Over 1850 Total Lots Up For Auction at Six Locations - MA 04/30, NJ Cleansweep 05/02, TX 05/03, TX 05/06, NJ 05/08, WA 05/09

RadNet buys Kern Radiology

by Thomas Dworetzky, Contributing Reporter | February 05, 2019
Business Affairs Health IT

RadNet's impact on the imaging market is “disrupting,” according to The Motley Fool. In late 2018, when it reviewed the company, it noted that, “The expensive overhead associated with hospital-based radiology ... makes the industry ripe for disruption,” and pointed out that “RadNet is taking advantage of that opportunity” through a combination of its hundreds of freestanding offices and deal-cutting with hospital systems to provide on-demand staffing and off-site diagnosis, plus tech to enable easy imaging sharing via the cloud.

“What they're doing is partnering up with health centers and hospitals to create freestanding units where they're majority owners, and maybe these health centers own a small minority interest in them, with the goal of being able to deliver the same service faster, better, at a lower cost. And so far, it seems to be working. They've got 341 different outpatient imaging centers that they're running right now. About 86 of those are held in joint ventures with health system partners, but they're looking to try and boost that to 50 percent over time,” Motley Fool's Todd Campbell pointed out.

Back to HCB News

You Must Be Logged In To Post A Comment