Founded in 1984, RadNet is a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers. We believe we are the largest owner and operator of fixed diagnostic imaging centers in the United States.

Overview

Founded in 1984, RadNet, (NASDAQ: RDNT), is a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of 248 owned and/or operated outpatient imaging centers. With operations in six states, including California, Maryland, Delaware, New Jersey, New York, Rhode Island and Florida, we believe we are the largest owner and operator of fixed diagnostic imaging centers in the United States.

RadNet offers to its patients and referring physicians the full spectrum of diagnostic imaging exams, including PET/CT, MRI, CT, Nuclear Medicine, Mammography, Ultrasound and X-ray, as well as numerous other procedures. RadNet utilizes best of breed technology to appropriately serve the medical communities in which it operates.

Additionally, RadNet currently provides diagnostic imaging services to over 750,000 lives under exclusive capitation contracts with prominent medical groups and Independent Physician Groups (IPAs).

RadNet performs over 4 million diagnostic radiology and imaging procedures annually.

Our Facilities

We operate a group of regional networks comprised of 248 fixed-site, freestanding outpatient diagnostic imaging facilities in seven states including California, Maryland, New Jersey, New York, Florida, Rhode Island and Delaware. We have strategically organized our facilities into regional networks in markets that have both high-density and expanding populations, as well as attractive payor diversity. Our facilities employ state-of-the-art equipment and technology in modern, patient-friendly settings. Many of our facilities within a particular region are interconnected and integrated through our advanced computer networks, PACS (Picture Archiving and Communication Systems) and Radiology Information Systems. The vast majority of our facilities are multi-modality sites, offering various combinations of PET/CT, MRI, CT, Nuclear Medicine, Ultrasound, X-ray, Fluoroscopy and other services.

Consistent with our regional network strategy, our single-modality facilities are located near our multi-modality sites to help accommodate overflow of routine imaging in targeted demographic areas. At our facilities, we provide all of the equipment as well as all non-medical operational, management, financial and administrative services necessary to provide diagnostic imaging services. We give our facility managers authority to run our facilities to meet the demands of local market conditions, while our corporate structure provides economies of scale, corporate training programs, standardized policies and procedures and sharing of best practices across our network. Each of our facility managers is responsible for meeting our standards of patient service, managing relationships with local physicians and payors and maintaining profitability.

We have longstanding relationships with certain radiology groups, including our affiliate Beverly Radiology Medical Group (BRMG), who provide all of the professional medical services to our facilities. With these longstanding relationships, we believe that we are able to ensure that medical service is provided at our facilities in a manner consistent with our needs and expectations and those of our referring physicians, patients and payors.

Employees

Together with BRMG, we have a total of approximately 6,300 full-time, part-time and per-diem employees.

 

 


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