Latest news with #LakesideCommunityHealthcare
Yahoo
09-07-2025
- Business
- Yahoo
RadNet (RDNT) Stock Trades Up, Here Is Why
Shares of diagnostic imaging company RadNet (NASDAQ:RDNT) jumped 4% in the morning session after the company announced a major partnership expansion for its AI-powered breast cancer detection program. The diagnostic imaging services leader revealed that three large Southern California physician groups—Regal Medical Group, Lakeside Community Healthcare, and ADOC Medical Group—will now include RadNet's Enhanced Breast Cancer Detection (EBCD) program as a covered benefit for their members. This collaboration significantly widens the availability of RadNet's advanced artificial intelligence tools for mammography, aiming to improve early detection and screening compliance for nearly 600,000 individuals. The EBCD program utilizes AI to help radiologists identify potential cancers more accurately and at an earlier stage. By securing reimbursement from these major medical groups, RadNet not only validates the clinical utility of its technology but also creates a new revenue stream. This move is seen by investors as a key step in the broader commercial adoption of AI in healthcare, potentially encouraging other insurance providers to cover similar advanced diagnostic services. After the initial pop the shares cooled down to $57.47, up 3.9% from previous close. Is now the time to buy RadNet? Access our full analysis report here, it's free. RadNet's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. RadNet is down 18.1% since the beginning of the year, and at $57.47 per share, it is trading 33.5% below its 52-week high of $86.38 from November 2024. Investors who bought $1,000 worth of RadNet's shares 5 years ago would now be looking at an investment worth $3,842. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Business Upturn
09-07-2025
- Business
- Business Upturn
Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group Add RadNet's AI-Powered Enhanced Breast Cancer Detection (EBCD) Program to its Membership Benefits in Southern California
By GlobeNewswire Published on July 9, 2025, 15:00 IST Program will increase access to cutting-edge AI-powered breast cancer detection and is designed to boost compliance with annual cancer-screening guidelines Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group are affiliates of one of Southern California's largest health networks, which manages nearly 600,000 members from newborns to Medicare recipients Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group contract with most major health insurance carriers, expanding access to quality care to communities across Southern California Program is indicative of EBCD reimbursement traction RadNet is getting with commercial payors LOS ANGELES, July 09, 2025 (GLOBE NEWSWIRE) — RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, today announced that Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group, affiliates of Heritage Provider Network (HPN), one of the largest physician-owned medical groups in Southern California, have agreed to reimburse RadNet for its EBCD program — which will now be included as a benefit in their members' health plans. These medical groups predominantly located in Los Angeles, Ventura, Orange, San Bernardino, Riverside and San Diego counties, will now provide the AI-powered breast cancer detection services to all of their mammogram-eligible patients. Additionally, RadNet will launch an ongoing patient-outreach program to increase compliance within these medical groups with annual screening guidelines, by proactively contacting eligible patients to encourage and remind them to make their mammography appointments. Dr. Howard Berger, President and Chief Executive Officer of RadNet, commented, 'RadNet and the Regal, Lakeside and ADOC medical groups share a commitment to early detection of breast cancer and population health screening. One in eight women will develop breast cancer in her lifetime, making it critical to detect the disease early, when treatment options are most optimal. The AI-powered EBCD program is able to detect breast cancer that otherwise would be found much later, thereby improving patient outcomes by reducing the amount of treatment and/or life impact through early detection.' 'We are excited that Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group are now offering this program to all of their eligible female patients. We recognize their commitment to provide innovative solutions to their patients, and expect that they will pave the way for other significant payors to include EBCD in their benefit plans,' concluded Dr. Berger. Will Jukes, Senior Vice President of Regional Operations at Regal Medical Group, added, 'We continually seek ways to bring leading-edge solutions to patient care. EBCD will increase early cancer detection in addition to traditional radiologist screening, eliminating multiple radiology visits and positively impacting patient outcomes. The collaboration with RadNet will also focus on increasing annual compliance with screening mammography guidelines. Bringing this unique breast cancer screening program to our members is illustrative of our commitment to providing new and leading-edge medicine.' For media inquiries or further information, please contact: RadNet, Inc. Mark Stolper, (310) 445-2800 Executive Vice President and Chief Financial Officer About Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Group Regal Medical Group, Lakeside Community Healthcare and ADOC Medical Groups are affiliates of Heritage Provider Network (HPN), which serves as a trusted healthcare network to nearly 600,000 Southern California members. As one of the largest doctor-owned medical groups in Southern California, HPN and its affiliates are dedicated to providing quality, affordable healthcare. For more information, please visit or About RadNet, Inc. RadNet, Inc. is a 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 401 owned and/or operated outpatient imaging centers. RadNet's markets include Arizona, California, Delaware, Florida, Maryland, New Jersey, New York and Texas. In addition, RadNet provides radiology information technology and artificial intelligence solutions marketed under the DeepHealth brand, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with contracted radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has a total of over 11,000 employees. For more information, visit Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
