USARAD Holdings receives investments from three firms

USARAD Holdings Inc., a U.S. Joint Commission Accredited radiology and telemedicine services solutions provider, as well as its division, recently announced it has received investments from three health care-related firms.

“Many parts of the world are experiencing a significant shortage of expert physicians, especially radiologists,” Siemens Venture Capital Unit CEO Ralf Schnell said. “By delivering U.S. board-certified specialists to these regions through the use of technology, USARAD is positioned to affordably bring high quality health care around the world. Their division is leveraging critical healthcare trends including consumerization, globalization, mobile health and broadband access.”

Omphalos Venture Partners Chairman Sean Casey said his team is eager to use its experience building the world’s largest teleradiology company to help grow the next-generation teleradiology and a second opinions platform. 

"USARAD will not only improve consumer confidence, mitigate risk and benefit both patients and physicians, but also will make a positive change in the way healthcare is delivered on a global level,” Casey said.

Bobby Bahram, managing partner of Excelerate Health Ventures, a health care information technology fund that supports entrepreneurs, said their network is quite excited about the unique approach of USARAD, where they understand not only the challenges faced by the U.S. health care system, but also their advantage in global delivery of world-class care in a cost-effective manner.

“As health care continues to undergo rapid changes, we are truly honored that these firms have validated our vision, and have joined forces with our exceptional team which includes industry pioneers,” USARAD Holdings CEO Michael Yuz said. “USARAD will directly and significantly improve the quality of care and patient outcomes, as well as decrease health care costs, while bringing the same services to the rest of the world.”

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