Launch HN: Synapsica (YC W20) -AI enabled global radiology reporting marketplace

Launch HN: Synapsica (YC W20) -AI enabled global radiology reporting marketplace
2 by cheriandr | 0 comments on Hacker News.
Hi I am Dr Cherian. Synapsica (www.synapsica.com) is a global marketplace for radiology reporting, made better with AI automation. Margin pressures on radiology practices are increasing due to reimbursement cuts and acute shortage of skilled manpower. Reporting fee constitutes ~75% of their cost structure. These practices find it difficult to improve the cost efficiencies while maintaining reporting quality as they are limited by speed & accuracy of human radiologists (quality-efficiency trade-off) & volume fluctuations. Synapsica is an AI-enabled marketplace for radiology reporting. We onboard such radiology practices on our cloud-based SaaS and improve their speed & quality of reporting even while reducing skilled manpower requirement & cost. We can do this without hurting the quality because of our proprietary algorithms & business model which include: - Machine learning based non-clinical workflow automation - Automated image interpretation & report preparation using deep learning - Access to a flexible pool of client radiologists to absorb case volume fluctuations We have completely automated the X-Ray Spine (DMX) reporting. Currently, we are running a $100k pilot with one radiology practice at 250 chiropractic clinics in the US. This deal has a potential of $1mn ARR at 80% margin with 3000 clinics in the US. We have partially automated MRI Spine. MRI constitutes 40% case volume and majority revenue for over 7000 outpatient diagnostic setups in the US. Currently in negotiations with a radiology practice present across 4 states in the US with over 80k scans per annum. We have a unique business model that embeds a virtuous loop of proprietary data. Cross-enterprise workflow and radiology reporting data allow for the creation of new automation that increases the value proposition of the platform over time. Would love to receive your views, critical suggestions and feedback! If anyone in your family or around who has undergone a radiology investigation, would love to hear experiences. Specifically about how long it took for the report and did it in anyway affect the overall treatment you required. Any connects to Radiology practices who can benefit from Synapsica is most welcome! Thanks