Virtual Radiologic Corporation (ticker: VRAD, exchange: NASDAQ Global Market (.O))
News Release -
Virtual Radiologic Announces Upgrade to Its Software as a Service Technology Offering
vRad Enterprise Connect 2.1 Provides Radiology Practices with
Added Productivity and Growth Tools
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 19, 2009--
Virtual Radiologic Corporation (NASDAQ:VRAD), a leading global provider
of teleradiology services and technology solutions, has released
enhancements to its vRad Enterprise Connect technology offering. With
version 2.1, clients will now be able to access the product solution on
mobile PDAs, as well as use new transcription capabilities, known as
vRad Scribe, in addition to the existing voice recognition technology.
Other improvements include augmented utilization reporting tools and
more flexible user account management.
"We remain committed to the continual investment in and advancement of
our software, and are pleased to now offer vRad Enterprise Connect 2.1,"
said Rob Kill, chief executive officer of Virtual Radiologic. "We see
demand in the market for software as a service technology, and radiology
practices are adopting our product to increase the efficiency of their
businesses without costly infrastructure investment."
Based on the Company's proprietary software platform it uses to perform
over 2.5 million annual radiology interpretations for 1,085 medical
facilities, vRad Enterprise Connect is provided via software as a
service to help radiology practices grow their own business and
profitability. vRad Enterprise Connect is already improving the
productivity of clients at 30 medical facilities, with an additional 25
facilities under contract for deployment.
The primary objectives of the Company's vRad Enterprise Connect clients
are to improve patient care at the facilities they serve and to enhance
the productivity of their practices. With the core approach of making
existing RIS/PACS systems easier to use, vRad Enterprise Connect
achieves these objectives by:
Enabling radiologists to service multiple facilities from a single
Load balancing study volume between radiologists based on geography,
time of day, subspecialty and practice preference.
Using a single system to efficiently access patient information across
disparate RIS/PACS systems.
Expanding practice capacity and subspecialty expertise via direct
technology connection to Virtual Radiologic's 135 affiliated
radiologists as needed to meet total demand.
"vRad Enterprise Connect is a powerful tool that has allowed us to
substantially grow our business, maintain our costs and improve our
bottom line," said Jamie Howard, chief executive officer of Precision
Radiology Management (PRM) of Lafayette, La. As part of a five year
partnership with Virtual Radiologic, PRM is using vRad Enterprise
Connect to cover geographically diverse facilities and more effectively
serve hospitals with different RIS/PACS vendors. Howard continued,
"Without these productivity enhancements, we would not have been able to
achieve the results we have. For example, we were able to expand our
business to include a new medical facility in a remote rural area even
though it was several hours away, without additional staffing or
For more information about how vRad Enterprise Connect can help improve
the productivity of your radiology practice, please visit www.virtualrad.com,
email firstname.lastname@example.org or
call (800) 737-0610.
About Virtual Radiologic
Virtual Radiologic Corporation (http://www.virtualrad.com)
provides teleradiology solutions to radiology practices and medical
centers throughout the United States and internationally. Utilizing
market-leading, proprietary workflow technology, Virtual Radiologic's
radiologists perform over 2.5 million preliminary and final read
interpretations annually for emergent and non-emergent needs day or
night, 365 days a year. Virtual Radiologic's American Board of
Radiology-certified radiologists are collectively licensed in all 50
states. Virtual Radiologic is Joint Commission-certified and serves 641
clients supporting 1,085 medical facilities.
Safe Harbor for Forward-Looking and Cautionary Statements
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934, including,
in particular, statements about our plans, objectives, strategies and
prospects regarding, among other things, our business and results of
operations. These statements involve a number of risks, uncertainties
and other factors that could cause actual results, performance or
achievements of Virtual Radiologic Corporation to be materially
different from any future results, performance or achievements expressed
or implied by these forward-looking statements. For examples of such
risks and uncertainties, please see our latest Annual Report on form
10-K, as well as our subsequent filings with the Securities and Exchange
Commission. Virtual Radiologic Corporation undertakes no duty to update
these forward-looking statements due to new information or as a result
of future events.
Source: Virtual Radiologic Corporation
Virtual Radiologic Corporation
Mollie O'Brien, 952-595-1196