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Thrive in an increasingly competitive business environment with the MDW platform. Did you know that today in the U.S. 6,500 imaging facilities conduct more than 700 million radiologic studies annually? Estimates are that the number is growing at about 6 to 12% each year. This presents imaging facilities with a tremendous challenge. MDW provides convenient access to a large selection of highly qualified radiologists who deliver expert general and sub-specialty interpretations on demand at competitive market rates. Facilities can reap additional benefits by monetizing their de-identified imaging data.

Make Our Experienced Team Part of Your Team:

Add new subspecialists to broaden the scope of your practice and ensure quality reads
Tap into additional revenue streams by selling your anonymized data to artificial intelligence (AI) vendors
Decrease expenses for in-house radiology professionals and see profits soar
Improve report turn-around-time (TAT) and referrer satisfaction
Streamline specialist credentialing
Register

Enjoy unprecedented opportunities to build your income through access to a virtually unlimited volume of images for on-demand reading through the MDW marketplace. Once your report is accepted, compensation is immediate for each case at your agreed upon rate...an industry first. Deliver final general or sub-specialty reads. Or, if desired, take advantage of the freedom and flexibility of contracting for fractional, pay-as-you-go services for draft and preliminary interpretations, paring down time-to-completion and payment. In addition, enjoy opportunities for new revenues by annotating imaging data for AI companies and by participating in crowdsourced reading.

Harness the Unprecedented MDW Benefits:

Unlimited on-demand opportunities for radiology work you enjoy...24/7/365
Receive immediate compensation for each read through our unique Cash Now payment program
Leverage the MDW radiology marketplace to outsource any case desired
Tap into new revenue streams by creating annotations for vendor artificial intelligence (AI) algorithms
Register

Stay ahead of the curve and thrive in today's evolving medical imaging marketplace. Contract with an ever-expanding team of highly qualified radiologists as needed to lower costs, improve cash flow, add subspecialist services, speed turn-around-time (TAT), decrease errors, improve customer service...and much more.

Excel in a Competitive Marketplace:

Tap into almost unlimited pool of subspecialists
Broker connections between imaging facilities and credentialed specialists
Accelerate growth and profitability during today's challenging radiologist shortage
Register

Access the talent, technology and imaging data you need to excel in the emerging, lucrative and competitive AI marketplace. MDW provides a streamlined route to all the resources needed to build state-of-the-art machine learning algorithms to assist radiologists in confidently identifying anomalies and improving their workflow. The widely used MDW platform amasses and delivers large, specialized datasets not readily available to AI developers as well as opportunities for crowdsourcing analytics and custom requests.

Go to Market with Greater Speed and Confidence:

Access difficult-to-obtain diagnostic imaging data
Go to market ahead of the competition
Tap into a large pool of specialists to create annotations
Register

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

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

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

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

The increasing pressure from referring physicians and hospitals to step up exam TAT diminishes working conditions and contributes to a nationwide shortage of radiologists.

Worldwide population growth, an aging population, improved standards of living, as well as the diversification and broader availability of diagnostic imaging services are all contributing to an exponential growth in the need for image interpretation.

Last year more than 700 million radiologic studies were conducted in the U.S. 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.

Currently, the U.S. is experiencing an acute shortage of radiology subspecialists and evening service providers, although there are about 34,000 radiologists or 1 for every 9,400 Americans overall. However, internationally a growing radiologist shortage is reaching crisis proportions.

Multiple Artificial Intelligence (AI) companies are entering the marketplace with the goal of creating algorithms to help physicians become more efficient. However, their efforts are hindered by a 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 reading quality improvement

High cost of radiology staffing

Frequent exam duplication

Lack of IT interoperability

Lack of access to the benefits of AI

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

Access to a large radiology marketplace

Streamlined image sharing through blockchain technology

Access to prior exams as needed

Readily accessible AI tools to streamline image analysis and reporting

Subspecialist availability as needed

Crowd reading to improve final outcomes

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 will significantly enhance data communications, workflow efficiencies and business volume by joining the MDW platform. Patients benefit through a simple, secure and anonymous path for second opinions and crowd-sourced readings of exams. With its global diagnostic information repository, MDW breaks data silos and allows physicians to collaborate to solve genuine, pressing 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

MDW in the news

Industry Dynamics

MDW Fills Major and Growing Needs

  • Mature, yet quickly expanding industry: over 2 billion transactions take place in radiology alone
  • Increased imaging complexity requires subspecialty radiologists, adding to the global shortage of qualified image interpretations
  • Healthcare consumerization is underway with a CMS push for patient-accessible data
  • HIPPA-compliant image sharing among care providers is an important priority
  • Development and wider adoption of AI based solutions is hindered by a shortage of high quality data sets and specialist involvement
  • While currently less than 10% of all studies are interpreted by teleradiologists, the need for contract teleradiologists is expected to increase significantly in near future
  • Patient and provider imaging data is siloed across multiple proprietary PACS, related IT systems - and even file cabinets - making access to and transparency of patient data a major problem

Clients

Founders

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, MD - Chief Medical Strategist

Michael Yuz, MD Chief Medical Strategist

Michael is a seasoned executive, serial entrepreneur and investor with over 25 years in the high-tech industry and a proven record of building, running and selling technology businesses. He founded a series of successful companies, beginning in 1992 with Ectaco, Inc., a leader in handheld linguistic reference devices. In 2000, he founded MobiDealer, a developer of distributed ERP solutions and successfully sold it to a major customer. In 2002, he co-founded DynoPlex and led it to become one of the largest independent software vendors for the BlackBerry platform. In 2008, sold it to Quickoffice, and in 2012 the combined company was sold to Google. Following this, he co-founded iDealMachine an early stage venture fund and startup accelerator focusing on investing and helping to build cutting edge technology companies. In 2015, he assumed an executive position with one of the portfolio companies, Universal Software, a cloud based ERP solution for the imaging and teleradiology industry.

Sergey is a serial entrepreneur, technology executive and visionary with over 30 years of experience building successful businesses in mobile apps, healthcare services and enterprise software. He founded a pioneering mobile platform startup in 90s, helped raise over $40MM in venture funding and grew the company to a staff of more than 200. He also created one of the largest BlackBerry ISV companies without outside investment and sold it to Quickoffice. Later, the resulting combined technology offering was sold to Google and incorporated into Google Drive. Recently, Sergey served as an advisor to several companies in the blockchain and cryptocurrency space. Sergey graduated magna cum laude from Hebrew University in Jerusalem.

Edward is a seasoned leader with over ten years of experience successfully conceptualizing, building and commercializing solutions in a variety of industries, with emphasis on healthcare and software. Mr. Kantor launched his career in 2006 as the founder and CEO of a highly regarded portable diagnostic equipment company servicing over 200 clinics in the Greater New York area. In 2012, he founded Universal Software Corp. EMSOW, a cloud ERP solution for the imaging and teleradiology industry was its flagship product. Edward holds a BA degree from Bernard Baruch College.

Alex is an expert in healthcare virtualization technologies with extensive leadership experience in healthcare IT infrastructure. He has over 20 years of experience as a systems managing administrator and information technology executive in the international banking and medical fields. Since 2002, Alex has worked exclusively in executive positions in medical imaging/radiology and healthcare IT. He graduated from St. Petersburg State University of Information Technologies, Mechanics and Optics (University ITMO), the world's leading IT/technology university, where he earned also earned an MS degree, cum laude.

Michael is a physician, serial entrepreneur and techno geek who founded USARAD Holdings Inc. (including the SecondOpinions.com division), backed by Siemens Healthineers, vRad founders and other investors. Michael is double boarded diagnostic radiologist trained at preeminent institutions including New York University and Thomas Jefferson. He also has extensive training and experience in multiple advanced modalities, including MRI and cardiac CT. He received an MD degree from SUNY Brooklyn and an executive MBA degree in healthcare from George Washington University.

ADVISORS

Natalia Levina - PhD

Natalia Levina PhD

Randy Parker - Telemedicine and Telehealth Advisor

Randy Parker Telemedicine and Telehealth Advisor

Algis K. Augustine - JD, Healthcare Regulatory Compliance

Algis K. Augustine JD, Healthcare Regulatory Compliance

Dr Aldo Ruffolo - DO, MBA

Dr. Aldo Ruffolo, DO MBA Advisor, Healthcare Mergers and Acquisitions

Maxim M. Seltzer - Finance and Investment Advisor

Maxim M. Seltzer, CFA Finance and Investment Advisor

Founder of MDLIVE Inc. 30+ years of experience launching and building successful, disruptive companies. Significant relationships at the highest levels with a broad range of the country's premier health organizations. Prior to MDLIVE, he served as CEO of several other companies, including Flexplay Technologies, Clear-Vu Products, and Entertainment Resource. Degrees of Business and Public Administration from New York University.

Former Chief Regulatory Attorney for the Illinois Department of Registration and Education. Represented over thousand healthcare practices and medical groups in various governmental, regulatory and medical compliance matters in over 30 US states. Nationally recognized speaker on licensing as well as regulatory and professional disciplinary matters.
Graduated from University of Illinois, College of Law, J.D.; University of Notre Dame, B.A.

Dr. Ruffolo is providing high-performance strategic leadership in the medical/healthcare industry with a national footprint for almost 20 years. Presently Vice President Of Business Development, Mergers and Acquisition and Clinical Integration, Envision Healthcare. Diagnostic Radiologist and serial entrepreneur. Residency in Diagnostic Radiology at Michigan State University. MBA at Northwestern University, Kellogg School of Management.

Maxim serves as a Senior Advisor to Fraser Finance LLP - a technology M&A boutique headquartered in London. Maxim is a banker with over 25 years of experience in direct investments, M&A, capital markets and financing transactions. Maxim has advised private and state-owned companies on capital raising and direct investments and sat on the boards of technology and media companies. Maxim is a CFA Charter Holder and has an IMBA degree from the Schulich Business School (Canada).

TEAM

Team Leader Team Leader
Product Owner Product Owner
Full-stack developer Full-stack developer
Full-stack developer Full-stack developer
Support / QA Support / QA
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