Neurostar Solutions, a provider of outsourced radiology services over the web, has landed $5 million in investment capital from Eastside Partners.
Neurostar plans to use the funds to expand its service offerings to other markets such as orthopedics and cardiology.
The company, which was launched in 1999 by two students at Georgia Tech, is positioning its technology as an alternative to traditional picture archiving and communications systems, or PACS, for radiology and other medical images.
Neurostar offers a web site to service a virtual radiology network as well as a virtual radiology community. The company announced its 300th installation in April and recently signed an agreement with Kindred Healthcare, which operates 80 long-term acute care hospitals.
“Neurostar has developed a solution to enable radiologists, hospitals, and diagnostic imaging centers to quickly deploy clinical image management and viewing capabilities in a cost effective manner,” said Emerson Fann, managing director of Eastside Partners, which is based in Alabama. “We believe their unique clinical image management platform and online service exchange position them to become leaders in the new market of outsourced clinical imaging services.”
The company makes images available from various locations for use by authorized users. Radiologists, for example, can review images regardless of their location through the Neurostar web site.
Neurostar also offers an alternative PACS to a site that does not have such a system or wants an alternative.
“Combined with the strong momentum built up during the past few years for outsourced radiology services and our fast growing customer base, we are confident in our ability to take Neurostar Solutions to the next level,” said Willie Tillery, chief executive officer of Neurostar.
To see a diagram about how the network operates, see: www.neurostarsolutions.com/cms/theVRN/vrnDiagram