October 23, 2015 — Candescent Health 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.
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. Candescent Health has reengineered clinical and workflow processes to enable radiologists to improve quality, increase productivity and lower costs and fundamentally transform the radiology care delivery model.
"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.
For more information: www.candescenthealth.com