Leading Radiology Forward
RadNet Joint Venture Strategy
RadNet has 19 joint ventures with hospital and health system partners
.
Over 2/3 of the ventures are unconsolidated (RadNet's ownership is between 35%-50%)
Remaining 1/3 of ventures are consolidated (RadNet's ownership is between 50%-94%)
• Notable partners include Memorial Care (34 centers), RWJ Barnabas in New Jersey (19 centers),
Cedars Sinai (5 centers), Dignity Health (14 centers), MedStar Health System, etc.
JVs own and operate free-standing, non-hospital-based imaging centers
RadNet manages the day-to-day operations and performs most management services (billing,
marketing, staffing, credentialing, contracting, IT, HR, accounting, etc.)
RadNet receives management fees for its services
RW.Barnabas Dignity Health.
Dignity Health Adventist Health
•
•
HEALTH
Benefits to RadNet
Eliminates major outpatient competitor in Market
Hospital partners drive incremental volumes
Provides more contracting leverage with private payors
Receives management fees
Can stimulate other activities with partners (Breastlink,
Teleradiology,
In-house staffing of Radiology Dept)
Prepares RadNet for opportunities with population health
management
UNIVERSITY of MARYLAND
SCHOOL OF MEDICINE
(COS)
CEDARS-SINAI. MemorialCare
Benefits to Hospital/Health System Partners
•
•
•
•
•
Can participate in volume trend towards freestanding providers
Join forces with what otherwise would be a competitor
Provides more contracting leverage with private payors
•
Benefit from being part of a larger operation
Can stimulate other activities with partners (Breastlink,
Teleradiology,
•
In-house staffing of Radiology Dept)
Prepares hospital for opportunities with population health mgmt
RadNet.
Leading Radiology Forward
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