Los Angeles – August 30, 2012 RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high quality, cost-effective diagnostic imaging services through a network of 237 owned and operated outpatient imaging centers, announced today that it has agreed to provide Professional Radiology Services to Kern Valley Healthcare District. RadNet’s Imaging On Call teleradiology subsidiary will provide after-hours coverage, and daytime coverage will be provided by RadNet’s group in Bakersfield, Truxtun Radiology. Michael Edelstein, M.D., will serve as Medical Director. RadNet’s technology subsidiary, eRAD Inc., is providing the Picture Archiving and Communications System (PACS) through an ASP/Cloud Based Solution which enables a small remote hospital like Kern Valley to store and back-up images and reports in a HIPAA-compliant, secure, off-site location.
This unique combination of services enables Kern Valley to continuously access high quality, sub-specialty radiology services by routing images to the radiologist best qualified to interpret those exams, regardless of where they reside or the time of day.
eRAD Inc., a subsidiary of RadNet acquired in late 2010, will install and support its state-of-the-art Radiology Workflow Management software which includes its PACS. The eRAD solution includes voice recognition software to improve report response time and reduce the cost of medical transcription. This allows medical reports and images to be accessed securely by Kern Valley clinicians via the Internet. A complete migration of all prior studies allows for fast and easy access to any study ever performed at Kern Valley.
Kern Valley Healthcare District CEO Tim McGlew commented, “Partnering with RadNet for daytime and nighttime final reads, along with leveraging their PACS solution, allows us to decrease the complexity of running a state of the art radiology department. We are able to reduce costs, improve efficiencies, increase accessibility to images and provide a better quality of patient care. Having the same organization provide us with Medical Director Services for our radiology department ensures our partnership runs deep.”
Dr. Howard Berger, President and Chief Executive Officer of RadNet, stated: “We believe that RadNet is uniquely positioned to serve the radiology needs of virtually any hospital, health system or Accountable Care Organization, regardless of whether or not they reside in any of RadNet’s core markets. Our continuum of services allows our partners to access the solutions they need to solve the many problems that they face today within radiology.”
About Kern Valley Healthcare District
Located in Lake Isabella, CA the Kern Valley Hospital District was formed by petition and approval of the Kern County Board of Supervisors on November 23, 1964. The District was organized and incorporated under the Health and Safety Code of the State of California for the purpose of building and operating an acute and long term care hospital. Kern Valley Hospital District serves an approximate population of 25,000 residents and some 10,000 visitors on any given weekend. Recognized as a ”Critical Access” hospital, Kern Valley Healthcare District serves with pride and is dedicated to maintaining the highest standards of quality patient care.
About eRAD, Inc. (a division of RadNet, Inc.)
eRAD was founded in 1999 and offers standards-based, web-centric image management solutions using leading-edge technology. eRAD PACS web-accessible archive, and workflow solutions are installed in over two-hundred sixty customer sites throughout the USA. eRAD’s PACS, RIS/PACS and teleradiology solutions integrate full-featured RIS/PACS and image management with workflow tools for hospitals, clinics, imaging centers and physician practices. In October of 2010, eRAD was acquired by RadNet, Inc.
Seth Koeppel, SVP Sales
About RadNet, Inc.
RadNet, Inc. is a national market leader providing high-quality, cost-effective diagnostic imaging services through a network of 237 fully-owned and operated outpatient imaging centers. RadNet’s core markets include California, Florida, Maryland, Delaware, Rhode Island, New Jersey and New York. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has over 6,300 employees. For more information, visit www.radnet.com.
About Imaging On Call (a division of RadNet, Inc.)
Founded in 2002, Imaging On Call, headquartered in Poughkeepsie, New York, is a premier provider of high quality, cost effective emergent and non-emergent daytime and nighttime teleradiology interpretations delivered to radiology groups, hospitals and imaging centers. Imaging On Call’s offerings include preliminary, final and subspecialty coverage over a range of imaging modalities including CT, MRI, Ultrasound, Nuclear Medicine and X-ray. Imaging On Call currently contracts with hospital-based and non-hospital based radiology groups, hospitals, imaging centers and research foundations, to whom it provides remote interpretation of diagnostic imaging exams. Imaging On Call is Joint Commission-accredited for final and preliminary reads and its currently contracted radiologists, the vast majority of whom are located in the United States, hold active licenses in 28 states and the District of Columbia. For more information, visit www.imagingoncall.com.
Dennis Forgione, VP of Business Development