Teleradiology Solutions has deployed RADSpa™ from Telerad Tech™ as the technology platform for its radiology reads for two of its three radiology functions - The electives and Telerad RxDx. The platform has been in use for the last six months and we plan to deploy same for the other radiology functions of the organizations’ over the next 3 months. We have chosen RADSpa™ over the other competing products as it was transformational in terms enabling efficient distributed radiology work-flow involving multiple locations and global spread of the radiologists and customers. RADSpa™ has unique technologies like the auto workload balancing, collaboration platform, DICOM auto-push. For efficient reporting and faster image availability. With the on-going deployment of these technologies across the functions of Teleradiology Solutions we are realizing significant improvement in radiologist productivity, order of magnitude improvement in quality with quality monitoring and feedback mechanisms in RADSpa™ and efficient customer are with the RADSpa™ physician module.
Over the last 3 months we have seen almost 3X improvements in the measured average quality of reports when compared with the earlier systems. 1.68% of the cases reported with the earlier system have reported "need quality improvements" as against only 0.63% with the studies reported with RADSpa™. This is significant improvement in the quality of reports by adopting the RADSpa™ platform.
Approximately on an average 40% of radiologists report time is spent on the report editing, workflow and system tasks compared to 60% of time spent on core radiology tasks involving viewing the images and formulating the report. With RADSpa™ we are seeing that 40% of non-core radiology reporting time can be reduced to 2X. This leads to an overall 20% improvement in the productivity of the radiologists. With present volume of 50,000 studies per month, we project to increase the volumes by 20% to 60,000 studies per month with RADSpa™ with similar number of radiologists. We project that this will help us service more customers and provide an ROI of 20% over the current top-line.
RADSpa™ being a customizable platform, we believe other radiology practices can drive similar befits of efficiency and quality improvement by adopting the RADSpa™ platform.