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AWS, Hoppr Launch Model To Accelerate Generative AI Tools In Medical Imaging
AI startup Hoppr teamed up with AWS to launch a new foundation model to help bring more generative AI solutions into medical imaging, the companies announced on Sunday at RSNA 2023, the annual radiology and medical imaging conference in Chicago.
The new product, named Grace, is a B2B model designed to help application developers build better AI solutions for medical images — and to build them more quickly. Along with the launch of Grace, Hoppr also announced that it received "a multi-million dollar investment" from Health2047, the American Medical Association's venture studio.
Chicago-based Hoppr, which was founded in 2019, has raised $4.1 million to date, said CEO Khan Siddiqui. Pioneering computer scientist Grace Hopper is the namesake for both the company and its new product, he noted.
The foundation model is meant to enable "image-to-image and text-to-image learning" across all medical imaging modalities, Hoppr said in its press release.
"Grace is trained on a very large data set that enables the foundation model to learn across various imaging modalities and radiology reports. We use embedding and vectors from the training on the images to map and correlate the same findings in different modalities. This allows Grace to show how a nodule in an x-ray would be represented in a CT, for example," Siddiqui explained.
The model can provide diagnostic, clinical and operational insights from medical imaging data, he added. For example, Grace can let users know when additional diagnostic imaging is needed at the point of care, and the model can provide findings from an image to prepopulate a preliminary report that the clinician can finalize after review.
The model can also help an interventional neurologist better plan a procedure by allowing them to converse with medical imaging studies, Siddiqui said. They can ask questions about findings, alternative imaging views, treatment protocols and recommended surgical interventions.
Grace is currently available via an API service for use by application developers. Hoppr's vision is that these developers will use the model to create products that allow radiologists, technicians and other staff members to engage with medical images more meaningfully.
The model could help developers create AI solutions more quickly because the current approach to application development — supervised learning — requires them to see what is being annotated in each image and takes a year or more, Siddiqui pointed out. With Grace, developers can fine-tune their model and wait "just weeks" to get to market, he said.
Hoppr built Grace exclusively on AWS using Amazon SageMaker, the tech giant's machine learning platform designed to facilitate the development and deployment of cloud-based AI models. The quality of AWS' technology and data storage, as well as its ability to scale, made the cloud service "a natural home" for Hoppr, Siddiqui explained.
"The company's natural and deep understanding of medical imaging is unparalleled," he declared.
Photo: metamorworks, Getty Images
Rezolut Partners With Southtowns Radiology To Expand Imaging Services In Western New York
HAMBURG, NY / ACCESSWIRE / November 28, 2023 / Rezolut, LLC, a high-growth medical imaging business, is pleased to announce it has entered into a partnership agreement with Southtowns Radiology, headquartered in Hamburg, NY.
Rezolut Logo Southtowns Radiology is a multi-modality, all-digital radiology network in Western New York, consisting of three imaging centers in Erie County. Southtowns provides women's imaging, preventative screenings, MRI, CT, Interventional Radiology, and a host of additional diagnostic imaging services. Founded in 1959 and led by a team of over 20 physicians, Southtowns is renowned for its compassionate technologists and board-certified radiologists - offering a patient-centric approach to care.
Over the decades, Southtowns Radiology has garnered the trust of both healthcare providers and patients through a commitment to delivering expertise and compassion at every stage. Their patient-centric approach focuses on providing top-tier diagnostic imaging services with exceptional quality. This is made possible by a team of highly qualified and widely respected physicians, as well as committed technologists and staff members in the imaging centers.
According to Dr. Jin Kim, CEO of Rezolut, 'This partnership is important to Rezolut because of Southtowns' dedication to the community it serves, its core values, and its vision of delivering exceptional patient-centered care align seamlessly with our own. We are excited to join a team of professionals who prioritize patients' health and employ innovation through expertise and advanced technology to improve health outcomes. Additionally, our partnership with Southtowns strengthens our footprint in the Northeastern United States.'
'We are very excited about the opportunity to work closely with Rezolut to explore the growth and expansion of our Radiology services,' said Dr. Asha Ziembiec, who has been serving as President of Southtowns Radiology. 'We are also pleased to be able to continue operating our private practice group of Radiologists and will continue to provide interpretation services to Southtowns' patients while partnering with Rezolut.'
The acquisition increases Rezolut's number of outpatient imaging centers to 43 nationally, with 19 in the Northeast. The move demonstrates Rezolut's commitment to building an innovative, national, multi-modal platform that delivers high-quality patient service.
About Rezolut, LLC
Rezolut is a national platform of diagnostic medical imaging services. With a focus on four key platforms, its mission is to provide and facilitate top-notch patient care, partnered with innovative technology, to achieve better health outcomes. To learn more about Rezolut, visit www.Rezolut.Com.
Contact Information
Mike MorganAssociate Director of Marketingmike.Morgan@rezolut.Com520-991-0322
SOURCE: Rezolut, LLC
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Diagnostic Imaging Market Size To Grow USD 12630 Million By 2029 At A CAGR Of 3.5%Valuates Reports
BANGALORE, India, Nov. 21, 2023 /PRNewswire/ -- Diagnostic Imaging Market is Segmented by Type (X-ray, Ultrasound, MRI), by Application (Hospital, Clinic): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Medical Devices & Equipment.
The Global Diagnostic Imaging market is projected to reach USD 12630 Million in 2029, increasing from USD 9962.4 Million in 2022, with a CAGR of 3.5% during the period of 2023 to 2029.
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Major Factors Driving the Growth of Diagnostic Imaging Market
The government's increased investment and reimbursement initiatives, the growing demand for early detection tools, the expansion of new facilities by market players in developing nations, the rising prevalence of lifestyle-related diseases, and technological advancements to improve turnaround times are all thought to be driving factors in the market growth.
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DIAGNOSTIC IMAGING MARKET TRENDS
The burden of related disorders is steadily rising on a global scale. The likelihood of contracting illnesses rises in direct proportion to age. Due to the ageing population's rapid expansion, it is anticipated that age-related disorders including cancer, cardiovascular disease, and Alzheimer's disease will become more common. Gaining a clearer perspective helps you comprehend your condition better. Furthermore, physicians can precisely forecast your risk of contracting an illness like cancer thanks to medical imaging.
The majority of diagnostic imaging techniques are non-invasive and painless. For the most part, no additional preparation is needed for procedures. For example, an ultrasound uses a transducer and is a very pleasant and painless diagnostic method. The doctor can observe your unborn child and monitor its progress during pregnancy with the aid of ultrasound equipment. Your doctor can ensure that your baby is developing normally and spot any anomalies. It's among the greatest ways to keep an eye on a developing foetus.
With the use of an ultrasound, medical professionals may identify a wide range of illnesses. Physicians can also use the pictures it generates to assist them in planning treatments. To find the source of any symptoms you may be experiencing, such as pain, swelling, or infection, your doctor may recommend an ultrasound. When anesthesiologists insert needles close to nerves during surgery, ultrasounds are also used to help.
Ultrasounds are frequently used by medical professionals to assess illnesses pertaining to the abdomen, circulation, urology, obstetrics, infant care, and even musculoskeletal disorders. Ultrasounds are frequently used by doctors to examine the following bodily parts: the heart, joints, uterus, blood vessels, muscles, bladder, and kidneys.
One of the most popular and widely utilised diagnostic imaging examinations is the X-ray. They let medical professionals see into the body. A high-energy beam produced by X-ray machinery may penetrate through some parts of the body but not thick tissue or bones. This procedure creates a picture that your doctor can use to determine whether you have any bone injuries.
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MEDICAL DIAGNOSTIC IMAGING MARKET SHARE ANALYSIS
The diagnostic imaging market in Asia Pacific is expected to develop at the quickest rate during the projected period due to the increased demand for improved imaging technologies and the rising frequency of chronic illnesses. In this underdeveloped, price-sensitive sector, more local manufacturing facilities are anticipated to offer diagnostic devices at reasonable prices.
The portion with the highest share was ultrasonography. One reason for the segment's rise is the increase in ultrasonic applications. Advances in ultrasound transducers have created new opportunities for ultrasound devices in the fields of biomedical and cardiovascular imaging. Furthermore, it is anticipated that increased emphasis on the creation of portable ultrasound equipment would broaden the modality's applicability in both emergency and ambulatory care. The incorporation of artificial intelligence into ultrasound devices to mechanise the picture quantification and selection process is anticipated to have an impact on market expansion as well.
The majority was accounted for by hospitals. Among the reasons propelling the market are the growing need for sophisticated imaging modalities and the incorporation of imaging technology into surgical suites. When compared to general or special hospitals, the demand for these modalities at teaching hospitals has increased significantly in some wealthy nations.
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