Virtual Radiologic

What Virtual Radiologic does

Virtual Radiologic Corporation (vRad) is a US-based outsourced radiology practice and telemedicine company headquartered in Edina, Minnesota, founded in 2001 by Sean Casey, MD and Eduard Michel, MD, PhD. The company connects a national network of 500+ board-certified radiologists to 1,600–2,500+ hospitals, health systems, imaging centers, and rural facilities for 24/7 remote diagnostic interpretations, reading approximately 6.7 million studies per year and serving a cumulative 117 million+ patients. vRad operates dedicated clinical protocols for stroke imaging (sub-7-minute average turnaround), trauma imaging (sub-12 minutes), and subspecialist telemammography, supported by a 24/7 Operations Center.

At the core of the business is a proprietary AI-enabled platform integrating PACS, voice recognition, worklist management, structured reporting, and quality assurance, protected by 25 patents and powered by 27 proprietary AI models covering 19 critical pathologies including intracranial hemorrhage, pulmonary embolism, and aortic dissection. AI capability includes computer vision for post-sign-off QA (generating 2,000+ diagnostic corrections annually), NLP-driven critical-finding auto-dialing within as little as 2 minutes, and workflow optimization algorithms. The platform holds SOC 2 Type II compliance, Joint Commission Gold Seal of Approval continuously since 2004, and FDA 510(k) clearance for vRad PACS with mammography, and integrates with all major PACS, EMR, and 150,000+ imaging devices.

vRad monetizes through B2B service agreements with healthcare facilities for teleradiology interpretations (over 80% of volume from final reports since 2004) and, since November 2025, through commercial licensing of The vRad Platform to external radiology practices seeking to consolidate fragmented PACS environments. The company has operated as a subsidiary of Radiology Partners since 2020, and pursues a sales-led enterprise go-to-market focused on imaging leaders and hospital administrators, supplemented by radiologist recruitment, CME education, and industry-conference thought leadership.

Name

Virtual Radiologic

Legal name

Virtual Radiologic Corporation

Website

https://vrad.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

vRad is a US-based outsourced teleradiology practice that operates an AI-enabled platform connecting 500+ board-certified radiologists to 1,600+ healthcare facilities for 24/7 remote diagnostic imaging interpretations, serving hospitals, rural facilities, and now external radiology practices.

Ownership category

akta.pro rank

Product category

Teleradiology Services

NAICS

Diagnostic Imaging Centers (621512), Computer Systems Design and Related Services (54151)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

AI Orchestration & Imaging Analytics Platforms (Model Management/Triage) (HLACALAG)

akta.pro secondary industries

Universal Viewers & Enterprise Imaging Access (Zero-footprint/Diagnostic) (HLACALAD), Quality, Peer Review & Compliance Tools (MQSA/ACR/QA) (HLACALAL)

Keywords

• Teleradiology services
• Remote radiology interpretation
• AI radiology platform
• Medical imaging workflow
• Radiology practice technology

Headquarters

HQ city

Eden Prairie

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, Infrastructure

Revenue model

1. Teleradiology Services: vRad provides final radiology reports and preliminary interpretations to healthcare facilities 24/7. Revenue is generated through service agreements with hospitals and healthcare facilities across the United States. Over 80% of total study volume comes from final reports since 2004.
2. vRad Platform Licensing: Commercial licensing of the proprietary AI-enabled technology and support platform to external radiology practices seeking to consolidate PACS and support systems, unify disparate technologies, and improve operational performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

vRad provides 24/7 outsourced teleradiology interpretation services to hospitals, health systems, and imaging centers across the United States, with more than 500 board-certified radiologists delivering final and preliminary reports, subspecialty reads, and AI-augmented quality assurance. The company also commercially licenses its proprietary AI-enabled vRad Platform to external radiology practices for PACS consolidation, workflow optimization, and AI-powered productivity gains.

Product overview

vRad operates as a unified radiology ecosystem combining a proprietary AI-enabled technology platform with teleradiology services. The core vRad Platform provides the foundational infrastructure—including PACS, voice recognition, worklist management, and structured reporting—augmented by 27 proprietary AI models for prioritization and quality assurance. This platform supports specialized protocols for Stroke Imaging and Trauma Imaging, subspecialist Breast Imaging Services, a 24/7 Operations Center for clinical and technical support, and a CME Education program. The ecosystem serves both vRad's own 500+ radiologists reading for 1,600 facilities and is now commercially available to external radiology practices through The vRad Platform offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Teleradiology Services 24/7 remote radiology interpretation services providing final reports, prior image retrieval, and structured reporting for hospitals, health systems, and imaging centers across the United States.
• The vRad Platform Fully integrated AI-enabled radiology technology and support platform including PACS, voice recognition, worklist prioritization, structured reporting, 24/7 clinical and technical support, and real-time dashboards; commercially licensed to external radiology practices to consolidate PACS, unify fragmented systems, and improve operational performance.
• Breast Imaging Services Subspecialist telemammography service providing screening mammograms with 48-hour turnaround, 1-hour diagnostic mammograms with face-to-face video consultation, and MQSA compliance support including physicist info and LIP reviews; integrated with Hologic, Fuji, and other mammography units.
• Stroke Imaging Protocol Specialized neuroradiology workflow that auto-assigns stroke cases to the top of all available radiologists' worklists with sub-7-minute average turnaround, ASPECTS scoring, NLP-triggered critical result calls in 2 minutes, and compliance with Comprehensive Stroke Center guidelines.
• Trauma Imaging Protocol Unique teleradiology workflow that separates case images into anatomical groups so multiple radiologists can read neuro, body, and extremity studies simultaneously, delivering sub-12-minute average turnaround times even during high-volume periods.
• Operations Center 24/7 US-based clinical and technical support hub managing imaging studies, facilitating rapid communication between radiologists and care teams, and serving as a single point of contact for facilities and radiologists.
• AI Quality Assurance Program AI-supported quality assurance program that compares radiology reports to images after sign-off, flagging potential missed critical findings across 8 critical pathologies for second review by QA radiologists, enabling more than 2,000 diagnostic corrections annually.

Quantifiable outcome

• Stroke turnaround time reduced to under 7 minutes average since 2016
• +9 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability8 records

Feature8 records

Partnerships

One partnership is on record.

• VITAL WorkLifecoreStrategic or Co-development Partner · 12 October 2022Partnership to provide confidential, physician-focused wellness solutions to vRad radiologists and their families. Services include Concierge Services, Peer Coaching, Parental Coaching, Professional Counseling, Legal Coaching, and Financial Coaching available 24/7 at no cost. Addresses burnout prevention and physician well-being for the national remote workforce.

Scale indicators20 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• RadNet: Largest US outpatient diagnostic imaging network operating hundreds of imaging centers, with growing AI capabilities (including iCAD acquisition). Overlaps with vRad in imaging interpretation and is increasingly building AI-driven radiology workflow tools.
• Radiology Partners: The parent company of vRad since 2020 and the largest US radiology practice, operating a national network of radiology groups. Functions as both parent and adjacent practice with overlapping teleradiology and on-site radiology services to hospitals and health systems.
• Konica Minolta Healthcare: Healthcare IT division of Konica Minolta providing diagnostic imaging solutions (Exa PACS/RIS), enterprise imaging, and AI-driven workflow. Competes with vRad in imaging informatics and radiology platform software, particularly for multi-site hospital systems.

Direct peers

• Real Radiology: US teleradiology practice providing 24/7 final and preliminary reads to hospitals, imaging centers, and radiology groups. Competes with vRad on turnaround time, subspecialty coverage, and practice-based licensing of technology.
• US Radiology Specialists: One of the largest US radiology physician practices with a subspecialty teleradiology arm serving hospitals and imaging centers nationwide. Direct competitor to vRad in outsourced final-report interpretation, with parallel on-call coverage and subspecialist reads.
• ONRAD: Full-service teleradiology practice offering on-site and remote interpretations, including subspecialty reads. Directly comparable to vRad's combination of teleradiology services, QA programs, and technology-enabled workflow.
• Intelerad Medical Systems: Provider of enterprise imaging (PACS, RIS, VNA) and radiology workflow software to hospitals and radiology practices globally. Direct competitor to the vRad Platform for PACS consolidation, AI orchestration, and radiology IT infrastructure.

Emerging players

• Aidoc: AI radiology platform vendor offering triage, worklist prioritization, and notification algorithms deployed across hospital PACS. Competes with vRad's 27-model AI stack as a third-party AI layer for enterprise imaging, often integrated alongside incumbent PACS.
• Sirona Medical: Cloud-native, AI-powered radiology operating system unifying PACS, RIS, reporting, and AI workflow. Direct emerging competitor to the commercial vRad Platform, targeting radiology practices seeking to consolidate disparate technologies.
• Nanox AI (formerly Zebra Medical Vision): AI medical imaging company offering a portfolio of FDA-cleared algorithms for population health and clinical workflow. Competes with vRad's AI QA and prioritization capabilities as an emerging third-party platform that health systems can buy instead of licensing vRad's stack.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/vrad
• YouTubeyoutube.com/channel/UCpYr1xnsH4lc_7DBNWyAuDg
• Facebookfacebook.com/VirtualRad
• LinkedInlinkedin.com/company/24925

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Virtual Radiologic