Welcome!

News Feed Item

vRad and E-Techco Partnership Creates First Direct-to-Patient Remote Radiology Services in China

Innovative Telemedicine Patient Management Platform Provides Chinese Consumers With 24/7 Access to Subspecialty Radiology for Second Opinions

MINNEAPOLIS, MN and SHENZHEN, CHINA -- (Marketwired) -- 04/18/14 -- vRad (Virtual Radiologic), the nation's largest telemedicine company and radiology practice with over 450 physicians, today announced it completed a strategic partnership with E-Techco Information Technologies Co., Ltd. (E-Techco), a leader in consumer telehealth solutions. The partnership names vRad as E-Techco's exclusive agent for remote professional radiology interpretations in mainland China, Taiwan, Hong Kong and Macau beginning in May 2014. This partnership marks vRad's first significant international market expansion into the Chinese market. Financial terms were not disclosed.

E-Techco provides a direct-to-patient telemedicine and patient management platform known as AnyCheck™. Currently with three million subscribers, AnyCheck allows patients to conduct self-testing for health conditions, including hypertension, diabetes, cardiovascular disease, geriatric mental health, and other chronic diseases found in China's ageing population. Patients conduct tests (e.g., blood pressure, electrocardiogram, temperature, glucose levels) while connected to a wireless phone or device, which transmits findings via cloud services and then back to the patient in real time after analysis. Patients can arrange an online consultation with a health professional, also in real time. According to E-Techco's analysis, the total volume for the radiology services market in China is estimated at 302 million, and the volume for second opinions is estimated at 15.1 million, accounting for 5 percent of the total radiological market.

"vRad is a pioneer and proven leader in the practice of remote radiology," said John Zhang, CEO of E-Techco. "Having access to highly qualified U.S.-trained radiologists 24/7 will provide much needed services to an ageing population concerned about their health and welfare. Given vRad's scale and commitment to technical innovation and clinical excellence, we chose them to help us expand the capabilities of AnyCheck's personalized health management services to benefit our patients in China."

Beginning May 2014, patients will be able to upload images of their CT (computed tomography), MRI (magnetic resonance imaging) or CTA (Computed tomography angiography) studies using their AnyCheck telehealth platform, and vRad will provide second opinions from highly qualified, U.S. licensed radiologists. The partners also expect to expand into additional radiology solutions and markets in the future.

This strategic partnership brings together E-Techco's extensive experience and leading reputation in the Chinese consumer healthcare market with vRad's clinical expertise in providing remote radiology reads. vRad is the largest U.S.-based radiology practice reading 7 million studies a year. Seventy-five percent of vRad's 450 radiologists are fellowship-trained, with over nine years of post-certification experience. vRad has 14 patents covering its state-of-the-art imaging platform; the company was recently awarded the 2014 Frost & Sullivan Visionary Innovation Award in Medical Imaging Analytics.

"We are honored to be E-Techco's exclusive radiology partner, and bring our operational and clinical expertise to the Chinese market," said Jim Burke, President and CEO of vRad. "This strategic partnership represents a tremendous opportunity for vRad to expand internationally. As their respected partner, we look forward to working with an innovative leader in telemedicine that allows patients to play an active role in managing their personal health. Over the long term, this relationship will provide additional services that will ensure continued growth and mutual benefit for both parties and the patients we collectively serve."

About vRad

vRad (Virtual Radiologic) is a global telemedicine company and the nation's largest radiology practice with over 450 physicians. Our patented software, data, and clinical processes allow referring physicians to quickly and securely pass patient imaging and information to specialists in order to improve the speed, accuracy, and cost of clinical diagnosis. vRad's physicians and operational platform serve 2,000+ hospitals, reading over 7 million patient radiology reports annually. vRad is also a leader in healthcare informatics: its RPC(SM) (Radiology Patient Care) Indices are the first findings-based national and peer group benchmarking metrics for the use of radiology imaging. Our analytics platform includes over 24 million imaging studies, growing at 600,000 per month. vRad's clinical expertise and evidence-based insight help clients make better decisions for the health of their patients and their practices. For more information, visit www.vrad.com. For real-time updates, follow us on Twitter (@vRad), or "like" us on Facebook.

About E-Techco

Shenzhen E-Techco Information Technologies Co., Ltd., established in 2003, is a high-tech enterprise providing cloud-based personalized health management. The company has its own integrated R&D and operations for the manufacturing and distribution of e-health terminals, biosensors, and telemedicine solutions. AnyCheck's e-health management service has more than 3 million users and is the main Medical IT and health management technology solution in China and the EU. With more than 100 patents and certifications, AnyCheck plays a leading role in international e-health management.

Due to its innovation and achievements in health management application, E-Techco has received China's Annual National Awards of 2013 for the Most Influential Enterprise in Informationization of Medical Services from the Ministry of Industry & Informationization of People's Republic of China. It also received product excellence awards at the China High-Tech Fair in 2012 and 2013. In addition, E-Techco is a Member of the Board of Managing Directors for the China Association For Medical Devices Industry, belongs to the Executive Chairmanship Unit of China Industrial Alliance for Life Science & Senior Healthcare, and is a Member of Board of Directors of the Shenzhen Software Industry Association.

The 10 billion RMB (USD$1.6 billion) Shenzhen Qianhai Senior-Health PE Investment Fund, initiated by E-Techco, is partnered and supported by domestic and overseas institutions such as PriceWaterHouseCoopers and CITIC Group's assets management firm. The E-Techco fund is dedicated to the investment and promotion of cloud-based health services and geriatric care in the China market. For more information, please visit www.e-techco.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media Contact:
Keri Couples
(952) 595-1496
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...