Proactive analyst Ed Stacey presents his research on Medica Group PLC (LON:MGP) which is the market leader in the provision of teleradiology services to the NHS.
Stacey explains how this market has been growing strongly across the globe in recent years. In the UK the National Health Service (NHS) is increasingly turning to outsourcing to accommodate rising demand against constraints on in-house radiologist capacity.
The company offers two main services: NightHawk, which is the reporting of urgent scans from nighttime hospital admissions where a turnaround time of less than one hour is required; and Elective, which as the name suggests, provides reporting for routine procedures where the report is required within a day or two.