  • Accessing patient and physician data is a major issue due to lack of transparency and interoperability across legacy systems. These records are scattered across proprietary PACS systems - and even filing cabinets
  • Development and wider adoption of artificial intelligence based solutions is hindered by shortage of good data sets and specialists
  • Currently less than 10% of all studies are interpreted by teleradiologists. This percentage is expected to increase in the coming years.

Clients

Meet the team

Michael Averbach - CEO

Michael Averbach CEO

Sergey Fradkov - CTO

Sergey Fradkov CTO

Edward Kantor - COO

Edward Kantor COO

Alex Krakopolsky - CIO

Alex Krakopolsky CIO

Michael Yuz - Chief Medical Strategist

Michael Yuz Chief Medical Strategist

Team Leader Team Leader
Product Owner Product Owner
Full-stack developer Full-stack developer
Full-stack developer Full-stack developer
Full-stack developer Full-stack developer
Full-stack developer Full-stack developer
HTML developer HTML developer
Designer Designer
QA QA
QA QA
Vacancy
Vacancy
Vacancy
Vacancy
Vacancy

Contacts

MDW, LLC.
838 6th Avenue, 6 Floor
New York, NY 10001
Call: 855-MD-TOKEN