MINNEAPOLIS, June 10, 2008 (PRIME NEWSWIRE) -- Virtual Radiologic Corp. (Nasdaq:VRAD), a leading national provider of teleradiology services, today announced a multi-year technology licensing partnership with Massachusetts General Physicians Organization (MGPO), partner of the Massachusetts General Hospital and teaching affiliate of Harvard Medical School.
"After an exhaustive search for a teleradiology platform, we found the innovative technology and services that Virtual Radiologic can provide our radiologists to be the best solution available," said John Landry, Director of Teleradiology and Business Technology for MGPO. "We are excited about combining the significant academic and clinical knowledge of our highly trained physicians with the deep, feature-rich technology platform provided by Virtual Radiologic. In addition, MGPO and Virtual Radiologic both share the belief that teleradiology programs should complement and supplement understaffed local radiology practices, rather than competing with them. These common values are the backbone of this partnership."
Under the terms of the agreement, Virtual Radiologic will license vRad(sm) Enterprise Connect, Virtual Radiologic's teleradiology platform, to MGPO for use in its teleradiology program. Included in the agreement will be access to Virtual Radiologic's 24-hour Operations Center and workflow management services to ensure seamless communications between MGPO radiologists and the medical facilities that they serve.
vRad(sm) Enterprise Connect is Virtual Radiologic's proprietary Web-based workflow platform that interfaces with a facility's existing RIS and PACS systems. It requires no infrastructure or data center investments and enables academic medical centers and radiology groups to extend their services beyond traditional practice boundaries. It is the same teleradiology platform used by Virtual Radiologic's more than 115 affiliated practicing radiologists serving 13 percent of hospitals in the United States.
Said Rick Jennings, Virtual Radiologic's Chief Technology Officer, "We have spent the last five years developing the technology and Operations Center services at the core of vRad(sm) Enterprise Connect for one reason -- to improve the productivity of radiologists. We are delighted to announce that MGPO's Department of Radiology is leveraging Virtual Radiologic's teleradiology infrastructure to significantly enhance its teleradiology program."
About Virtual Radiologic
Virtual Radiologic Corporation (www.virtualrad.com) provides teleradiology solutions to radiology practices and medical centers throughout the United States. Utilizing market-leading, proprietary workflow technology, Virtual Radiologic physicians perform preliminary and final read interpretations 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-accredited and serves hundreds of clients supporting more than 830 medical facilities.
About Massachusetts General Physicians Organization
The Massachusetts General Physicians Organization is the largest multi-specialty group practice in New England and is partner of the Massachusetts General Hospital, a founding member of Partners HealthCare, and a teaching affiliate of Harvard Medical School. More than 1,200 employed physicians and more than 1,800 physicians are affiliated with the MGPO. For the past 10 years, the MGPO has supported doctors in their efforts to provide excellent care to patients while assisting in timely and fair reimbursement.