Candescent Health Launches to Improve the Delivery of Radiology Nationwide

Boston-based startup looks to enable real healthcare transformation through innovative technology

Oct 20, 2015, 09:00 ET from Candescent Health

WALTHAM, Mass., Oct. 20, 2015 /PRNewswire/ -- Candescent Health today launched a software enabled service that will allow radiologists to optimize clinical performance, increase efficiencies and deliver the most efficient and effective quality of care. Candescent was born out of 10 years of experience managing a radiology practice that achieved quality and efficiency metrics well above all industry standards. The Candescent team is now applying their expertise and technology to enable additional radiology groups to significantly optimize their care delivery models.

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"Radiologists are a critical component of healthcare delivery," said Scott Seidelmann, founder and CEO of Candescent Health and the former founder and CEO of Radisphere Radiology. "Candescent Health helps radiologists practice at the top of their license by getting them the right information, connecting them more efficiently with clinicians, and understanding their performance in order to effectively improve the way that they deliver care.  Through technology, Candescent Health will enable radiologists to transform the way that radiology is delivered and fundamentally drive greater healthcare value."

"Boston's digital health start-up market is mounting, attracting the attention of providers, investors and innovators," said athenahealth CEO Jonathan Bush, a Candescent Health board member. "Candescent Health promises to be one of the disruptors of an industry staid for too long. Radiology is one segment of many in health care that must be transformed. I look forward to witnessing the results of Candescent's reimagined radiology care delivery model."

Radiology is one of the most important healthcare functions in any hospital, touching nearly every patient in every disease category, so creating a more efficient radiology process is crucial to helping providers deliver more accurate diagnoses, better patient care and reduced costs. Radiology is also completely digital so it can be easily measured, optimized, and delivered to new markets in new ways.

"Fixing healthcare comes down to finding a good process to create the best outcomes—this is what Candescent is doing," said Oak HC/FT Partners Venture Partner Nancy Brown. "In a world full of unicorns, they are the real story. Their solution is not a hypothetical scenario, but a proven platform for how care should be delivered."

Oak Investment Partners Managing Partner Ann Lamont, a Candescent Health board member, added, "Healthcare is at a turning point where smart people armed with the right processes and tools can profoundly reshape the care delivery model. I believe in Candescent Health's mission to make healthcare dramatically more efficient and effective by enabling and empowering the providers who are transforming healthcare."

Candescent Health's key investors, which include Oak Investment Partners and Maverick Capital, continue to support the accelerated growth of the company, which has increased its employee base 50 percent in the last 10 months and is expected to grow an additional 100 percent in 2016.

About Candescent Health

Candescent Health's mission is to make healthcare dramatically more efficient and effective by enabling and empowering the providers who are transforming healthcare. Based on a decade of operating one of the nation's largest multi-practice radiology groups, Candescent Health has reengineered clinical and workflow processes to enabled radiologists to improve quality, increase productivity and lower costs and fundamentally transform the radiology care delivery model.  Headquartered in the Boston area and with a major operations center in Cleveland, Candescent Health is backed by leading venture capital firms. For more information, visit www.CandescentHealth.com or follow us on Twitter at https://twitter.com/candescenthc

Media Contact:
Kari Hulley for Candescent Health
781-966-4129
Candescent@inkhouse.com

SOURCE Candescent Health



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