Good medicine is good business. Executive Vice President and Chief Financial Officer Mark Stolper has lived out that ethos for more than two decades at RadNet, helping to financially strengthen our company so it can champion more people’s well-being through compassionate care and the latest breakthroughs in imaging. He describes the qualities that have underscored RadNet’s growth, our distinctive leadership today and why he’s confident in our ability to further improve healthcare.
Transcript
0:00 Bradnet is really in a unique position to be a beacon of light in the in the healthcare industry and the the investments
0:07 that we're making more recently in digital health to improve patient care around earlier detection and diagnostics
0:16 of disease, preventative medicine, non-invasive medicine is all where I think healthc care needs to go
0:24 in the future. We need to stop caring for sick people and start caring for them while they're relatively healthy and prevent them having the
0:32 journey of being a sick patient in the future.
0:36 I think a company if it's not growing, it becomes stagnant and the industry leaves it behind. And I think
0:44 what's exciting about what I was able to present at the investor day and what I talk to investors regularly about is the
0:52 fact that we've got a core imaging business that's being driven by very unique and positive trends
0:59 in the healthcare industry such as innovations around imaging equipment, innovations in contrast materials, radioactive
1:08 pharmaceuticals, new drug development that's going to require new diagnostics. And that is driving our core business to grow or in the future
1:17 or should grow in the future in over 10% per year which is really exciting. And then when you layer on top of that the digital health platform that
1:27 has been growing over 30% per year and has the unique symbiotic ability to make our core business more
1:35 efficient, more accurate, better patient experience as well as provide these tools to the rest of the industry. It's going to be an exciting
1:43 few years. So, it's hard to predict where we're going to be in five years. But what I can tell you, given the confidence I have in the business,
1:51 the confidence I have in all the team members of RDNET, is that we're going to be a bigger company. We're going to have developed tools that will
1:59 be ubiquitous in the diagnostic imaging industry. tools that will help detect disease and injury earlier in the
2:08 disease process and improve patient outcomes and improve the patient experience. And and to have a a part in that, my my small part in that is really
2:17 exciting. And to do it with the group that we have together of of committed, passionate people is uh is what keeps me here at Radnet.