Ultra Market Research | Merative Radiology Solution - Company Profile
Merative Radiology Solution - Company Profile
Report ID : 263
Category : Healthcare-Companies
No Of Pages : 10
Published on: April 2024
Status: Published
Format :
Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
Overview
Merative Radiology Solution offers products in radiology space
Segment Analysis
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Key Executives
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Financials
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Key Products
Merge PACS: Merge PACS is a radiology solution helping organizations to scale and access AI insights and is designed to improve reading workflows anywhere in the enterprise. It is a high-performance viewer combined with a versatile platform that simplifies physicians’ reading activities including support for mammography as well
Merge CADstream: Merge CADstream uses complex mathematical algorithms to deliver insightful data visualization and segmentation that helps radiologists characterize abnormalities, access priors, streamline reporting, and ease interventional planning for breast, pelvic, and abdominal MRI studies
Merge Workflow Orchestrator: A cloud-native Saas to orchestrate the radiology workflow which unifies imaging studies, patient data, and AI results into a single modern interface that gives physicians a personalized experience. It helps to distribute cases across reading teams equitably and for best performance
Merge RIS: An outpatient radiology information system designed that optimizes daily operations from orders and reports, to billing and analytics
IBM iConnect Access: A zero-download, diagnostic quality image and XDS viewer for referring physicians
IBM iConnect Enterprise Archive: A vendor neutral archive (VNA) to create an enterprise imaging strategy
Business Strategy
Automated Image Analysis: Merative portfolio of intelligent imaging workflow solutions helps in getting robust medical imaging which helps managing teams to manage caseloads more smoothly within and across departments
Workflow Optimization: Merative portfolio of intelligent imaging streamlines radiology workflows by prioritizing urgent cases, automatically routing studies to the appropriate specialists, and reducing manual administrative tasks Image Enhancement: AI-based image enhancement techniques improves image quality, reduce noise, and enhance critical details, making it easier for radiologists to interpret images accurately
Quantitative Analysis: AI based radiology imaging performs quantitative analysis of imaging biomarkers, providing more objective and standardized measurements for treatment response assessment and disease monitoring
Triaging and Prioritization: AI algorithms helps prioritize cases based on urgency and complexity, ensuring that critical cases receive prompt attention while optimizing radiologist's time Integration with Electronic Health Records (EHR): AI-driven solutions seamlessly integrate with EHR systems, making relevant patient data readily available to radiologists during the diagnostic process
Business Case Study Use of case studies to market Radiology Solutions
Merative is publishing case studies to show efficiency of their radiology solutions For instance, McFarland Clinic experienced unexpected system downtime in imaging solution, but their collaboration with Merge which is a imaging product of Merative provided proactive monitoring and maintenance for imaging organizations, allowed them to swiftly implement backup procedures and maintain uninterrupted patient care. Through this partnership, McFarland Clinic has established resilient systems, easing downtime-related concerns and ensuring smooth operations Another instance where a largest teleradiology providers in the UK 4 way had reached the limits of its previous picture archiving and communication system (PACS) program and needed an upgraded system to meet its new volume and position itself for future growth. Through Merge PACS 8.0, 4ways has increased processing efficiencies due to automation
Use of Product brochures to market product
Merative is publishing product brochures to show product related information of their radiology solutions For instance, Merative introduced a brochure enlisting their radiology solutions portfolios and explaining the benefits Brochure is displaying capabilities of the solutions to be visually appealing, user-friendly, and how much flexible they are with existing imaging environments, and offer features like efficient image management, real-time collaboration, and time-saving workflows. Also, Merative imaging solutions is focusing on how much their radiology solutions are helping imaging teams handle their workload more efficiently and smoothly both within departments and across different areas of the organization
Major value propositions
Advanced Imaging Technology: Merative AI based platforms provides accurate and detailed diagnostic results and reading platform helps physicians to read multiple specialties, run preferred radiology applications, and gain access to AI-enabled solutions and insights into patients’ data Telemedicine and Remote Reporting: Merge PACS 8.0 platform of Merative, makes it easier for radiologists to work remotely. For instance, Using Merge PACS platform 4ways a leading UK and European private teleradiology company provided over 235 radiology solutions to healthcare consultants remotely Single report for physicians: Aggregation of AI application resulting into a single report for physicians to view through Merative’s PACS system Collaboration and Communication: Provides seamless communication and collaboration with referring physicians, enabling them to discuss cases and access images and reports easily Patient Comfort and Experience: Focusing on patient-centered care, with amenities and measures to enhance patient comfort during imaging procedures Partnerships and Affiliations: Highlighting collaborations with reputable healthcare institutions or affiliations with renowned firms, medical schools, enhancing the company's credibility and expertise
Recent News
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SWOT Analysis
STRENGTH Advanced AI based technology in Radiology solutions Remote Radiology Services offering
WEAKNESS Limited Geographic Presence Dependence on Specific Clients OPPORTUNITY Expansion in new geographic areas Opportunity to form a joint venture and enormous acquisitions with similar companies Product acquisition for portfolio expansion
THREAT Competition from other radiology solutions proving firms Changes in healthcare regulations requirements Handling sensitive medical data can expose to data breaches and legal issues
Porter 5 Forces
Bargaining Power of Buyers: High
Bargaining Power of Suppliers: Low to Moderate
Competitive Rivalry: High
Threat of Substitutes: Low
Threat of New Entrants: Moderate
Locations
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Competitors
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Key features/products offered by Merative in radiology space