Quantivly is highlighting new advances in its artificial intelligence (AI)-driven software for improving efficiency in medical imaging at the Radiological Society of North America (RSNA) meeting in Chicago November 27 to December 1. The company’s technology will also be the subject of several scientific papers on improving MRI efficiency.
Despite its important role in diagnosing disease and guiding treatment, radiology is under severe economic pressure as reimbursement rates fall for many common scans. At the same time, procedure volume is climbing with the aging population, and the specialty is encountering staffing difficulties for both radiologists and radiologic technologists – adding urgency to the need to operate more efficiently.
A spin-off from Boston Children’s Hospital, Quantivly started with the realization that much of the operational data already exists to improve radiology operations, but is disorganized and located in different siloes across a hospital. Quantivly solves this problem of “data liquidity” by extracting image metadata and radiology information system (RIS) messages on-the-fly, cleaning and harmonizing it with the company’s Harmonization Engine to make data fully query-able, and building a new ontology that describes radiology operations.
Quantivly’s platform is designed to help imaging facilities run more smoothly and delivers key insights to improve operational efficiency. The software goes beyond the manual measurement of key performance indicators (KPIs) to give leaders an automated 360° view of their operations, providing insights on parameters that previously were extremely difficult to measure.
Quantivly has an ambitious vision to build the “digital twin” for radiology operations, providing leaders with a new way to manage operations. Digital twins are virtual representations of existing physical systems that allow users to simulate real-world conditions – as well as to evaluate the impact of interventions in-silico, without the need for expensive and impractical changes, and without disrupting the clinical workflow of a healthcare facility.
“It’s crazy how MRI machines cost up to $4 million and yet it’s so hard to know how they are utilized. We started with the goal to clean and organize operational data from existing siloes, and make it useful for imaging providers. Beyond just unlocking data, we believe our digital twin vision and the ability to ask ‘what if?’ and simulate scenarios in software will radically reshape the way imaging facilities operate,” said Benoit Scherrer, Chief Executive Officer at Quantivly.
SOURCE: PR Newswire