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Hexarad sees recruitment upswing following radiologist share scheme launch

Radiology start-up Hexarad has reported a significant rise in their recruitment figures following the launch of its unique share scheme in 2021. All radiologists reporting scans for Hexarad have been invited to join the exclusive share scheme, which allows them to earn shares in the company in addition to their usual remote reporting fees.

Through the share scheme, Hexarad is hoping to continue to attract and retain the best quality radiologists to satisfy the increasingly high demand for its services. Hexarad’s intelligent end-to-end outsourcing solution has also been particularly in demand, as it not only provides high-quality remote reporting, but also offers a bespoke software solution, OptiRad, which helps radiology departments manage their workflow more efficiently.

Hexarad CCO, Dr Amy Davis, commented, “It is fantastic to see that our share scheme is already motivating more radiologists to join Hexarad. Our conversations with radiologists suggested that making reporters feel truly valued and rewarded for their expertise was absolutely vital, which is how the share scheme was born. With more and more teleradiology solutions in the UK, radiologists have a huge amount of choice for remote reporting, so I think innovations like the Hexarad share scheme are going to become increasingly important.”

Hexarad has seen ever-increasing demand for its radiology services since the Company was founded in 2016. The ongoing global shortage of radiologists is putting increased pressure on healthcare services, especially as many are now dealing with significant diagnostic backlogs due to the COVID-19 pandemic. Delays to scan reporting lead to delayed diagnoses, resulting in poorer outcomes for patients.

Hexarad recently closed a £2.3m funding round which included a £1.7 million growth capital investment from Foresight Group, the leading private equity and infrastructure investment manager. This funding will enable the company to support more NHS and private healthcare customers, adding deeper capability and specialisation to its reporter network and further improving the technology which is core to its customer and radiologist experience.