Healthcare Business Review Weekly Brief
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Artificial intelligence (AI) continues to be a transformative force in radiology, with generative AI methods anticipated to significantly streamline the workload. These advancements promise to summarize complex medical records, draft radiology reports directly from images and simplify the explanation of radiology reports to patients in understandable language. Such innovations aim to reduce radiologists’ workload and enhance patient care by providing radiologists more time to engage with their colleagues and patients.
From prioritizing abnormal scans to automatically detecting patterns indicative of disease, AI tools also help radiologists become more efficient, consistent and accurate. Many top radiology providers are now partnering with AI developers to integrate these technologies into their workflows.
Driven by these trends, the global radiology market is projected to reach $43.04 billion by 2029, accelerating at a CAGR of 6.2 percent percent globally.
This edition of Healthcare Business Review Canada delves into the latest developments in the radiology industry and how firms innovate and improve their offerings to enhance detection and patient care.
It features a thought leadership article from Jenn De Iuliis, Director of Diagnostic Imaging at Woodstock Hospital, who reflects on the importance of supportive, collaborative leadership in radiology, especially in guiding teams through complex changes and challenges while maintaining a focus on compassionate, patientcentered care. It also features an article from Emma Spellman, Associate Director Oncology, Diagnostics and Outpatients at The London Clinic, who emphasizes the importance of evolving strategies to ensure that they meet future oncology challenges.
This edition also brings you the story of the top radiology solutions and service providers in Canada in 2024; we hope you find the right partner to meet your organization’s needs.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
Humber River Health is one of Canada’s largest regional acute care hospitals that redefines healthcare, serving as a reliable hospital committed to patient safety. Its journey started as the first fully digital hospital in North America that harnesses the combination of technologies and clinical expertise to elevate care delivery and patient experiences.
As the largest sub-specialty academic diagnostic and interventional radiology (IR) group in British Columbia, Vancouver Imaging has woven the core principles of diversity, equity, and inclusion (DE&I) into its radiology practices long before these concepts became mainstream. This commitment isn’t just a feel-good platitude for the company; it’s been central to their mission, ‘to deliver excellent medical imaging-focused care to patients, regardless of location or background.’
Dr. Savvas Nicolaou, CEORegardless of the time, day, or holiday, our radiologists are available on-site 24/7/365, ready to deliver prompt care and make critical decisions during emergencies such as strokes, trauma, and cardiac events
Welcome Back Clinic Ltd specializes in providing MRI diagnostic imaging, surgical consultations and interventional pain management. The management team has built a profitable and sustainable business by using a state-of-the-art healthcare facility to provide best-in-class services to their clients nationwide.
Canada Diagnostic Centres (CDC) is a premier diagnostic imaging provider dedicated to Exceptional Patient Care. Offering a comprehensive range of services including MRI, CT, Ultrasound (2D/3D/4D), Mammography, Bone Densitometry, Fluoroscopy, and X-Ray, they ensure top-quality medical imaging solutions.
EFW Radiology offers complete diagnostic and interventional imaging services. Their subspecialized Radiologists and Perinatologists guide care by selecting the best exam, interpreting images, and providing comprehensive reports to referring physician, ensuring optimal treatment.
MEDRAY ensures the highest level of service for patients and referring physicians by offering continuity of care at affiliated hospitals. Their imaging exams are conducted by certified technologists trained to the highest standards set by the Canadian Association of Medical Imaging Technologists.
MIC is Alberta’s largest radiology partner, serving as a trusted expert to primary care practitioners and specialists in the Edmonton area. Its radiologists play vital roles in eight local hospitals. Specialists at these hospitals trust MIC’s radiologists to provide expert advice and recommendations across a wide range of subspecialties.
RealTime Medical (RTM) has served the radiology community as a leading provider of software and teleradiology services. RTM operates one of Canada’s largest teleradiology networks, covering over 30 hospital sites. This network is powered by the RealTime Medical platform, delivering AI-enabled diagnostic workload balancing and first-of-a-kind peer learning software.
True North Imaging (TNI) specializes in high-risk obstetrical ultrasound, gynecological, and fertility imaging, providing world-class diagnostics in comfortable community settings with cuttingedge ultrasound technology and one of Canada’s largest digital radiology networks.
Xspect conducts Mammography Accreditation inspections for the Ontario Breast Screening Program and offers inspections for Bone Mineral Densitometry machines and CT scanners. Additionally, the company provides required measurements for the bi-annual HARP Act.
