MDW

Imaging centers Radiologists Teleradiology/Radiology Groups AI companies

There are 6,500 imaging facilities in the United States, where diagnostic imaging is conducted each year. Last year over 700+ million radiologic studies were conducted, and the number is growing each year at about 6-12%. MDW will provide a convenient access to a large selection of reading radiologists which will perform work on demand at below current market rates. Additional benefits are; monetizing de-identified imaging data, and store studies at no cost.

Add many new subspecialists to improve report TAT and quality

Decrease professional costs and become more profitable

Streamline specialist credentialing

Unlimited image storage

Tap into additional revenue streams by selling your anonymized data to AI companies

Invest by purchasing growth tokens (cryptocurrency)

Radiologists have access to large volume of work on-demand and get paid for it immediately at the conclusion of their reports ("cash now" concept). Additionally, reading radiologists have the ability to contract on a fractional pay as you go basis and perform draft and preliminary interpretations, cutting time required to complete the report. Additional benefits are; make extra revenue by annotating imaging data for AI companies, and participate in crowd reading.

Get paid immediately after each case

Obtain additional work that you enjoy 24/7/365 on-demand

Outsource any cases that you don’t want to read to radiology marketplace

Invest by converting your earning from interpretations into growth tokens

Tap into additional revenue streams by creating annotations for new AI algorithms

Tap into almost unlimited pool of subspecialists

Broker connections between Imaging facilities and credentialed specialists

Accelerate growth and profitability during challenging times of specialist shortage

Invest by seamlessly converting reading credits into growth tokens

Get access to the data and radiologists. Building state of the art algorithms in machine learning, aiming to assist doctors in quickly identifying anomalies and improving their workflow, requires large data sets. Today, such datasets are not readily available, and companies spend a lot of time and resources to acquire it. MDW will provide them a one stop shop for such data and talent to crowdsource analytics and custom requests.

Access a thriving marketplace of Radiologist

Gain access to hard to find diagnostic imaging data

Tap into large pool of specialists to create annotations

Accelerate development of diagnostic algorithms

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 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.

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

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.