RadNet and EmblemHealth Enter into New Partnership to Provide Diagnostic Imaging Services in the New York Tri-State Area

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RadNet and EmblemHealth Enter into New Partnership to Provide Diagnostic Imaging Services in the New York Tri-State Area

RadNet and EmblemHealth Enter into New Partnership

07/30/2018

Los Angeles, California (2018年7月31日) – RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services today reported its newly formed affiliate, Lenox Hill IPA LLC, has entered into a capitation arrangement with EmblemHealth to provide diagnostic imaging services to EmblemHealth’s enrollees under its AdvantageCare Physicians (ACPNY) medical group.

This is the first full-risk capitation contract RadNet has signed on the East Coast. Under the contract, RadNet will assume responsibility for imaging operations in 26 AdvantageCare Physicians locations and will look to expand services to other EmblemHealth patients in these 26 offices and in existing RadNet locations. The contract has a five-year term and is expected to begin operations on October 1, 2018.

Dr. Howard Berger, Chairman and Chief Executive Officer of RadNet, noted, “This is a seminal event for RadNet. We have been in discussions to bring risk-based contracting to the East Coast for some time. For over two decades, RadNet has enjoyed similar capitated relationships with dozens of large medical groups on the West Coast, and we are excited about our newly formed relationship with EmblemHealth. We continue to believe that performance-based and value-driven healthcare are necessary for our healthcare delivery system to become more cost-effective and ubiquitous and EmblemHealth brings that focus to all of its care delivery efforts.

“Partnering with RadNet will allow EmblemHealth and AdvantageCare Physicians to provide the highest quality and valuable radiology experience for our members and ACPNY patients,” EmblemHealth President and CEO Karen Ignagni said, “RadNet shares our long-standing commitment to value-based partnerships, population-based health and technological innovation.”


About RadNet, Inc.
RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 300 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey and New York. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of over 7,400 employees. For more information, visit https://www.radnet.com.

关于安保健康保险
EmblemHealth is one of the nation’s largest nonprofit health insurers, with 3.1 million members and an 80-year legacy of serving New York’s communities. 该公司为雇主、个人和家庭提供全面的商业和政府资助的健保计划,同时还提供方便的社区资源。作为以价值为基础的护理领域的市场领导者,安保健康保险与顶级医生和医院合作,提供高质量、价格适中的护理。For more information, visit emblemhealth.com.


Contacts:

RadNet, Inc.
Mark Stolper, 310-445-2800
Executive Vice President and Chief Financial Officer

安保健康保险
Clare Krusing, 571-488-0950
Corporate Communications

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