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Heartflow (HTFL) investor relations material
Heartflow Piper Sandler 37th Annual Healthcare Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Piper Sandler 37th Annual Healthcare Conference summary3 Dec, 2025
Business overview and technology
AI-driven software platform diagnoses coronary artery disease, aiming to set a new standard of care.
Platform identifies disease down to the cubic millimeter and models blood flow to assess intervention needs.
Over 500,000 patients treated commercially; database includes 110 million annotated CTA images.
Ongoing investment in clinical data, with over 600 peer-reviewed publications supporting adoption.
Recent IPO has strengthened the balance sheet, supporting continued investment and growth.
Compliance and investigation
DOJ investigation is in early stages; company is fully cooperating and providing requested information.
Strong compliance culture, with rigorous vetting, trackability, and a dedicated general counsel.
Leadership expresses high confidence in compliance systems and does not expect the investigation to slow business.
Market opportunity and growth
CCTA market is growing at 22% annually; current penetration is just over 13%.
Core reimbursed technology applies to 33% of cases; new Plaque Analysis expands addressable market to 93%.
Installed base grew by 300 centers last year, reaching over 1,100 centers.
Significant room for expansion remains, with a hunting ground of 3,200 potential accounts.
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Q4 202527 Mar, 2026
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