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ProFound Health, a Virtual Care Partnership with Cascaid Health, to Democratize Access to AI-Powered Mammography for All Patients - Launching Q1 2025 NASHUA, N.H., Nov. 26, 2024 (GLOBE NEWSWIRE) -- iCAD, Inc . (NASDAQ: ICAD) ("iCAD” or the "Company”), a global leader in clinically proven AI-powered cancer detection solutions, will showcase its groundbreaking breast health AI technologies at the Radiological Society of North America (RSNA) 2024 Annual Meeting in Chicago, December 1-5. Key highlights include the recent FDA-cleared ProFound Detection Version 4, clinical research presentations, and a new partnership with Cascaid Health to expand access to AI-driven breast health solutions. iCAD and Cascaid Health Partner to Expand Access to AI-Driven Breast Health In alignment with their vision to enable all women to access to AI-powered breast health services, iCAD and Cascaid Health will unveil their collaboration to integrate the ProFound AI Breast Health Suite into Cascaid's leading edge digital health marketplace and access to care platform. Scheduled for beta launch in Q1 2025, this partnership between iCAD and Cascaid Health will launch ProFound Health, a virtual care model powered by Cascaid. ProFound will enable women who have not otherwise received an AI-read on their screening mammogram to access iCAD's advanced breast health technology. The initiative reflects both companies' dedication to democratizing access to life-saving technology and creating a world where cancer can't hide. ProFound Health will offer a "Second Read” virtual AI service, providing patients without access to AI an opportunity to receive enhanced breast health insights. The initial service will include second-read detection, breast density assessment, and cancer risk evaluation from a Cascaid-affiliated specialist network of clinical experts in women's health through Cascaid's seamlessly integrated digital platform. By combining AI insights with expert clinical reviews, ProFound Health ensures that patients everywhere, regardless of location, can receive precision screening and personalized care. "ProFound Health empowers patients with access to critical information about their mammograms and overall breast health, allowing them to make informed decisions and take control of their care journey,” said Dana Brown, CEO and President of iCAD. "Our collaboration with Cascaid Health's network of clinicians and AI-powered solutions is part of our ongoing commitment to bridging gaps in breast cancer care, ensuring all patients everywhere can access the accuracy and timeliness of AI solutions, and ultimately transforming patient outcomes.” "We believe that every woman should have access to the best possible information about her breast health and a high quality, personalized care plan to catch cancer early or prevent it altogether. Through our partnership with iCAD, we're addressing a critical need to improve access to advanced breast health services,” said Dr. Candace Westgate, Director of Women's Health for Cascaid Health. "ProFound Health is more than just a technological innovation, it's a lifeline that empowers patients and healthcare providers with actionable insights, bridging care gaps and ensuring equitable access to precision screening and personalized breast cancer care.” Advancing Next Generation AI Breast Health Solutions at RSNA 2024 In addition to ProFound Health, iCAD will feature its flagship ProFound Detection Version 4.0, which recently received FDA clearance. This next-generation AI solution enhances breast cancer detection by incorporating prior exams into current analysis, improving the detection of aggressive cancers by 22%, reducing cases with no marks by 18%, and providing clinicians with more reliable insights for better decision-making. "Every two minutes, someone loses their life to breast cancer-a disease affecting over 2.3 million women annually. Early detection is critical, as five-year survival rates exceed 99% for stage 1 disease. Yet traditional mammography misses over 20% of breast cancers, particularly in dense tissue, resulting in potentially avoidable late-stage diagnoses,” said Dana Brown, President and CEO of iCAD, Inc. "ProFound Detection Version 4 revolutionizes breast cancer detection by uniquely integrating prior exams into its analysis. This advanced capability enhances sensitivity, sharpens precision, and provides radiologists with a deeper, longitudinal view of a patient's breast health. By enabling earlier and more accurate detection, especially in dense tissue, ProFound Detection Version 4 sets a new standard in breast health AI, empowering providers to improve outcomes and save lives. Together with our strategic partnerships, we are advancing the fight against cancer and making a meaningful difference for patients worldwide.” ICAD'S RSNA 2024 Program Highlights AI-Powered Insights: Advancing Cancer Detection iCAD will be hosting a customer appreciation event, "AI in the Sky: Discover ProFound Insights & Breast Health Innovations," on Sunday, December 1, at 6:00 PM at VU Rooftop in Chicago. Network with industry experts, hear insights from key opinion leaders including iCAD's CEO and Board of Directors, and explore how iCAD's solutions are transforming breast health. Visit the iCAD RSNA 2024 event page for the latest updates, event details, and partnership announcements. About Cascaid Health Cascaid Health Inc. delivers a personalized, expert-driven proactive and preventative approach, supported by an integrated platform designed to promote longevity, detect issues early, reverse risks, and optimize healthspan for all. The company's platform offers a curated marketplace featuring innovative products, services, and access to world-class multidisciplinary experts in women's health, precision health, lifestyle medicine, wellness, and performance. Cascaid Health Inc. is committed to advancing health equity, ensuring that cutting-edge healthcare solutions are accessible to everyone. About iCAD, Inc. iCAD, Inc. (NASDAQ: ICAD) is a global leader on a mission to create a world where cancer can't hide by providing clinically proven AI-powered solutions that enable medical providers to accurately and reliably detect cancer earlier and improve patient outcomes. Headquartered in Nashua, N.H., iCAD's industry-leading ProFound Breast Health Suite provides AI-powered mammography analysis for breast cancer detection, density assessment and risk evaluation. Used by thousands of providers serving millions of patients, ProFound is available in over 50 countries. In the last five years alone, iCAD estimates reading more than 40 million mammograms worldwide, with nearly 30% being tomosynthesis. For more information, including the latest in regulatory clearances, please visit www.icadmed.com . Forward-Looking Statements Certain statements contained in this News Release constitute "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the expansion of access to the Company's products, improvement of performance, acceleration of adoption, expected benefits of ProFound AI®, the benefits of the Company's products, and future prospects for the Company's technology platforms and products. Such forward-looking statements involve a number of known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited, to the Company's ability to achieve business and strategic objectives, the willingness of patients to undergo mammography screening, whether mammography screening will be treated as an essential procedure, whether ProFound AI will improve reading efficiency, improve specificity and sensitivity, reduce false positives and otherwise prove to be more beneficial for patients and clinicians, the impact of supply and manufacturing constraints or difficulties on our ability to fulfill our orders, uncertainty of future sales levels, to defend itself in litigation matters, protection of patents and other proprietary rights, product market acceptance, possible technological obsolescence of products, increased competition, government regulation, changes in Medicare or other reimbursement policies, risks relating to our existing and future debt obligations, competitive factors, the effects of a decline in the economy or markets served by the Company; and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "believe,” "demonstrate,” "intend,” "expect,” "estimate,” "will,” "continue,” "anticipate,” "likely,” "seek,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release. For additional disclosure regarding these and other risks faced by iCAD, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at https://www.icadmed.com and on the SEC's website at http://www.sec.gov . CONTACTS Media Inquiries: [email protected] Investor Inquiries: John Nesbett/Rosalyn Christian IMS Investor Relations [email protected]ATLANTA — As she checked into a recent flight to Mexico for vacation, Teja Smith chuckled at the idea of joining another Women’s March on Washington. As a Black woman, she just couldn’t see herself helping to replicate the largest act of resistance against then-President Donald Trump’s first term in January 2017. Even in an election this year where Trump questioned his opponent’s race, held rallies featuring racist insults and falsely claimed Black migrants in Ohio were eating their neighbors’ pets, he didn't just win a second term. He became the first Republican in two decades to clinch the popular vote, although by a small margin. Supporters of Democratic presidential nominee Vice President Kamala Harris hold their fists in the air after she delivered a concession speech after the 2024 presidential election Nov. 6 on the campus of Howard University in Washington. Jacquelyn Martin, Associated Press “It’s like the people have spoken and this is what America looks like,” said Smith, the Los Angeles-based founder of the advocacy social media agency, Get Social. “And there’s not too much more fighting that you’re going to be able to do without losing your own sanity.” After Trump was declared the winner over Democratic Vice President Kamala Harris, many politically engaged Black women said they were so dismayed by the outcome that they were reassessing — but not completely abandoning — their enthusiasm for electoral politics and movement organizing. Black women often carry much of the work of getting out the vote in their communities. They had vigorously supported the historic candidacy of Harris, who would have been the first woman of Black and South Asian descent to win the presidency. Harris' loss spurred a wave of Black women across social media resolving to prioritize themselves, before giving so much to a country that over and over has shown its indifference to their concerns. AP VoteCast, a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy in the United States was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, with Trump set to return to office in two months, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. “America is going to have to save herself,” said LaTosha Brown, co-founder of the national voting rights group Black Voters Matter. She compared Black women’s presence in social justice movements as “core strategists and core organizers” to the North Star, known as the most consistent and dependable star in the galaxy because of its seemingly fixed position in the sky. People can rely on Black women to lead change, Brown said, but the next four years will look different. “That’s not a herculean task that’s for us. We don’t want that title. ... I have no goals to be a martyr for a nation that cares nothing about me,” she said. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts Supporters cheer during a community rally with Democratic presidential nominee Vice President Kamala Harris on Oct. 27 in Philadelphia. Susan Walsh, Associated Press AP VoteCast paints a clear picture of Black women's concerns. Black female voters were most likely to say that democracy was the single most important factor for their vote, compared to other motivators such as high prices or abortion. More than 7 in 10 Black female voters said they were “very concerned” that electing Trump would lead the nation toward authoritarianism, while only about 2 in 10 said this about Harris. About 9 in 10 Black female voters supported Harris in 2024, according to AP VoteCast, similar to the share that backed Democrat Joe Biden in 2020. Trump received support from more than half of white voters, who made up the vast majority of his coalition in both years. Like voters overall, Black women were most likely to say the economy and jobs were the most important issues facing the country, with about one-third saying that. But they were more likely than many other groups to say that abortion and racism were the top issues, and much less likely than other groups to say immigration was the top issue. Despite those concerns, which were well-voiced by Black women throughout the campaign, increased support from young men of color and white women helped expand Trump’s lead and secured his victory. Politically engaged Black women said they don’t plan to continue positioning themselves in the vertebrae of the “backbone” of America’s democracy. The growing movement prompting Black women to withdraw is a shift from history, where they are often present and at the forefront of political and social change. One of the earliest examples is the women’s suffrage movement that led to ratification in 1920 of the 19th Amendment to the Constitution, which gave women the right to vote. Black women, however, were prevented from voting for decades afterward because of Jim Crow-era literacy tests, poll taxes and laws that blocked the grandchildren of slaves from voting. Most Black women couldn’t vote until the Voting Rights Act of 1965. Black women were among the organizers and counted among the marchers brutalized on the Edmund Pettus Bridge in Alabama, during the historic march in 1965 from Selma to Montgomery that preceded federal legislation. Decades later, Black women were prominent organizers of the Black Lives Matter movement in response to the deaths of Black Americans at the hands of police and vigilantes. In his 2024 campaign, Trump called for leveraging federal money to eliminate diversity, equity and inclusion programs in government and discussions of race, gender or sexual orientation in schools. His rhetoric on immigration, including false claims that Black Haitian immigrants in Springfield, Ohio, were eating cats and dogs, drove support for his plan to deport millions of people. Tenita Taylor, a Black resident of Atlanta who supported Trump this year, said she was initially excited about Harris’ candidacy. But after thinking about how high her grocery bills have been, she feels that voting for Trump in hopes of finally getting lower prices was a form of self-prioritization. “People say, ‘Well, that’s selfish, it was gonna be better for the greater good,''' she said. “I’m a mother of five kids. ... The things that (Democrats) do either affect the rich or the poor.” Where can Black women feel supported and flourish financially? When posed that question, Dr. Lori Martin, a professor of African and African American studies and sociology at Louisiana State University, had this to say: "A livable place for Black women is safe, and for women with children, it is home to schools where all students have access to an excellent education. It would also be diverse, with a visible and thriving Black community, including Black businesses." While the socioeconomic realities of our current time touch all corners of the country, there are pockets of the U.S. where the wealth gap narrows and Black women have more opportunities. MoneyGeek analyzed data on income, the cost of crime , homeownership , and poverty levels from 164 cities across the United States to rank the best — and worst — cities for Black women to live and financially flourish in. Key findings Suburban cities of large metropolitan areas ranked highest. Southfield — outside of Detroit — and Pearland — a suburb of Houston — ranked highest in the analysis. The South is home to 13 of the top 25 cities for Black women, led by Pearland, Texas; Port St. Lucie, Florida; and Garland, Texas. Minneapolis, Minnesota, ranks at the bottom due to significant income and health insurance disparities for Black women compared to white men. Miami has the second-lowest overall ranking and second-largest income gap of the cities analyzed, with Black women earning only over a third of what white men make. SNEHIT PHOTO // Shutterstock MoneyGeek ranked 164 cities with populations greater than 65,000 from the best to the worst for Black women. The ranking includes analysis of income, poverty rate, homeownership, educational attainment and health insurance gaps between Black women and the entire population nationally and locally. The size of the local Black population and the cost of crime in the area were included in the ranking to reflect the presence of the Black community and safety, respectively. Southfield — a suburb of Detroit — and Pearland — a Houston suburb — ranked as the top two cities in the analysis. Notably, Southern cities make up the majority of cities in the top 25, with 13 located in this region. MoneyGeek In contrast, Minneapolis, Minnesota, ranked as the worst city for Black women. In Minneapolis, Black women face high poverty rates in absolute and relative terms and have low rates of health insurance coverage compared to the cities analyzed. Meanwhile, Miami ranks as the second least favorable city, with a significant local income gap — there, white men earn almost triple the income of Black women. MoneyGeek Income disparity is a key measure of how well Black women are doing today. For each city in the analysis, we calculated the local Equal Pay Day — the day in the following year when Black women would make an equivalent amount as white men — using the median income of Black women working full time and the median income of white men working full time in each locality. In Carson, California, the median pay of Black women is higher than the median pay of white men. However, in Evanston, Illinois, Black women make just over a third of white men's earnings, meaning they would need to work until September 24, 2024, to earn the equivalent of a white man's 2022 pay. Economic challenges faced by Black women include restricted career advancement opportunities, insufficient health insurance, and inadequate retirement savings. Survey data from Goldman Sachs indicates that 42% of Black women perceive limited career growth opportunities compared to 35% of U.S. adults, and merely 43% are able to obtain health insurance through their employer, in contrast to 53% nationwide. Additionally, 71% of Black women feel they are living paycheck to paycheck, compared to 63% of the general population. The intersection of racial and gender bias contributes to these challenges, resulting in low-wage jobs and a considerable wealth gap. Our analysis validates this, demonstrating that Black women who work full-time, year-round, earn 64 cents for every dollar white men earn working full-time, year-round. Less access to economic opportunities puts Black women at a disadvantage in building wealth. The FDIC's National Survey of Unbanked and Underbanked Households found that 11.3% of Black households were unbanked compared to just 2.1% of white households. Unbanked households are credit invisible — that is, they don't have a credit history and, therefore, can't build credit. Having no credit history makes it difficult to utilize credit cards to manage cash needs and mortgages to buy homes. Advocating for economic opportunities for Black women The struggle for economic equity remains a persistent challenge for Black women in America, who have historically faced systemic wage disparities and employment obstacles. However, there are tools and resources that can provide Black women with economic opportunities and empowerment. Dr. Ukanwa shares additional solutions, such as: 1. Invest in education: Research has already shown that degrees increase lifetime earnings, close some societal gaps, and increase job security. But if degrees are not your path, it also means continuing to build that knowledge and expertise in something you can be the best at. Figure out your expertise and what you bring to the table. 2. After building your expertise in a field, build your reputation and personal brand: With an excellent reputation and personal brand, people will start to seek you out rather than the other way around. This increases the worth of your expertise. 3. Find out what your expertise is worth: Educate yourself on how to negotiate . Negotiate to be paid what you are worth. 4. Get into the habit of ownership: Build your own equity, which decreases the dependence on someone else for your income. For example, this could be your own business, stocks , or real estate. Methodology To rank the best cities for Black women, MoneyGeek analyzed data from the American Community Survey , MoneyGeek's Safest Cities and Safest Small Cities and Towns studies, and the Bureau of Economic Analysis. The analysis started with over 500 places in America with populations of 65,000 or more. Places without granular data about Black women or lacking other data points for the analysis were removed to get to the final set of 164 cities. The ranking of the best cities for Black women was based on eight factors: safety, Black population, educational attainment, poverty rates, income, employment, health insurance, and homeownership. Each factor was weighted equally and scaled to a score between 0 and 1. The factors were calculated as follows: Safety (full weight): This metric equally comprises two metrics. Crime cost per capita (50%): This metric is based on the per capita cost of crime calculated in MoneyGeek's Safest Cities series. Racially motivated hate crimes per 1 million people (50%): This metric indicates the number of racially motivated hate crimes for 2022 per 1,000,000 population, with data sourced from the FBI's Crime Data Explorer. Percent of local population that is Black (full weight): This percentage represents the proportion of Black individuals within a city's total population, as reported by the United States Census Bureau's five-year American Community Survey (ACS) from 2021, the most recent data available. Educational attainment (full weight): This metric equally comprises two metrics. High school diploma gap (50%): The difference in percentage points of the rate of female Black high school diploma achievement compared to the national rate of male white high school diploma achievement. Higher education diploma gap (50%): The difference in percentage points of the rate of female Black bachelor's degree or greater educational attainment compared to the national rate of male white bachelor's degree or greater educational attainment. Poverty rate (full weight): The percentage point difference between the city's rate of Black women earning at or above the poverty level and the rate of all women living above the poverty level nationally. This finding comes from the 2021 Census ACS five-year data, the latest available source covering over 200 cities. Income (full weight): This factor equally comprises two metrics. Local Income Gap (50%): The ratio of Black female median income as a percentage of the local median income of white males. National Income Gap (50%): The ratio of Black female median income adjusted for purchasing power as a percentage of the national median income of white males. Employment (full weight): The difference in percentage points between the Black female employment rate and the white male employment rate in the locality. Health insurance (full weight): This metric reveals the percentage point difference between Black women (ages 19-64) and white men (ages 19-64) with health insurance. This information comes from the Census ACS five-year data from 2021, the most recent data source available. Black female homeownership (full weight): This factor comprises three metrics. Local Black homeownership (25%): Proportion of Black-owned homes compared to all local owner-occupied housing. National Black homeownership (25%): Proportion of Black-owned homes compared to all national owner-occupied housing. Mortgage cost percentage relative to income (50%): Black homeowners' monthly costs as a percentage of Black women's median monthly income. The full data set can be found here . This story was produced by MoneyGeek and reviewed and distributed by Stacker Media. MoneyGeek
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Hiroshi Watanabe SP500 NYSEARCA: SPY returning 28.56% year-to-date Palantir Technologies Inc. PLTR Analyst’s Disclosure: I/we have a beneficial long position in the shares of ORCL, PLTR, AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Liverpool and Tottenham's destinies laid bare in crazy Premier League classic
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