Doctors worldwide produce 2 billion reports annually – mostly in free text. The team at Smart Reporting now aims to revolutionize diagnostic reporting: Physicians will be provided with tailored medical decision trees for examination, from which a precise and structured report can be automatically generated. Pilot projects are already underway at university hospitals and hospital chains. The Munich-based health IT startup has now received a multi-million investment.
With the current group of investors (Investment and Structural Bank Rhineland-Palatinate, the Savings Bank Innovation Equity Financing Company Rhineland-Palatinate, Cascara Ventures) and several well-known private investors, sales are now to be expanded and another branch is to be established in Kaiserslautern near the strategic cooperation partner, Empolis GmbH.
Due to the high level of interest, according to Smart Reporting, a few investors will have the opportunity to participate in the financing round as part of a second closing until autumn 2017. So far, according to startup scene already collected two million euros.
“High quality and efficient”
“Our ‘Smart Radiology’ software helps doctors produce high-quality reports very efficiently,”
says Prof. Dr. Wieland Sommer, Senior Physician at the Institute for Clinical Radiology at the Großhadern Hospital of the Ludwig Maximilian University of Munich and founder of Smart ReportingThe startup has already enjoyed initial success with its intuitive 'Smart Radiology' product. The investment will now enable it to scale into other medical disciplines and markets, such as the US.
