Nucleus Health

What Nucleus Health does

StatRad, LLC (formerly NucleusHealth) is a private, radiologist-owned teleradiology company headquartered in San Diego, California, founded in 1995. The company delivers remote radiology interpretation services to 675 healthcare sites across 41 states, operating 24/7/365 with a primary focus on evening and weekend coverage when in-house radiology staffing is constrained. Its reading capacity is built around a network of 95 home-based radiologists, supplemented by a record 25 new radiologists added in the most recent year, and is expected to read 1.8 million studies over the next 12 months.

The company's core offering, branded StatRad Teleradiology Services, is delivered through the StatRad Advantage platform, which integrates proprietary cloud-enabled medical image management, workflow optimization, and image-sharing capabilities to drive rapid study turnaround times. Historically, the company also commercialized a cloud-native image management stack including a zero-footprint diagnostic viewer, patented streaming technology, intelligent workflow, and image-sharing solutions; this technology portfolio was acquired by Change Healthcare in 2020, after which the company refocused exclusively on teleradiology services. The company has reported 25 consecutive years of top-line organic growth with an annual average growth rate exceeding 20% over the past 20 years.

StatRad's business model is B2B enterprise sales to hospital systems, healthcare networks, and radiology groups, executed through direct, consultative engagement with a 'Request a quote' pricing model tailored to each provider's study volume and modality mix. Distribution is regional-direct across 41 states, supported by content marketing (case studies, white papers, blog), organic social presence (LinkedIn, Twitter, Facebook), and PRWeb press releases. The company is led by President and CEO Claude Hooton and Executive Chairman Vishal Verma, with co-founder Douglas Bates among its founding leadership.

Name

Nucleus Health

Legal name

StatRad, LLC

Website

https://nucleushealth.io

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

StatRad (formerly NucleusHealth) is a private, radiologist-owned teleradiology company in San Diego that provides 24/7/365 remote radiology interpretation to 675 healthcare sites across 41 states through a network of 95 home-based radiologists.

Ownership category

akta.pro rank

Product category

Teleradiology Services

NAICS

Diagnostic Imaging Centers (621512)

SIC

Services-Health Services (8000)

akta.pro primary industry

Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB)

Keywords

• Teleradiology services
• Medical image interpretation
• Cloud medical imaging
• Radiology reading services
• Radiologist staffing solutions

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Teleradiology Services: The company generates revenue through providing teleradiology interpretation services to healthcare providers. Healthcare facilities submit medical imaging studies (X-rays, CT scans, MRI, etc.) for remote interpretation by StatRad's network of radiologists. Services are provided 24/7/365, with primary focus on evenings and weekends when in-house radiology coverage may be limited. The company serves 675 sites in 41 states.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

StatRad (formerly NucleusHealth) provides 24/7/365 teleradiology interpretation services through a network of 95 radiologists who work remotely, serving 675 healthcare sites across 41 states. The company specializes in after-hours (evenings, nights, and weekends) diagnostic reading of medical imaging studies (X-rays, CT scans, MRI) and leverages proprietary cloud-enabled image management technology to deliver rapid turnaround times. The StatRad Advantage platform combines teleradiology services with proprietary technology to optimize patient care.

Product overview

StatRad operates as a market-leading teleradiology company offering a unified service platform centered on teleradiology interpretation and cloud-enabled medical image management. The core offering is StatRad Teleradiology Services, a 24/7/365 radiology reading service delivered by 95 radiologists. Previously, the company also offered a cloud-native image management technology (including zero-footprint viewer, patented streaming, intelligent workflow, and image sharing) which was acquired by Change Healthcare in 2020. The company now focuses exclusively on its teleradiology services and the StatRad Advantage platform, which integrates proprietary technology to deliver rapid turnaround times to 675 healthcare sites across 41 states.

Differentiator

Problem solved

Functional benefit

Products and services

• StatRad Teleradiology Services

Quantifiable outcome

• 675 sites served across 41 states
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Imaging On Call: Imaging On Call is a teleradiology provider serving hospitals and imaging centers with remote interpretation services. It directly competes with StatRad for after-hours and overflow radiology reads at U.S. hospitals.
• USARAD Holdings: USARAD is a teleradiology and radiology services company serving hospitals, imaging centers, and physician groups. It competes with StatRad in remote radiology interpretation with a similar customer base.
• Radiology Partners: Radiology Partners is a large physician-led radiology practice that includes a significant teleradiology component. It competes with StatRad for hospital radiology contracts and for radiologist talent, though it is more diversified across on-site and remote services.
• Teleradiology Solutions: Teleradiology Solutions is a U.S./India-based teleradiology provider offering remote interpretations to hospitals globally. It is a direct competitor for remote radiology reads, particularly for off-hours and overflow coverage similar to StatRad's core offering.
• vRad (Virtual Radiologic, a RadNet company): vRad is one of the largest U.S. teleradiology providers, offering 24/7 remote interpretation to hospitals and imaging centers. It is the most direct competitor to StatRad in scale, scope, and customer type (hospital systems requiring off-hours coverage).

Broad incumbents

• Philips (Radiology Solutions): Philips offers enterprise imaging and teleradiology workflow software as part of its broader healthcare imaging portfolio. It is a broad incumbent that competes indirectly through integrated radiology IT platforms that hospitals may prefer over best-of-breed teleradiology services.
• Optum (UnitedHealth Group) / Change Healthcare: Change Healthcare (now part of Optum) acquired StatRad's former cloud image management platform in 2020 and is a major force in radiology IT and workflow. Optum's healthcare services footprint and Change Healthcare's imaging platform make it a broad incumbent adjacent to StatRad's services business.
• Mednax (Radiology Solutions): Mednax operates a national radiology services and teleradiology business alongside its larger physician services portfolio. It is a broad incumbent competitor in hospital teleradiology with deeper capital and a wider service mix than StatRad.
• Envision Healthcare (Radiology): Envision Healthcare operates a national radiology practice and teleradiology arm as part of its broader physician staffing and outsourced services business. It is a broad incumbent competing for hospital radiology contracts.

Others

• Dicom Systems: Dicom Systems provides medical imaging workflow, PACS, and interoperability software used by teleradiology providers and hospitals. It is an adjacent enabling technology vendor rather than a direct competitor, but its tools underpin teleradiology operations similar to StatRad's prior in-house platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/NucleusHealthIO
• Facebookfacebook.com/nucleushealth.io
• LinkedInlinkedin.com/company/statrad

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nucleus Health