RadNet, Inc. (RDNT) is “One to Watch”
The first step in treating any kind of medical problem is accurate diagnosis, a field that highlights, more than any other, the technical power of modern medicine. From the discovery of the X-ray in the late 1800s, to the MRI, PET, CT, and other advanced tools routinely used today, our seemingly miraculous ability to see inside the body without having to cut into it has largely defined our idea of medical progress, and has itself become a major and expanding industry. Today, the outpatient market for diagnostic imaging, estimated to be $36 billion, is greater than that of the inpatient market.
At the head of this growing diagnostic revolution is, from an application standpoint, Los Angeles based RadNet, a national leader in providing high quality and cost effective diagnostic imaging services. Believed to be the single largest owner and operator of fixed diagnostic imaging centers in the country, RadNet involves a network of 206 owned and/or operated outpatient imaging centers, including joint venture facilities, primarily on the east and west coasts. The company has strategically organized their facilities into regional networks focused on high-density and growing populations, and attractive payor diversity. Every year, the company performs over 3 million diagnostic radiology and imaging procedures.
RadNet offers patients and physicians comprehensive imaging exam technologies, including PET/CT, MRI, CT, Nuclear Medicine, Mammography, Ultrasound, and X-ray, as well as numerous other procedures, with most of their facilities providing multi-modality sites, combining PET/CT, MRI, CT, Nuclear Medicine, Ultrasound, X-ray, Fluoroscopy and other services. Many of their facilities are interconnected regionally through advanced computer networks, Picture Archiving and Communication Systems (PACS), and Radiology Information Systems. In addition, the company makes available a variety of non-medical operational, management, financial, and administrative services associated with diagnostic imaging.
For additional information, visit the company’s website at www.RadNet.com
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