OUR SUCCESS STORIES
lifeIMAGE, Boston, MA
Diagnostic imaging has become an expensive part of healthcare delivery. Waste and duplication is excessive and there is room for quality improvement, reducing costs and minimizing patient exposure to unneeded radiation. In 2008, Hamid Tabatabaie, Amy Vreeland and Grady Gerade, had the vision to transform and simplify the exchange of diagnostic imaging between hospitals, physicians, and patients, worldwide. That year they built their first prototype and set out to raise funds to build their team, move from prototype to production, and market its solution to the healthcare community.
Taking advantage of the vibrant Massachusetts healthcare environment and venture community, Hamid and the lifeIMAGE team received early financial support from the Partners Healthcare Innovation fund, MassVentures (then MTDC), EMC and angel investors. “From the start, Jerry Bird and the MassVentures investment team have played a vital role in our success. Jerry has brought fantastic experience as a venture capitalist in guiding our company strategy and the future growth of our company,” says Hamid Tabatabaie, CEO and founder at lifeIMAGE.
Over past few years, lifeIMAGE has developed a customer base anchored by prestigious local institutions such as the Massachusetts General Hospital, Boston Children’s Hospital, Boston Medical Center, and Baystate Health System. The lifeIMAGE solution helped position the hospitals and Massachusetts as having an imaging exchange system that other states are striving to replicate. In turn, renowned organizations such as Stanford Hospitals & Clinics, Yale-New Haven Health System, Baylor Health Care System, and The Ohio State University Medical Center, to name a few, have also joined the lifeIMAGE network.
MassVentures has participated in each subsequent funding round to help lifeIMAGE expand its position in the market and to grow its team and solution capabilities. In addition, the Massachusetts Technology Collaborative recently awarded lifeIMAGE a grant to provide communication of imaging exams to the Commonwealth’s Health Information Exchange. For that grant, lifeIMAGE will demonstrate the viability of a simple approach to allow physicians access to patients’ imaging history during trauma transfers, no matter where the images were captured in the first place. “We all know that Massachusetts is a world leader in healthcare. The State of Massachusetts through MassVentures, the Mass Tech Collaborative and the Massachusetts eHealth Institute has helped create an environment that will continue to position Massachusetts as a leader in both healthcare delivery and innovation,” concluded Tabatabaie.
lifeIMAGE provides a broad set of solutions for universal e-sharing of diagnostic imaging information. These products securely connect hospitals, radiology groups and physicians to their patients everywhere and are currently deployed at many of the nation’s leading healthcare institutions and academic medical centers. The goal of the lifeIMAGE platform is to help avoid duplicate exams and eliminate unnecessary patient exposure to excessive radiation. Learn more at http://www.lifeimage.com.