AI platform expected to drive comprehensive detection of dental conditions, leading to earlier interventions and improved patient outcomes
TORONTO, November 04, 2024--(BUSINESS WIRE)--Dentalcorp Holdings Ltd. ("Dentalcorp" or the "Company") (TSX: DNTL) and VideaHealth, Inc. ("VideaHealth"), a leader in dental AI solutions, today announced a strategic partnership that will allow Dentalcorp to deploy artificial intelligence technology to advance patient care across its nationwide network of dental practices. This partnership marks a notable milestone in Dentalcorp's long-term growth agenda and is expected to allow the Company to set new benchmarks for clinical excellence and operational efficiency across its network.
By integrating VideaHealth’s AI-powered technology into Dentalcorp’s existing suite of digital solutions, Dentalcorp expects to realize the following benefits across its network:
Comprehensive detection of dental conditions, leading to earlier interventions and improved patient outcomes.
Improved patient education and engagement through AI-generated visual aids and explanations, leading to higher case acceptance rates.
Streamlined clinical workflows, allowing dental professionals to operate more efficiently.
Enhanced consistency in diagnoses across practitioners, reducing variability in care.
Advanced prediction of disease progression to better assess patient risk and inform treatment planning.
"We have always been committed to providing our practices with best-in-class technology to support superior patient care. We believe that our partnership with VideaHealth represents a significant step forward in our ongoing efforts to transform our network. By leveraging AI, we expect to not just improve diagnostics, but enhance the entire patient experience and support our practitioners in delivering the highest standard of care," said Graham Rosenberg, Founder and CEO of Dentalcorp.
Dentalcorp’s decision to partner with VideaHealth follows an extensive pilot program where a select group of Dentalcorp practices rigorously evaluated various AI solutions across a number of clinical, operational, financial and regulatory factors. VideaHealth’s advanced AI capabilities, robust data protection measures and established industry relationships, contributed to their impressive performance across every dimension during this pilot program and made them the ideal partner for this next phase of Dentalcorp’s growth plan.
"We are thrilled to partner with Dentalcorp, a leader in the Canadian dental industry. Our shared vision of leveraging technology to improve oral health aligns perfectly. By combining Dentalcorp's extensive network and commitment to excellence with our AI expertise, we will be setting a new standard for dental care in Canada and beyond," said Florian Hillen, CEO and Founder of VideaHealth.
About Dentalcorp
Dentalcorp is Canada’s largest and one of North America’s fastest growing networks of dental practices, committed to advancing the overall well-being of Canadians by delivering the best clinical outcomes and leading experiences. Dentalcorp acquires leading dental practices, uniting its network in a common goal: to be Canada’s most trusted healthcare network. Leveraging its industry-leading technology, know-how and scale, Dentalcorp offers professionals the opportunity to retain their clinical autonomy while unlocking their potential for future growth. To learn more, visit Dentalcorp.ca.
About VideaHealth
VideaHealth is at the forefront of bringing AI to dentistry, partnering with dental professionals to improve patient care, strengthen patient relationships, and drive practice growth. VideaHealth's AI-powered platform is used by dental professionals across North America to analyze millions of patients annually, supporting clinicians in identifying and treating critical dental conditions. Headquartered in Boston and backed by leading venture capital firms, VideaHealth is committed to transforming dental care through innovative AI solutions. For more information, visit videa.ai.
Forward-Looking Statements
This press release contains forward-looking statements regarding Dentalcorp's business operations and strategy. Forward-looking information includes, but is not limited to, statements about the Company’s beliefs, plans, expectations, anticipations, estimates, or intentions. Forward-looking information includes words like could, expect, may, anticipate, assume, believe, intend, estimate, plan, project, guidance, outlook, target, and similar expressions suggesting future outcomes or events. The forward-looking information in this news release includes, but is not limited to, implementation of the VideaHealth Platform across Dentalcorp’s network and our expectations regarding the impact and benefits thereof. Readers are cautioned that actual results may vary materially from those described above. Forward-looking statements are necessarily based upon management’s perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management as of the date on which the statements are made, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements.
Actual results may differ materially from those anticipated in the forward-looking information as a result of known and unknown risk factors, many of which are beyond the control of the Company. Such risks include, but are not limited to, the factors described in "Risk Factors" in our AIF and MD&A. Accordingly, we warn readers to exercise caution when considering statements containing forward-looking information and caution them that it would be unreasonable to rely on such statements as creating legal rights regarding the Company’s future results or plans. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information or the factors or assumptions underlying them, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
