Optimal Reading Services Group Inc. has completed its first round of institutional financing. With an already well established presence in the Southeast in hospitals and radiology groups, Optimal Readings will use this investment to expand its service offerings and market territories. The growth capital will allow the company to implement even more broadly its optimization services which have been designed to improve patient care for clients through faster, higher quality radiology interpretation and reporting processes.
“Optimal Readings was created to fill a supply gap not addressed by the first generation of teleradiology companies,” said Dr. Neal Templeton, chief medical officer for Optimal Readings. “We exist to help physicians and facilities improve patient care, including helping radiologists in local communities augment their own capabilities. The Optimal Readings solution is focused on optimizing radiology care, not merely moving medical images around and generating a report.”
The funding round was led by Health Enterprise Partners (HEP), a healthcare-focused private equity fund whose investors include several leading academic and community hospital systems, healthcare payers, and physician group practices. “We believe Optimal Readings is taking advantage of a “perfect storm” in radiology to create significant improvements in the teleradiology marketplace. With the deluge of digital medical imaging, hospitals and related radiology services cannot keep up with the workload demands much less provide these services in an optimized fashion,” said Bob Schulz of HEP.