iCAD and Windsong Radiology Announce Strategic Industrial


NASHUA, N.H. and WILLIAMSVILLE, N.Y. and RALEIGH, N.C., July 29, 2024 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD) a world chief in clinically confirmed AI-powered most cancers detection options, as we speak introduced a strategic settlement with Windsong Radiology Group, considered one of US Radiology Specialists, Inc.’s nationwide community of premier suppliers of diagnostic imaging companies positioned in Western New York. This relationship goals to implement iCAD’s ProFound AI Breast Well being at Windsong Radiology heart places.

The ProFound AI Breast Well being Suite makes use of synthetic intelligence to enhance the accuracy and effectivity of mammography readings, thereby decreasing false positives and pointless biopsies. This expertise helps to enhance radiologists by offering a concurrent learn of screening and diagnostic mammograms, usually enhancing early detection of breast most cancers.

“We’re thrilled to collaborate with US Radiology to deliver our superior AI-powered mammography options to a broader affected person base,” mentioned Dana Brown, CEO of iCAD, Inc. “This settlement aligns with our mission to create a world the place most cancers can’t cover and be sure that all sufferers have entry to AI’s capabilities to detect most cancers earlier.”

As a frontrunner in girls’s imaging, Windsong Radiology is setting the usual by adopting the most recent developments in imaging expertise. “Our observe is devoted to scientific excellence for our sufferers. We’re dedicated to bringing in new improvements that proceed to additional improve our radiology experience and choices’” mentioned Dr. Raja Cheruvu, President at Windsong Radiology. “We’re excited to supply iCAD’s breast AI options to our neighborhood, a expertise to stay on the forefront of breast most cancers detection and remedy.”

US Radiology shares this dedication to leveraging cutting-edge expertise to offer world-class radiology companies throughout its greater than 175 outpatient imaging facilities that span 13 states. “Integrating iCAD’s ProFound AI Breast Well being Suite into our screening companies represents a major step ahead in our ongoing efforts to supply the very best high quality imaging companies,” mentioned Gerry Lewis, Chief Info Officer of US Radiology Specialists. “This collaboration with iCAD underscores our dedication to using next-generation expertise to reinforce affected person centered outcomes.”

This strategic business settlement represents an development in breast most cancers detection and affected person care to advance the usual of care for ladies.

ProFound Breast Well being Suite

iCAD’s ProFound Breast Well being Suite consists of options for most cancers detection, danger analysis and breast density evaluation. ProFound AI for DBT improved radiologist sensitivity by 8% and lowered pointless affected person recall charges by 7.2%.[i] The ProFound Danger[ii] platform has a confirmed observe file of predicting the danger of breast most cancers 2.4x extra precisely within the subsequent yr than conventional lifetime danger fashions.[iii],[iv] iCAD’s ProFound Density Evaluation makes use of mammography photographs to categorize breast density, resulting in personalised affected person care plans with supplemental screenings and a customized schedule.

About US Radiology Specialists, Inc.

US Radiology is without doubt one of the nation’s premier suppliers of diagnostic imaging companies. With over 5,000 workforce members and greater than 175 outpatient imaging facilities throughout 13 states, our workforce conducts greater than 8 million research yearly. Our partnership of main subspecialized radiology teams, high-quality imaging facilities, and joint ventures with high well being techniques is constructed round a dedication to best-in-class scientific excellence, operations, infrastructure, and state-of-the-art expertise.

About Windsong Radiology

Windsong Radiology is a complete healthcare useful resource for Western New York, providing diagnostic imaging, breast imaging, breast surgical procedure, radiology, vein care and genetic counseling. Windsong was the primary breast care program within the area to attain accreditation by the Nationwide Accreditation Program for Breast Facilities with a aim of aiding newly identified breast most cancers sufferers by means of early detection and fast prognosis and session, and on to forefront remedy choices and a survivorship program. Since 2017, Windsong has operated Windsong Cell Mammo, offering on-site screenings throughout the eight counties of Western New York. With places of work in Amherst, Lancaster, Williamsville, Snyder, West Seneca and Hamburg, Windsong gives the prime quality care that sufferers and healthcare suppliers belief that’s handy, cost-effective. Study extra at WindsongWNY.com.

About iCAD, Inc.

iCAD, Inc. (NASDAQ: ICAD) is a world chief on a mission to create a world the place most cancers can’t cover by offering clinically confirmed AI-powered options that allow medical suppliers to precisely and reliably detect most cancers earlier and enhance affected person outcomes. Headquartered in Nashua, N.H., iCAD’s industry-leading ProFound Breast Well being Suite gives AI-powered mammography evaluation for breast most cancers detection, density evaluation and danger analysis. Utilized by hundreds of suppliers serving tens of millions of sufferers, ProFound is accessible in over 50 nations. Within the final 5 years alone, iCAD estimates studying greater than 40 million mammograms worldwide, with almost 30% being tomosynthesis.  For extra data, together with the most recent in regulatory clearances, please go to www.icadmed.com.

Ahead-Trying Statements

Sure statements contained on this Information Launch represent “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995, together with statements concerning the enlargement of entry to the Firm’s merchandise, enchancment of efficiency, acceleration of adoption, anticipated advantages of ProFound AI®, the advantages of the Firm’s merchandise, and future prospects for the Firm’s expertise platforms and merchandise. Such forward-looking statements contain a lot of identified and unknown dangers, uncertainties, and different components that will trigger the precise outcomes, efficiency, or achievements of the Firm to be materially completely different from any future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. Such components embrace, however aren’t restricted, to the Firm’s potential to attain enterprise and strategic aims, the willingness of sufferers to bear mammography screening in mild of dangers of potential publicity to Covid-19, whether or not mammography screening shall be handled as a vital process, whether or not ProFound AI will enhance studying effectivity, enhance specificity and sensitivity, cut back false positives and in any other case show to be extra helpful for sufferers and clinicians, the affect of provide and manufacturing constraints or difficulties on our potential to satisfy our orders, uncertainty of future gross sales ranges, to defend itself in litigation issues, safety of patents and different proprietary rights, product market acceptance, doable technological obsolescence of merchandise, elevated competitors, authorities regulation, adjustments in Medicare or different reimbursement insurance policies, dangers regarding our present and future debt obligations, aggressive components, the results of a decline within the economic system or markets served by the Firm; and different dangers detailed within the Firm’s filings with the Securities and Change Fee. The phrases “consider,” “reveal,” “intend,” “anticipate,” “estimate,” “will,” “proceed,” “anticipate,” “doubtless,” “search,” and comparable expressions establish forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date the assertion was made. The Firm is beneath no obligation to offer any updates to any data contained on this launch. For extra disclosure concerning these and different dangers confronted by iCAD, please see the disclosure contained in our public filings with the Securities and Change Fee, obtainable on the Buyers part of our web site at http://www.icadmed.com and on the SEC’s web site at http://www.sec.gov.

CONTACTS

iCAD Media Inquiries: pr@icadmed.com 

iCAD Investor Inquiries: ir@icadmed.com

US Radiology Specialists: Chris.Core@usradiology.com

Windsong Radiologymvasko@windsongwny.com

[i] Conant, E. et al. (2019). Enhancing Accuracy and Effectivity with Concurrent Use of Synthetic Intelligence for Digital Breast Tomosynthesis. Radiology: Synthetic Intelligence.
[ii] ProFound Danger is CE Marked, Well being Canada Licensed. Might not be obtainable in all geographies.
[iii] Mikael Eriksson et al. A danger mannequin for digital breast tomosynthesis to foretell breast most cancers and information scientific care. Sci. Transl. Med. 14, eabn3971 (2022). DOI: 10.1126/scitranslmed.abn3971
[iv] Eriksson M, Czene Ok, Strand F, Zackrisson S, Lindholm P, Lång Ok, Förnvik D, Sartor H, Mavaddat N, Easton D, Corridor P. Identification of Girls at Excessive Danger of Breast Most cancers Who Want Supplemental Screening. Radiology. 2020 Nov;297(2):327-333. doi: 10.1148/radiol.2020201620. Epub 2020 Sep 8. PMID: 32897160.

Hot Topics

Related Articles