Enlitic is leveraging artificial intelligence to improve the labeling of medical images and improve interoperability and data quality that has downstream impacts on the healthcare enterprise. Enlitic operates primarily in the Radiology Department of healthcare facilities, but its impact reaches into the enterprise. Most of the Company’s revenues come from healthcare providers and OEMs that are looking to improve their operations through workflow efficiency, increase in capacity, and better interoperability

These trends are shaping the future of radiology, improving patient care, and driving advancements in medical imaging technologies. As the healthcare landscape continues to evolve, radiology will play a crucial role in leveraging innovative technologies to enhance diagnostic accuracy and patient outcomes.

There are several drivers that are influencing the field of radiology. These market drivers are impacting the need for adoption of data standardization methodologies.

AI Drivers: The adoption of artificial intelligence is being driven by the increasing volume of studies being generated due to an aging population and improvements in imaging technologies. A desire for improved accuracy in reporting and finding more efficient ways to deal with these large volumes also contributes to the adoption of AI. Additional drivers come from the advancement of research and development efforts that are advancing machine learning and improving outcomes.

Interoperability Drivers: Providers are moving towards integrated patient care and the inclusion of medical images drives the need for more interoperability. Improving diagnostic accuracy, reducing duplication and errors while improving workflow efficiencies requires better interoperability. Furthermore, the cross-enterprise image sharing, data exchange systems and value-based care all contribute to driving better interoperability.

Telemedicine/Teleradiology Drivers: As patients increase their expectations for quality healthcare, the need for access to specialists, remote consultations and round-the-clock coverage drives the Teleradiology business. Many markets may also find that teleradiology has the potential to reap economic benefits and cost savings.

Workflow Automation Drivers: Increasing volumes and workloads are causing providers to seek out workflow automation systems to improve their efficiency. Reclaiming time lost to redundant or mundane tasks impacts resource savings and profitability of the providers.

Subscribe To Our Investor Newsletter