RIVANNA Receives Significant Funding to Enhance AI Medical Tech
RIVANNA Secures Funding to Accelerate AI Module Development
RIVANNA®, recognized as a developer of innovative imaging-based medical technologies, recently announced a major funding boost aimed at furthering the development of its advanced artificial intelligence (AI) module for their Accuro XV platform. This funding, amounting to nearly $10 million, comes from the Biomedical Advanced Research and Development Authority (BARDA), a key player in the U.S. Department of Health and Human Services.
What the Funding Supports
This funding will specifically support the development of an AI module that is focused on automating the detection of anatomical abnormalities and assisting healthcare professionals in diagnosing bone fractures. To date, the total funding awarded under this BARDA contract has surpassed $52 million, and if all options under the contract are exercised, it could total over $91 million.
Accelerating Clinical Solutions
As Delphine Le Roux, PhD, PMP, Senior Director of Market Access and Strategic Partnerships, emphasized, this injection of funding accelerates RIVANNA's ability to deliver high-impact clinical solutions. The funding will enable the company to expand multi-site clinical data acquisition, allowing for the swift development of AI technology that focuses on detection of fractures and other soft tissue abnormalities. This initiative is not just about advancing technology; it’s about enhancing the standard of care within musculoskeletal diagnostics.
Building on Prior Innovations
The new development plan is a continuation of RIVANNA’s commitment to improving CAD technologies. The company has previously developed AI-BoneEnhance®, an established module that enhances the visualization and classification of bone structures seen in ultrasound imaging. Traditional CAD tools have limited abilities, primarily aiding in the identification of features. In contrast, the CADe/x module extends this functionality by detecting abnormalities and even suggesting possible pathologies. This feature will be invaluable, especially for less experienced users who seek to interpret ultrasound images and confidently diagnose fractures.
The Future of Accuro XV
The CADe/x initiative will play a pivotal role within Accuro XV, RIVANNA's next-generation ultrasound platform designed for comprehensive bone and 3D soft tissue imaging. Accuro XV’s capabilities include AI-enabled assistance for rapidly triaging fractures and soft tissue injuries, significantly reducing the exposure to ionizing radiation traditionally associated with some imaging techniques.
Upon full deployment, Accuro XV is anticipated to transform the approach to care delivery. It promises to expedite the diagnosis of minor injuries, minimize unnecessary referrals for X-rays, and effectively optimize value-driven imaging and physician resources for more critical cases.
Enhancing Emergency Department Efficiency
One of the major benefits of the Accuro XV system is its potential to support superior triage processes within emergency departments. With faster identification of soft tissue injuries, healthcare providers can make informed decisions regarding treatments promptly. This platform includes features for just-in-time training, as well as automated image acquisition and interpretation processes, making it easier to adapt in clinical environments.
This exciting project is significantly backed by federal funds allocated from the Department of Health and Human Services, emphasizing a collaborative commitment to enhancing healthcare solutions that are responsive to current needs.
About RIVANNA
RIVANNA® stands out as a commercial-stage medical device innovator and manufacturer dedicated to pioneering imaging-based health technologies that raise global care standards. Their offerings encompass a variety of advanced imaging solutions targeting both spinal needle interventions and diagnostics for fractures and soft tissues.
Frequently Asked Questions
What is the purpose of the funding RIVANNA received?
The funding will help expedite the development of an AI module designed to automate the detection of anatomical abnormalities and assist in diagnosing bone fractures.
What advancements does the CADe/x AI module offer?
The CADe/x module goes beyond traditional CAD tools by detecting abnormalities and suggesting potential pathologies, enhancing diagnostic capabilities for users.
How will the Accuro XV platform improve clinical practices?
Accuro XV is designed to provide AI-enabled decision assistance, allowing for rapid detection of skeletal fractures and soft tissue injuries, enhancing overall efficiency.
What kind of impact will the new technologies have on emergency departments?
These innovations are expected to streamline the triage process, facilitate quicker treatment decisions, and reduce unnecessary referrals for imaging procedures like X-rays.
What commitment does RIVANNA continue to uphold?
RIVANNA remains dedicated to advancing medical standards through innovative imaging solutions, continually working to improve diagnostic processes and overall healthcare delivery.
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