Hexarad Secures £13 Million for Radiology Innovation
Hexarad, a cutting-edge radiology technology company based in London, UK, has successfully raised £13 million in growth funding to further its mission of transforming the way radiology services are delivered. This latest funding round was spearheaded by MTIP, a well-known investment firm, with significant participation from the Foresight Group. With these financial resources, Hexarad plans to enhance its operational capabilities and push forward its development initiatives, ensuring that their innovative technologies continue to meet the evolving needs of the healthcare sector.
Established in 2016 and currently under the leadership of CEO Farzana Rahman, Hexarad has carved out a niche for itself by providing an extensive end-to-end teleradiology service.
Their offerings cater to a variety of reporting needs, including routine, backlog, and urgent cases, complemented by out-of-hours services. To facilitate this, the company has developed proprietary software aimed at minimizing patient waiting times, boosting operational efficiency, and achieving substantial cost savings for radiology services. The comprehensive software suite includes features such as a dedicated radiology information system (RIS), the Hexarad Edge integration engine, the Hexarad Hub for urgent reporting, and the Hexarad Portal, which simplifies the auto-allocation of cases to radiologists.
Hexarad's innovative solutions are gaining traction and being utilized by customers across several regions, including the UK, Ireland, and Saudi Arabia. By focusing on enhancing the radiology workflow, Hexarad is not only improving the patient experience but also supporting healthcare providers in delivering timely and effective medical care. As the demand for efficient and accessible healthcare continues to grow, Hexarad's commitment to excellence positions them favorably in the market, paving the way for a brighter future in radiology technology.
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