Hexarad receives £1.7m to grow UK teleradiology services
Fast growing teleradiology firm Hexarad has received £1.7 million in investment to expands its services.
The firm is an early stage, high growth company, primarily providing teleradiology services to National Health Service (NHS) trusts as well as private healthcare providers in the UK.
Headquartered in London, Hexarad was founded in 2016 by a team of NHS consultant radiologists to
provide specialist clinical reporting on diagnostic images. The investment was secured as part of a £2.3 million funding round, and will be used to build its technology infrastructure and capabilities further, as demand for radiology services increases.
The ageing population, the rise in chronic diseases, and a shortage of radiologists is driving the demand for teleradiology services, particularly given the backlog caused by COVID-19.
“As radiologists, we’ve had first-hand experience of the growing demands within medical imaging and the tremendous pressure faced by radiology departments and hospitals" Farzana Rahman, CEO of Hexarad, said.
"We founded Hexarad with the mission of creating excellence in medical imaging through developing innovative, clinically-led solutions that help patients get diagnosed more swiftly. We’re excited to be working with Foresight through this next phase of growth, providing the opportunity to build value for our customers.”
Foresight is a private equity and infrastructure investment company with offices in the UK, Sydney, Rome and Seoul among others. The firm invests in SMEs across a range of sectors. Matt McLoughlin, Senior Investment Manager at Foresight, commented on the funding: “The services that Hexarad provides are critical to the provision of patient care as the importance of medical images continues to increase.
"We are investing in an outstanding management team and we look forward to supporting them in achieving their vision over the coming years.”
COVID-19 app for NHS staff launches as restrictions lift
A new app has launched today to support UK hospital staff who have been redeployed to care for COVID-19 patients.
The Acute COVID app has been co-developed by Chelsea and Westminster Hospital NHS Foundation Trust and its charity CW+, along with health tech company Imagineear Health.
It provides information to healthcare staff via a step-by-step guide, aimed at both doctors and nurses. This includes the different stages of COVID-19 so they have guidance around triage at A&E, hospital admission, in-hospital treatments, and advanced care management.
The app also provides training on non-invasive ventilation. In the first wave of the pandemic the numbers of patients needing this type of ventilation led to staff who would not normally administer this to patients having to do so.
Additionally the app signposts staff to where they can access mental and physical wellbeing support, acknowledging the levels of staff burnout, particularly among frontline staff, the pandemic has created.
The launch of the app comes on the same day England lifts its COVID-19 restrictions, labelled "freedom day" by some. However infection rates have soared in recent weeks and the move has been fiercely opposed by scientists and doctors, both in the UK and abroad.
In a letter published in medical journal The Lancet backed by 1,200 international scientists, experts called the unlocking "a threat to the world", as allowing infection rates to rise enables the virus to mutate and potentially become resistant to the vaccination.
At the weekend the newly appointed health secretary Sajid Javid announced he had tested positive for coronavirus, and both Prime Minister Boris Johnson and the chancellor Rishi Sunak are self-isolating.
Meanwhile in the first week of July more than 500,000 alerts were issued by the NHS Covid-19 app telling people they had been exposed to the virus. As a result businesses are considering cutting their opening hours while staff are self-isolating at home. The government has issued guidance saying that fully vaccinated frontline NHS staff in England will be allowed to carry on working even if they've come into contact with someone with COVID-19.