Friday, October 27, 2023

Egyptian Health Tech to Save Saudi Lives After Acquisition

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Rology: The AI-Powered Teleradiology Platform Revolutionizing Healthcare in Saudi Arabia

Saudi Arabia’s healthcare sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes. Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United. In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market.

“This acquisition allows Rology to accelerate our mission of bringing the latest innovations in teleradiology to healthcare providers and patients in the Kingdom and beyond,” he said.

Rology primarily addresses the significant shortage of radiologists and the subsequent delay in diagnosis across the Middle East and Africa region. The platform bridges the divide by linking healthcare providers with a wide network of certified sub-specialized radiologists who are accessible 24 hours a day. It provides timely radiology diagnoses and reports directly within the platform, eliminating setup costs and the need for additional systems. Additionally, Rology’s advanced AI algorithms assist in flagging critical cases and prioritizing them, reducing time to diagnosis. The platform ensures high-quality reporting through its rigorous, multi-tier quality assurance process.

Rology aims to rapidly expand its presence in the Saudi market by leveraging its technology and utilizing strategic acquisitions to achieve its targets. The company’s strategy leverages a platformalization, democratization, and decentralization model to enhance the radiology industry. Operating under a pay-per-report basis, Rology ensures a steady income stream while accommodating the variable demand of radiology services.

“By transforming radiology into an on-demand platform-based service, Rology democratizes access to quality diagnostic care, allowing professionals worldwide to contribute and collaborate,” Abodriaa said.

“Saudi Arabia is a key market and one of the most important in the region for health tech. The Saudi healthcare sector is still the largest in the Near East North Africa region and is quickly catching up and growing at a faster pace,” Abodriaa stated.

With the Kingdom reducing its dependency on hospital care and moving toward preventive health services, it aims to digitalize 70 percent of patient activities by 2030. Rology’s focus on digitalizing the healthcare sector in Saudi Arabia aligns with the government’s ongoing efforts to drive significant improvements in the wellness space.

“The decentralization of radiology services further disrupts the traditional system, making advanced diagnostics accessible and affordable for everyone, thereby transforming the landscape of global healthcare,” Abodriaa added.

Backed by investors and venture capitals from Saudi Arabia, the UAE, Japan, and Egypt, Rology has secured three funding rounds since its inception with plans to raise a new investment round soon. Rology currently has operations across nine countries, with its headquarters in Egypt and regional offices in Saudi Arabia and Kenya.

In conclusion, Rology is revolutionizing healthcare in Saudi Arabia by addressing the significant shortage of radiologists and the subsequent delay in diagnosis across the Middle East and Africa region. The platform bridges the divide by linking healthcare providers with a wide network of certified sub-specialized radiologists who are accessible 24 hours a day. It provides timely radiology diagnoses and reports directly within the platform, eliminating setup costs and the need for additional systems. Rology’s focus on digitalizing the healthcare sector in Saudi Arabia aligns with the government’s ongoing efforts to drive significant improvements in the wellness space.

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