iCAD and Densitas Partner to Enhance Precision Breast Health with Leading AI Solutions for Mammography Quality, Cancer Detection, and Risk Evaluation
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Insights
The strategic partnership between iCAD, Inc. and Densitas, Inc. represents a significant advancement in the integration of AI technologies in breast cancer screening and diagnosis. From a medical research perspective, the collaboration is poised to enhance the precision of diagnostic procedures and risk assessments, which could lead to earlier detection and potentially improved patient outcomes. The ProFound AI solutions and the intelliMammo platform are at the forefront of this technological integration, leveraging deep learning and machine learning algorithms to improve reading sensitivity and specificity for radiologists.
One of the key benefits highlighted is the reduction in reading times for 3D mammography datasets by over 50%, which could significantly increase the efficiency of radiologists' workflows. Moreover, the ability to predict breast cancer risk with greater accuracy than traditional models is a noteworthy development, potentially leading to more effective screening strategies and resource allocation.
However, the widespread adoption of such AI-powered tools depends on the demonstration of consistent clinical benefits across diverse populations and healthcare settings. Additionally, the cost-effectiveness and integration with existing healthcare systems will be important factors determining the success of this partnership in improving breast health outcomes on a global scale.
From an economic standpoint, the partnership between iCAD and Densitas may have far-reaching implications for the healthcare industry, particularly in terms of cost savings and resource optimization. By reducing mammography reading times and improving diagnostic accuracy, healthcare facilities could potentially lower operational costs and enhance patient throughput. This is particularly relevant given the increasing demand for breast cancer screening services worldwide.
Furthermore, the operational efficiencies promised by the intelliMammo platform, such as reduced image quality error rates and streamlined compliance with MQSA EQUIP and ACR accreditation standards, could translate into financial benefits for imaging centers. These improvements might also reduce the likelihood of costly legal and regulatory issues arising from non-compliance.
It is important to consider, however, that the initial investment in AI technology and training for medical professionals could be substantial. The long-term economic impact will depend on the balance between upfront costs and the realization of efficiency gains. Additionally, the scalability of these AI solutions in different market segments, including those with budget constraints, will be a determinant of their overall economic impact on the healthcare system.
The iCAD and Densitas partnership underscores the growing importance of regulatory compliance in the deployment of AI solutions in healthcare. The intelliMammo platform's focus on adhering to MQSA EQUIP and ACR accreditation standards addresses a critical need for mammography facilities to maintain high-quality standards while navigating the complex regulatory landscape.
By offering a system that maximizes operational efficiency and optimizes compliance, the partnership is setting a precedent for how AI can be used to not only enhance clinical outcomes but also ensure that facilities meet stringent quality control measures. This dual focus on clinical excellence and regulatory adherence is likely to set a new benchmark for AI applications in healthcare.
However, as AI solutions become more integrated into healthcare practices, ongoing scrutiny from regulatory bodies is expected. It will be essential for iCAD and Densitas to maintain transparency and adapt to evolving standards to ensure their solutions meet the highest levels of regulatory compliance, which will be key to their sustained success in the market.
- Provides a holistic breast health solution, including breast cancer screening focused on quality, safety and efficiency, breast cancer detection, breast density assessment, and risk evaluation
- Expands access to iCAD’s AI-powered ProFound Breast Health Suite and Densitas’ AI solutions to patients and medical professionals worldwide
NASHUA, N.H. and HALIFAX, Nova Scotia, April 09, 2024 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global leader in clinically proven AI-powered cancer detection solutions, announced a strategic partnership with Densitas, Inc., a global leader in operational AI solutions for breast cancer screening. The partnership enables breast imaging centers and radiologists to provide end-to-end breast health care that ensures every aspect of a woman’s breast health journey is addressed, starting from the first step of quality screening mammograms and extending through breast cancer detection, breast density assessment, and a comprehensive evaluation of breast cancer risk.
"We are thrilled to announce this strategic collaboration with Densitas to offer physicians and patients a more comprehensive, holistic approach to precision breast health care,” said Dana Brown, President and CEO of iCAD. “By combining Densitas’ AI-powered intelliMammo® platform with iCAD’s AI-powered ProFound Breast Health Suite, we are transforming early breast cancer detection and intervention.”
Densitas offers a robust and comprehensive mammography quality assurance platform, comprised of intelliMammo® and intelliMaven™. IntelliMammo® is built on deep learning and machine learning algorithms that assess clinical image quality and breast density that are the foundation for advanced analytics, continuous quality control, efficient workflows and remote quality oversight. In an industry-first move, intelliMaven™ is a GPT AI application engineered to streamline workflows, deliver on-demand expert feedback, and foster a culture of confidence and autonomy among technologists. The integrated platform delivers a scalable, sustainable quality assurance system tailored for mammography facilities to maximize operational efficiency, optimize compliance with the FDA Mammography Quality Standards Act (MQSA) EQUIP, and meet ACR accreditation standards. The platform empowers facilities to maximize resource allocation and focus on activities that drive the most value.
With iCAD’s AI-enabled ProFound Breast Health Suite, offering clinically proven solutions for cancer detection, density assessment, and personalized risk evaluation, medical professionals will have a more well-rounded set of data on each patient’s breast health. Clinical studies have demonstrated that the use of iCAD’s ProFound AI solutions can significantly improve reading sensitivity and specificity and reduce reading times, thus enhancing clinical decision support and workflow efficiency for radiologists.
“Our partnership with iCAD is a commitment to women’s health that spans the spectrum of breast health care,” said Mo Abdolell, founder and CEO of Densitas. “At the heart of this collaboration is the understanding that mammography is the first line of defense in breast cancer detection. It sets the stage for every decision that follows in the diagnostic, prevention, and treatment pathways. Our operational AI solutions, intelliMammo® and intelliMaven™ GPT AI assistant, together with iCAD’s AI-powered Breast Health Suite elevate the standard for image quality, screening and diagnostic accuracy, and comprehensive care with state-of-the-art AI innovations. This synergy ensures that every woman receives the most precise and personalized care journey possible.”
ProFound Breast Health Suite
ProFound AI offers clinically proven time-saving benefits to radiologists, including reducing reading time by
IntelliMammo® AI Mammography Quality Platform
IntelliMammo® reduces clinical image quality error rates by as much as
About Densitas, Inc.
Densitas, Inc. is a global leader in AI-driven solutions for breast cancer screening focused on improving mammography quality, workflows, and operational efficiencies that enable care providers to realize higher returns from high-value activities while ensuring sustainable service delivery and better patient outcomes. Headquartered in Halifax, NS, Densitas’ intelliMammo® AI-powered platform redefines mammography quality compliance with operational AI solutions that provide mammography positioning and breast density assessments, streamline compliance with MQSA EQUIP/ACR standards, and supply care providers with actionable information through digitized workflows and evidence-based decision tools. For more information, visit www.densitashealth.com.
About iCAD, Inc.
iCAD, Inc. (NASDAQ: ICAD) is a global leader on a mission to create a world where cancer can’t hide by providing clinically proven AI-powered solutions that enable medical providers to accurately and reliably detect cancer earlier and improve patient outcomes. Headquartered in Nashua, N.H., iCAD’s industry-leading ProFound Breast Health Suite provides AI-powered mammography analysis for breast cancer detection, density assessment and risk evaluation. Used by thousands of providers serving millions of patients, ProFound is available in over 50 countries. In the last five years alone, iCAD estimates reading more than 40 million mammograms worldwide, with nearly
Forward-Looking Statements
Certain statements contained in this News Release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the expansion of access to the Company’s products, improvement of performance, acceleration of adoption, expected benefits of ProFound AI®, the benefits of the Company’s products, and future prospects for the Company’s technology platforms and products. Such forward-looking statements involve a number of known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited, to the Company’s ability to achieve business and strategic objectives, the willingness of patients to undergo mammography screening in light of risks of potential exposure to Covid-19, whether mammography screening will be treated as an essential procedure, whether ProFound AI will improve reading efficiency, improve specificity and sensitivity, reduce false positives and otherwise prove to be more beneficial for patients and clinicians, the impact of supply and manufacturing constraints or difficulties on our ability to fulfill our orders, uncertainty of future sales levels, to defend itself in litigation matters, protection of patents and other proprietary rights, product market acceptance, possible technological obsolescence of products, increased competition, government regulation, changes in Medicare or other reimbursement policies, risks relating to our existing and future debt obligations, competitive factors, the effects of a decline in the economy or markets served by the Company; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “demonstrate,” “intend,” “expect,” “estimate,” “will,” “continue,” “anticipate,” “likely,” “seek,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release. For additional disclosure regarding these and other risks faced by iCAD, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.icadmed.com and on the SEC’s website at http://www.sec.gov.
CONTACTS
Media inquiries: pr@icadmed.com
Investor Inquiries: ir@icadmed.com
Media inquiries: marketing@densitashealth.com
i Conant, E. et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence.
ii ProFound Risk is CE Marked, Health Canada Licensed, and available for investigational use only in U.S.
iii Mikael Eriksson et al. A risk model for digital breast tomosynthesis to predict breast cancer and guide clinical care. Sci. Transl. Med. 14, eabn3971 (2022). DOI: 10.1126/scitranslmed.abn3971
iv Eriksson M, Czene K, Strand F, Zackrisson S, Lindholm P, Lång K, Förnvik D, Sartor H, Mavaddat N, Easton D, Hall P. Identification of Women at High Risk of Breast Cancer Who Need Supplemental Screening. Radiology. 2020 Nov;297(2):327-333. doi: 10.1148/radiol.2020201620. Epub 2020 Sep 8. PMID: 32897160.
v Abdolell, M. et al. (2023) Driving mammography image quality improvement using A.I. in Guyana during the Covid-19 pandemic. European Congress of Radiology. Vienna Austria. Poster #C-23808
vi Astley, SM. et al. (2018) A comparison of five methods of measuring mammographic density: a case- control study. Breast Cancer Research
FAQ
What is the partnership between iCAD and Densitas about?
What are the key benefits of iCAD's ProFound AI solutions?
How does IntelliMammo® AI Mammography Quality Platform benefit mammography facilities?
What is the significance of intelliMaven™ in the partnership?
How does ProFound Risk platform differentiate from traditional risk models?
