Lifetrack Medical Systems
Lifetrack Medical Systems builds and sells LifeSys, a distributed enterprise RIS/PACS platform that enables radiologists to read studies remotely on consumer hardware, serving hospitals, clinic chains, and imaging centers across 9+ countries in Asia, Africa, the US, and EU via a SaaS subscription model.
- Company typePrivate
- Founded2015
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Lifetrack Medical Systems does
Lifetrack Medical Systems is a Singapore-headquartered health technology company that develops and distributes LifeSys, a 4th-generation distributed enterprise Radiology Information System and Picture Archiving and Communication System (RIS/PACS) platform. The platform is built on a hybrid cloud-browser architecture that enables radiologists to read imaging studies from anywhere using consumer-grade hardware over DSL or 4G connectivity, eliminating the need for expensive server infrastructure, VPNs, or high-bandwidth connections. Core proprietary components include the patented RadNav radiologist guidance system, RadVoice speech recognition, RadGate HIPAA-compliant encryption, RadSync anonymization, RadLink multi-site interoperability, RadAlerts notifications, RadDash analytics, and a Deep Learning API for third-party AI integration. The company holds 10+ patents and has secured both US FDA 510(k) clearance (2017) and CE Mark registration (2018).
The company monetizes through monthly recurring subscription billing to enterprise healthcare customers under a quote-based pricing model, with an End-User License Agreement specifying non-refundable monthly fees. Lifetrack sells primarily through direct enterprise field sales and strategic technology partnerships with global OEMs including Philips Healthcare and GE Healthcare, targeting large hospital chains, imaging center networks, clinic chains, and public health systems. The customer base spans at least a dozen named accounts across the Philippines (FamilyDOC/Ayala, The Medical City, Calamba Medical Center, PTSI), Singapore (AcuMed, Advanced Medicine Imaging), the United States (Pegasus Imaging, Avala, Optima Diagnostic), India (Apollo Hospitals), and Nigeria, with offices in Singapore (HQ), Taguig (Philippines), and Plainview, Texas. The company has cumulatively supported over 780,000 patient diagnoses and operates across 9+ countries.
Lifetrack is led by Founder and CEO Dr. Eric Schulze (a practicing radiologist and prior co-founder of US teleradiology company 24/7 Radiology, exited to Alliance Imaging in 2011) alongside COO Carl Nicholas Ng. The company has raised approximately US$5.7M in disclosed venture funding across a 2015 seed and a 2019 Series A led by UOB Venture Management with Philips and Kickstart Ventures (Ayala Group). It has received the 2018 FT/IFC Excellence in Disruptive Technologies Award and was named a CB Insights Top 150 Digital Health Startup in 2020.
Lifetrack Medical Systems firmographics
Firmographics- Name
- Lifetrack Medical Systems
- Legal name
- Lifetrack Medical Systems Inc.
- Website
- https://lifetrackmed.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lifetrack Medical Systems builds and sells LifeSys, a distributed enterprise RIS/PACS platform that enables radiologists to read studies remotely on consumer hardware, serving hospitals, clinic chains, and imaging centers across 9+ countries in Asia, Africa, the US, and EU via a SaaS subscription model.
- Ownership category
- akta.pro rank
Lifetrack Medical Systems industry classification
Industry- Product category
- Radiology Imaging Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Picture Archiving & Communication Systems (PACS) (HLACALAA)
- akta.pro secondary industries
- Teleradiology Platforms & Reading Workflow (HLACALAK), Radiology Reporting, Dictation & Structured Reporting (HLACALAF), Universal Viewers & Enterprise Imaging Access (Zero-footprint/Diagnostic) (HLACALAD)
Keywords
Where Lifetrack Medical Systems is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Lifetrack Medical Systems business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel
Revenue model
- LifeSys RIS/PACS Software Subscription: Subscription-based SaaS model for radiology information system and picture archiving software. Monthly billing with recurring revenue from enterprise healthcare customers. The EULA indicates accounts are billed monthly fees with recurring payment plans.
- Software License and Access: Single license for software does not allow sharing or simultaneous use on different computers. Accounts billed monthly with fees due on or before the first day of each billing period.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly subscription with recurring billing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Lifetrack Medical Systems product offering
Product offeringCore offering
Lifetrack Medical Systems develops and sells LifeSys RIS/PACS, a next-generation distributed enterprise radiology platform that combines Radiology Information System (RIS) and Picture Archiving and Communication System (PACS) capabilities. The platform enables hospitals, imaging centers, and radiology practices to perform 100% digital radiology workflows across multiple sites, allowing radiologists to read studies remotely from anywhere using consumer-grade hardware and standard connectivity. It is sold as a SaaS subscription with monthly billing to enterprise healthcare customers globally.
Product overview
Lifetrack Medical Systems offers LifeSys RIS/PACS, a unified platform for radiology operations consisting of core RIS/PACS software with multiple integrated modules. The flagship LifeSys RIS/PACS is the first truly distributed enterprise radiology platform, combining PACS (Picture Archiving and Communication System) with RIS (Radiology Information System) capabilities. Key modules include RadNav (patented radiologist guidance system with active templates), RadVoice (built-in speech recognition), RadGate (HIPAA-compliant DICOM encryption), RadSync (DICOM anonymization), RadAlerts (auto-notifications), RadLink (facility interoperability), RadDash (analytics dashboard), Deep Learning API (AI integration), and Decision Support System. The platform enables radiologists to read studies from anywhere using consumer hardware, connecting multiple hospitals, imaging centers, and clinics with significantly lower IT infrastructure costs. Teleradiology capabilities are fully integrated, supporting distributed radiology operations.
Differentiator
Problem solved
Functional benefit
Brands
- LifeSys: The company's flagship RIS/PACS (Radiology Information System and Picture Archiving and Communication System) platform. LifeSys is a next-generation radiology solution that enables distributed enterprise radiology, allowing radiologists to read from anywhere. It features patented RadNav technology for radiologist guidance, RadVoice for dictation, RadAlerts for notifications, RadGate for HIPAA-compliant encryption, and Deep Learning API integration.
Products and services
- LifeSys RIS/PACS An integrated 4th-generation RIS/PACS platform that enables 100% digital radiology workflow across multiple hospitals, imaging centers, and clinics. Sold as a SaaS subscription to enterprise healthcare organizations globally, allowing radiologists to read cases remotely from anywhere using consumer-grade hardware.
- LifeSys Teleradiology Teleradiology solution enabling radiologists to read cases remotely from anywhere, supporting distributed enterprise radiology operations with seamless workflow integration for hospitals and imaging centers.
- Radiology Augmentation as a Service (RAaaS) A service designed to address challenges of solo teleradiology practice by allowing radiologists to offload administrative burdens and focus on core diagnostic work.
- COVID-19 Global Image Registry A secure, anonymized, and scalable global medical image repository built on the LifeSys platform to help radiologists and researchers analyze chest CT scans for COVID-19 case identification and research purposes.
Quantifiable outcome
- Turnaround times under 15 minutes even on complex cases
- +4 more outcomes
Companies that use Lifetrack Medical Systems
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
Lifetrack Medical Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability11 records
Feature11 records
Lifetrack Medical Systems partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- GE HealthcareflagshipCo-presented at Hospital Management Asia 2017 on 'Disruptive Healthcare Innovations for Emerging Markets'. GE Healthcare provides transformational medical technologies and services with expertise in medical imaging and information technologies.
- FamilyDOC / AC Health (Ayala Group)flagshipLarge chain of clinics using LifeSys for teleradiology. FamilyDOC utilizes tele-radiology through LifeTrack platform for X-ray and ultrasound readings with official reading provided in as little as 15 minutes.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Lifetrack Medical Systems competitors and assessment
Company assessmentBroad incumbents
- Carestream Health: Established vendor of PACS, RIS, and enterprise imaging platforms sold to hospitals and imaging centers globally. Directly competes with LifeSys in the radiology workflow category, but with a much larger installed base, on-prem legacy footprint, and broader modality portfolio.
- Philips Healthcare (IntelliSpace PACS): Global imaging IT incumbent whose IntelliSpace PACS and enterprise imaging suite target the same hospital radiology buyers Lifetrack serves. Philips is simultaneously an investor and channel partner, making it both a comparable peer and a strategic relationship.
- GE Healthcare (Centricity PACS / Edison): Operates Centricity PACS and the Edison imaging AI platform, addressing the same hospital and imaging-center radiology IT workflows as LifeSys. GE is both a co-marketing partner (Hospital Management Asia 2017) and a competitor with deeper enterprise reach.
- Agfa HealthCare (Enterprise Imaging): Provides enterprise imaging, PACS/RIS, and integrated radiology workflow solutions to hospitals and networks. Comparable to Lifetrack on the RIS/PACS core, though typically deployed in mid-to-large hospitals rather than emerging-market teleradiology.
Direct peers
- Sectra: Specialist PACS and enterprise imaging vendor focused on radiology and orthopaedics, with a strong track record in distributed/multi-site hospital deployments. Closest direct comparator in terms of pure-play radiology IT positioning and cross-site workflow emphasis.
- RamSoft: Cloud-native PACS/RIS vendor serving hospitals, imaging centers, and teleradiology groups worldwide. Comparable to Lifetrack on cloud-based distributed architecture and SMB/mid-market radiology focus, and competes for similar teleradiology workflows.
- INFINITT Healthcare: PACS/RIS and AI platform vendor focused on radiology and oncology, with strong penetration in Asia-Pacific markets including the Philippines. Direct head-to-head competitor for the same hospital radiology IT buyers Lifetrack targets.
- NovaRad: US-based PACS, RIS, and image exchange vendor selling to hospitals and imaging centers. Comparable in product scope and mid-market enterprise focus, especially for distributed radiology networks in North America.
Emerging players
- TeraRecon: Advanced visualization and AI imaging platform with deep-learning clinical apps, listed as a Lifetrack technology partner. Competes in adjacent AI-augmented imaging workflows and is increasingly bundled into PACS ecosystems.
- Teleradiology Solutions: Large India-headquartered teleradiology provider with US and African operations, addressing the same distributed reading and emerging-market radiology access use cases that Lifetrack's platform enables. Comparable on teleradiology service model and South Asia/Africa footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Lifetrack Medical Systems social profiles
Digital presenceLifetrack Medical Systems compliance and trust
Trust signalCompliance4 records
Lifetrack Medical Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lifetrack Medical Systems leadership team
Management profileNumber of profiles
Profiles6 records
Lifetrack Medical Systems funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lifetrack Medical Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lifetrack Medical Systems
What does Lifetrack Medical Systems do?
Lifetrack Medical Systems develops and sells LifeSys RIS/PACS, a next-generation distributed enterprise radiology platform that combines Radiology Information System (RIS) and Picture Archiving and Communication System (PACS) capabilities. The platform enables hospitals, imaging centers, and radiology practices to perform 100% digital radiology workflows across multiple sites, allowing radiologists to read studies remotely from anywhere using consumer-grade hardware and standard connectivity. It is sold as a SaaS subscription with monthly billing to enterprise healthcare customers globally.
Is Lifetrack Medical Systems a public or private company?
Lifetrack Medical Systems is a private company. It is classified as venture growth investor backed and is currently operating.
When was Lifetrack Medical Systems founded?
Lifetrack Medical Systems was founded in 2015. It employs 11 to 50 people.
Where is Lifetrack Medical Systems based?
Lifetrack Medical Systems is headquartered in Singapore, Singapore, in the Asia region.
How does Lifetrack Medical Systems make money?
Two revenue lines are on record. LifeSys RIS/PACS Software Subscription is the primary driver. The others are software License and Access.
Who are Lifetrack Medical Systems's main competitors?
Broad incumbents on record are Carestream Health, Philips Healthcare (IntelliSpace PACS), GE Healthcare (Centricity PACS / Edison) and Agfa HealthCare (Enterprise Imaging). Direct peers are Sectra, RamSoft, INFINITT Healthcare and NovaRad. Emerging players are TeraRecon and Teleradiology Solutions.
Does Lifetrack Medical Systems have an API?
Yes. Deep Learning API that allows integration of various deep learning applications with the LifeSys platform. Enables review and verification of deep learning findings and images, with Active Templates auto-filled by deep learning applications for radiologist concordance.
What industry is Lifetrack Medical Systems in?
Lifetrack Medical Systems's product category is Radiology Imaging Software. Its primary akta.pro industry code is HLACALAA, Picture Archiving & Communication Systems (PACS), with a secondary code of HLACALAK, Teleradiology Platforms & Reading Workflow. Its NAICS code is 513210 and its SIC code is 7372.