Physicians rely frequently on the power of diagnostic tools like X-rays, CT scans, and Magnetic Resonance Imaging (MRI) to diagnose illnesses and diseases. Accurate interpretations are usually done by specialist doctors known as Radiologists. However, in most African countries, there is a critical shortage or absence of qualified medical personnel in hospitals, clinics, and other health care facilities, including radiologists, according to the WHO.
Teleradiology as a technological invention, provides sufficient on-site solutions via cloud network and real-time diagnosis. One of the leading teleradiology companies, Instantrad, provides powerful analysis and reporting tools for teleradiology. A review written by Expert Market Research states the global teleradiology market is expected to grow at a CAGR of about 22% in the forecast period of 2021-2026 to reach a value of around USD 21.8 billion by 2026.
According to WHO, in 2019, 80 million deaths were attributed to ischemic heart disease, a larger percentage that could have been averted if properly diagnosed. Instantrad aims to bridge the gap between physician and patient diagnosis and drastically reduce the mortality rate in Africa by making healthcare deliverables more accessible and affordable.
THE PROBLEM INSTANTRAD SOLVES.
Diagnostic imaging tests – using radiographs, ultrasound, fluoroscopy, or nuclear medicine to create visual representations of a body’s interior – are used to deal with a variety of non-communicable or chronic diseases. The four most important types of these are cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. Without specialists with necessary skills to interpret diagnostic and imaging results and treat illness, ailments like Cancer and diabetes etc. can remain undiagnosed and emergencies like stroke can remain untreated, which will continue to add to the global mortality rate index.
For example, Mammogram, an X-ray screening, can reduce death rates and mortality by up to 40%, which is in part, attributable to technological innovations such as telemedicine and teleradiology. Teleradiology is drastically reducing the global mortality rate by making access to high-quality radiological interpretations and diagnosis possible and also affordable.
With the advent of technology in the fields of radiology services, even the largest of imaging studies can be transferred over a broadband network to a remote interpretation site in a matter of minutes. Teleradiology, therefore, enhances the quality of radiology reporting by connecting patients with the most specialized radiologists who are best qualified to interpret the radiologic scan in any part of the world, through telecommunication technology.
Through teleradiology, millions of deaths can be averted with a path to high-tech radiological implementation. With the impact of Teleradiology in the healthcare system, it is crystal clear that there would be a reduction in the turnaround times and an improvement in the quality of outcomes, even in an emergency setting.
It is also important to note that in Africa, and in other continents, Radiology played a key role in management and care of COVID-19 patients, particularly with the use of X-ray and computed tomography to assess lung improvement.
The company was founded by Seth Quansah and Ernest Appiah. Seth is an experienced international radiology consultant with over 10 years of experience and a serial entrepreneur who has played a major impact in the insurance and waste to energy industry while Ernest has over 15 years’ worth of experience as a software engineer and has consulted for several fast-growing companies on three continents. He honed his experience in the healthcare space at Sidra Hospital in Doha, Qatar, by developing and integrating new software – Cerner – into existing hospital systems and in collaboration with IBM, he introduced the first digital radiology medical imaging system at Ghana’s largest hospital; Korle-Bu.
Instantrad was founded in 2018 and through the creation of a unified platform for connecting medical professionals with the medical images and data needed to produce quality medical reports, the startup has processed over 25,000 patients, generated 40,000 results, and processed over 9.2 million images, with about 447 hospital staff.
According to Yulun Wang, president of the American Telemedicine Association, Telemedicine will become the core methodology of healthcare delivery in the future. As an investment company, we have highlighted the gap in the telemedicine and radiology market, the social and health benefits ticks all three boxes, and this is a reason why Instantrad is a step into a global medical solution.
Instantrad is a teleradiology-Platform-As-A-Service (TPaas) provider with an FDA-approved web and Desktop Diagnostic viewer that creates a unified platform for connecting medical professionals with the medical images and data needed to produce quality medical reports.
Conclusively, according to the World Bank income group, the proportion of high-income countries with established services have over 60% teleradiological innovation. Flying Doctors Healthcare Investment Company, in its drive to make healthcare more accessible and affordable across the different value chains, is proud to have invested in Instantrad to exponentially reduce the African mortality rate index and continue to grow its portfolio in telemedicine and teleradiology industry.