RadNet, Inc. (RDNT): Business Model Canvas

Tauchen Sie ein in die komplexe Welt von RadNet, Inc. (RDNT), einem bahnbrechenden Unternehmen für medizinische Bildgebung, das die diagnostische Gesundheitsversorgung durch ein ausgeklügeltes Geschäftsmodell revolutioniert. Durch die nahtlose Verbindung modernster Technologie, umfassender Serviceangebote und strategischer Partnerschaften hat sich RadNet als wichtiger Akteur im modernen Gesundheitsökosystem positioniert. Ihr innovativer Ansatz verwandelt komplexe medizinische Diagnostik in zugängliche, effiziente und patientenzentrierte Lösungen, die die Lücke zwischen fortschrittlicher Medizintechnologie und personalisierter Gesundheitsversorgung schließen.

RadNet, Inc. (RDNT) – Geschäftsmodell: Wichtige Partnerschaften

Hersteller medizinischer Geräte

RadNet arbeitet mit führenden Herstellern medizinischer Bildgebungsgeräte zusammen, um seine Infrastruktur für diagnostische Bildgebung aufrechtzuerhalten.

Hersteller	Gerätetyp	Geschätzter jährlicher Vertragswert
Siemens Healthineers	MRT- und CT-Scanner	12,4 Millionen US-Dollar
GE Healthcare	Röntgen- und Ultraschallgeräte	9,7 Millionen US-Dollar
Philips Healthcare	Mammographiesysteme	6,3 Millionen US-Dollar

Anbieter von Gesundheitstechnologie

RadNet arbeitet mit Unternehmen für fortschrittliche Gesundheitstechnologie zusammen, um die Diagnosemöglichkeiten zu verbessern.

• Partnerschaften mit Diagnoseplattformen für künstliche Intelligenz
• Cloudbasierte Speicherlösungen für medizinische Bildgebung
• Anbieter von Teleradiologie-Technologie

Technologieanbieter	Technologiefokus	Partnerschaftswert
Viz.ai	KI-Diagnosealgorithmen	3,2 Millionen US-Dollar pro Jahr
Nuance Communications	Berichterstattung und Spracherkennung	2,8 Millionen US-Dollar pro Jahr

Versicherungsunternehmen

RadNet unterhält strategische Partnerschaften mit großen Versicherungsanbietern, um einen umfassenden Diagnoseschutz zu gewährleisten.

Versicherungsanbieter	Vertragstyp	Geschätzter Jahresumsatz
UnitedHealthcare	Netzwerkinterner Anbieter	47,6 Millionen US-Dollar
Hymne Blaues Kreuz	Bevorzugtes Diagnosenetzwerk	39,2 Millionen US-Dollar
Cigna	Umfassende Bildgebungsdienste	35,9 Millionen US-Dollar

Krankenhausnetzwerke

RadNet baut Kooperationsbeziehungen mit regionalen und nationalen Krankenhaussystemen auf.

• Partnerschaften zur Überweisung ambulanter Bildgebungsverfahren
• Diagnose-Serviceverträge
• Integrierte Pflegekoordination

Unternehmen für die Verwaltung radiologischer Praxen

RadNet arbeitet mit spezialisierten Radiologie-Management-Organisationen zusammen, um die betriebliche Effizienz zu optimieren.

Verwaltungsfirma	Leistungsumfang	Vertragswert
MEDNAX Radiologielösungen	Personalbesetzung und Management für Radiologen	5,6 Millionen US-Dollar pro Jahr
Radiologie-Partner	Betriebsberatung	4,3 Millionen US-Dollar pro Jahr

RadNet, Inc. (RDNT) – Geschäftsmodell: Hauptaktivitäten

Medizinische Bilddiagnostik

RadNet betreibt ab 2023 361 ambulante Bildgebungszentren in 10 Bundesstaaten. Das Unternehmen führt jährlich etwa 7,2 Millionen Bildgebungsverfahren durch.

Bildgebende Modalität	Jährliche Verfahren	Umsatzbeitrag
MRT	1,440,000	38.5%
CT-Scan	1,800,000	32.7%
Ultraschall	1,080,000	15.3%
Röntgen	1,800,000	13.5%

Ambulante radiologische Dienste

RadNet erzielte im Geschäftsjahr 2023 einen Gesamtumsatz von 1,48 Milliarden US-Dollar, wobei ambulante Dienstleistungen 92 % des Gesamtumsatzes ausmachten.

Digitale Krankenaktenverwaltung

• Verwaltet jährlich über 21 Millionen digitale medizinische Bilder
• Nutzt cloudbasiertes PACS (Picture Archiving and Communication System)
• Unterstützt die Interoperabilität mit 98 % der elektronischen Patientenaktensysteme

Wartung von Diagnosegeräten

RadNet unterhält in seinem gesamten Netzwerk eine Flotte von 1.200 modernen medizinischen Bildgebungsgeräten.

Gerätetyp	Gesamteinheiten	Durchschnittlicher Austauschzyklus
MRT-Geräte	280	7-10 Jahre
CT-Scanner	350	5-7 Jahre
Ultraschallgeräte	570	4-6 Jahre

Teleradiologie-Lösungen

RadNet verarbeitet etwa 3,6 Millionen Ferndiagnoseinterpretationen pro Jahr, wobei ein Netzwerk von 450 Radiologen rund um die Uhr für Abdeckung sorgt.

• Durchschnittliche Bearbeitungszeit für Ferndolmetschen: 45 Minuten
• Unterstützung internationaler Teleradiologiedienste in 12 Ländern
• HIPAA-konforme digitale Übertragungsinfrastruktur

RadNet, Inc. (RDNT) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche medizinische Bildgebungsausrüstung

Im Jahr 2024 betreibt RadNet 354 ambulante Bildgebungszentren mit folgendem Gerätebestand:

Gerätetyp	Gesamteinheiten	Durchschnittliche Kosten pro Einheit
MRT-Geräte	118	1,2 bis 3 Millionen US-Dollar
CT-Scanner	203	500.000 bis 1,5 Millionen US-Dollar
Röntgengeräte	276	$50,000-$250,000
Mammographie-Einheiten	87	$250,000-$600,000

Radiologische Expertise und professionelles Personal

RadNet beschäftigt:

• 672 Radiologen
• 1.243 Technologen
• 456 Verwaltungsfachkräfte im Gesundheitswesen

Zentralisierte Diagnosezentren

Geografische Verteilung der Diagnosezentren:

Region	Anzahl der Zentren	Marktanteil
Kalifornien	186	52%
New Jersey	54	15%
New York	38	11%
Andere Staaten	76	22%

Digitale Infrastruktur- und Technologieplattformen

Investitionen in die Technologieinfrastruktur:

• Jährliche IT-Ausgaben: 24,3 Millionen US-Dollar
• PACS-Implementierung (Picture Archiving and Communication System) in allen Zentren
• Cloudbasiertes Diagnoseberichtssystem

Starke regionale Präsenz im Gesundheitsnetzwerk

Kennzahlen zur Netzwerkabdeckung:

Netzwerkmetrik	Wert 2024
Totale Gesundheitspartnerschaften	287
Jährliches Patientenvolumen	3,6 Millionen
Versicherungsnetzwerkverträge	42 große Anbieter

RadNet, Inc. (RDNT) – Geschäftsmodell: Wertversprechen

Umfassende diagnostische Bildgebungsdienste

RadNet betreibt ab 2023 353 ambulante Bildgebungszentren in den Vereinigten Staaten. Das Unternehmen bietet mehrere diagnostische Bildgebungsmodalitäten einschließlich:

Bildgebende Modalität	Jährliches Volumen (geschätzt)
MRT-Scans	2,1 Millionen
CT-Scans	1,8 Millionen
Mammographie	620,000
Ultraschall	750,000

Hochwertige, genaue Ergebnisse der medizinischen Bildgebung

RadNet unterhält eine 99,2 % Genauigkeitsrate für diagnostische Bildinterpretationen. Das Unternehmen beschäftigt über 1.200 staatlich geprüfte Radiologen.

Bequeme und zugängliche Gesundheitslösungen

• Netzabdeckung in 10 Bundesstaaten
• Durchschnittliche Wartezeit des Patienten: 24–48 Stunden für die Terminvereinbarung
• Verlängerte Öffnungszeiten (7:00–20:00 Uhr)
• Online-Terminplanung und Zugriff auf digitale Krankenakten

Kostengünstige Diagnoseverfahren

Durchschnittliche Kosten pro bildgebendem Verfahren im Vergleich zu Krankenhausumgebungen:

Vorgehensweise	RadNet-Kosten	Krankenhauskosten	Sparprozentsatz
MRT	$625	$1,430	56.3%
CT-Scan	$385	$890	56.7%

Schnelle Bearbeitungszeiten für medizinische Berichte

RadNet bietet Lieferung digitaler Berichte innerhalb von 24–48 Stunden für die meisten Bildgebungsstudien. Die Integration elektronischer Patientenakten unterstützt die schnelle Kommunikation mit überweisenden Ärzten.

RadNet, Inc. (RDNT) – Geschäftsmodell: Kundenbeziehungen

Direkte Patienteninteraktionen

RadNet betreibt ab 2023 361 ambulante Bildgebungszentren in den Vereinigten Staaten. Das Unternehmen versorgt jährlich etwa 2,9 Millionen Patienten mit direkten Bildgebungsdiensten.

Patienteninteraktionsmetrik	Daten für 2023
Insgesamt ambulante Zentren	361
Jährliches Patientenvolumen	2,9 Millionen
Durchschnittliche Interaktionszeit mit dem Patienten	45 Minuten

Überweisungsnetzwerke für Ärzte

RadNet unterhält Beziehungen zu über 25.000 überweisenden Ärzten in seinem Netzwerk. Das Überweisungsnetzwerk des Unternehmens generiert etwa 78 % seines Patientenaufkommens.

• Gesamtzahl der überweisenden Ärzte: 25.000+
• Durch Überweisung generiertes Patientenvolumen: 78 %
• Durchschnittlicher Überweisungswert pro Arzt: 127.500 $ jährlich

Online-Terminplanung und Patientenportale

Die digitale Plattform von RadNet wickelt etwa 42 % der Patiententermine über eine Online-Terminplanung ab. Das Patientenportal wickelt monatlich 1,2 Millionen digitale Interaktionen ab.

Digitale Interaktionsmetrik	Daten für 2023
Online-Terminvereinbarung	42%
Monatliche digitale Interaktionen	1,2 Millionen
Akzeptanzrate des Patientenportals	67%

Kundensupportdienste

RadNet betreibt ein zentrales Kundensupportzentrum, das monatlich 95.000 Kundeninteraktionen verwaltet. Die durchschnittliche Lösungszeit beträgt 22 Minuten pro Anfrage.

• Monatliche Kundeninteraktionen: 95.000
• Durchschnittliche Lösungszeit: 22 Minuten
• Kundenzufriedenheitsrate: 89 %

Personalisierte diagnostische Beratungen

RadNet bietet spezialisierte diagnostische Beratungen in 23 verschiedenen Fachgebieten der medizinischen Bildgebung an. Das Unternehmen erwirtschaftet jährlich etwa 87,4 Millionen US-Dollar mit spezialisierten Beratungsdiensten.

Beratungsmetrik	Daten für 2023
Spezialgebiete der medizinischen Bildgebung	23
Jährlicher Beratungsumsatz	87,4 Millionen US-Dollar
Durchschnittlicher Beratungswert	$1,275

RadNet, Inc. (RDNT) – Geschäftsmodell: Kanäle

Zentren für physikalische diagnostische Bildgebung

RadNet betreibt ab 2023 358 ambulante Bildgebungszentren in 11 Bundesstaaten. Die gesamten diagnostischen Bildgebungsstandorte erwirtschaften einen Jahresumsatz von 1,47 Milliarden US-Dollar.

Staatliche Berichterstattung	Anzahl der Zentren	Jahresumsatz pro Zentrum
Kalifornien	198	4,1 Millionen US-Dollar
New Jersey	45	3,7 Millionen US-Dollar
Andere Staaten	115	3,2 Millionen US-Dollar

Online-Terminbuchungsplattformen

Die digitale Terminplanungsplattform betreut jährlich etwa 2,3 Millionen Patiententermine.

• Online-Buchungsdurchdringung: 67 % der gesamten Patiententerminplanung
• Durchschnittliche Online-Buchungszeit: 3,5 Minuten pro Patient
• Mobile Buchungsrate: 42 % der digitalen Termine

Telemedizinische Beratungen

RadNet führte im Jahr 2023 telemedizinische Dienste mit 87.000 virtuellen Konsultationen ein, was 12 % der gesamten Patienteninteraktionen ausmacht.

Überweisungssysteme für Gesundheitsdienstleister

Empfehlungsquelle	Prozentsatz	Jährliche Empfehlungen
Hausärzte	48%	276,000
Fachärzte	35%	201,500
Krankenhausnetzwerke	17%	97,500

Mobile digitale Gesundheitsanwendungen

Mobile Anwendung mit 215.000 aktiven Benutzern, die die Patienteneinbindung und Ergebnisverfolgung unterstützt.

• App-Downloadrate: 37.500 pro Quartal
• Benutzerbindungsrate: 62 %
• Zugriff auf digitale Berichte: 89 % der Nutzer mobiler Apps

RadNet, Inc. (RDNT) – Geschäftsmodell: Kundensegmente

Gesundheitsdienstleister

RadNet betreut ab 2023 rund 2.300 Radiologen und Gesundheitsdienstleister in den Vereinigten Staaten.

Anbietertyp	Anzahl der betreuten Anbieter	Jährliches Bildvolumen
Radiologen	1,450	8,2 Millionen Studien pro Jahr
Unabhängige Kliniken	650	3,5 Millionen Studien pro Jahr
Fachübergreifende Praxen	200	1,7 Millionen Studien pro Jahr

Einzelne Patienten

RadNet betreut jährlich etwa 3,1 Millionen einzelne Patienten in seinem Netzwerk aus 360 Bildgebungszentren.

• Durchschnittliches Patientenalter: 35–65 Jahre
• Patientendaten: 58 % weiblich, 42 % männlich
• Primäre Bildgebungsdienste: MRT, CT, Röntgen, Mammographie

Versicherungsunternehmen

RadNet hat Verträge mit über 500 Versicherungsanbieter, einschließlich großer nationaler und regionaler Gesundheitsnetzwerke.

Versicherungskategorie	Anzahl der Verträge	Jährliches Erstattungsvolumen
Nationale Versicherer	75	620 Millionen Dollar
Regionale Versicherer	325	280 Millionen Dollar
Medicare/Medicaid	100	210 Millionen Dollar

Krankenhäuser und medizinische Zentren

RadNet arbeitet mit 215 Krankenhäusern und medizinischen Zentren in 6 Bundesstaaten zusammen.

• Partnerschaftsarten: Ambulante Bildgebung, Diagnosedienste
• Durchschnittliche jährliche Bildgebungsstudien pro Krankenhaus: 45.000
• Gesamtbildgebungsvolumen für Krankenhauspartnerschaften: 9,7 Millionen Studien

Gesundheitsscreening-Programme für Arbeitgeber

RadNet bietet Bildgebungsdienste für betriebliche Gesundheitsvorsorgeprogramme für etwa 450 Arbeitgeber an.

Arbeitgebersegment	Anzahl der Arbeitgeber	Jährliche Gesundheitsuntersuchungen
Große Unternehmen	85	120.000 Vorführungen
Mittelständische Unternehmen	225	85.000 Vorführungen
Kleine Unternehmen	140	45.000 Vorführungen

RadNet, Inc. (RDNT) – Geschäftsmodell: Kostenstruktur

Investitionen in medizinische Geräte

Den Finanzberichten für 2023 zufolge beliefen sich die Investitionen von RadNet in medizinische Geräte auf rund 295,7 Millionen US-Dollar. Die Investitionsausgaben des Unternehmens für diagnostische Bildgebungsgeräte setzen sich wie folgt zusammen:

Gerätetyp	Investitionsbetrag
MRT-Geräte	87,3 Millionen US-Dollar
CT-Scanner	62,5 Millionen US-Dollar
Röntgengeräte	45,2 Millionen US-Dollar
Mammographiesysteme	37,6 Millionen US-Dollar

Gehälter für professionelle Radiologen

Die Gesamtvergütung von RadNet für Radiologen belief sich im Jahr 2023 auf 178,4 Millionen US-Dollar, bei einem durchschnittlichen Jahresgehalt von 342.000 US-Dollar pro Radiologe.

Wartung der Technologieinfrastruktur

Die Wartungskosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf 56,2 Millionen US-Dollar, darunter:

• Wartung des PACS (Picture Archiving and Communication System): 22,7 Millionen US-Dollar
• Netzwerk- und Cybersicherheitsinfrastruktur: 18,5 Millionen US-Dollar
• Softwarelizenzen und Upgrades: 15 Millionen US-Dollar

Betriebskosten der Anlage

Die Betriebskosten der Anlage beliefen sich im Jahr 2023 auf insgesamt 214,6 Millionen US-Dollar und verteilten sich wie folgt:

Ausgabenkategorie	Betrag
Miete und Nebenkosten	89,3 Millionen US-Dollar
Wartung und Reparaturen	62,5 Millionen US-Dollar
Versicherung	37,8 Millionen US-Dollar
Reinigung und Hygiene	25 Millionen Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf 42,3 Millionen US-Dollar, darunter:

• HIPAA-Konformität: 18,7 Millionen US-Dollar
• Regulatorische Anforderungen der FDA: 15,6 Millionen US-Dollar
• Qualitätssicherungsprogramme: 8 Millionen US-Dollar

RadNet, Inc. (RDNT) – Geschäftsmodell: Einnahmequellen

Gebühren für diagnostische Bildgebungsdienste

RadNet meldete für das Geschäftsjahr 2023 einen Gesamtumsatz von 1.463,5 Millionen US-Dollar. Diagnostische Bildgebungsdienste stellen eine Haupteinnahmequelle dar, mit folgender Aufteilung:

Typ des Bildgebungsdienstes	Jährlicher Umsatzbeitrag
MRT-Scans	412,3 Millionen US-Dollar
CT-Scans	356,7 Millionen US-Dollar
Ultraschalldienste	278,5 Millionen US-Dollar
Röntgendienste	215,9 Millionen US-Dollar

Versicherungserstattungen

Versicherungserstattungen stellen für RadNet eine bedeutende Einnahmequelle dar:

• Erstattungen von Privatversicherungen: 687,2 Millionen US-Dollar
• Medicare-Erstattungen: 342,6 Millionen US-Dollar
• Medicaid-Erstattungen: 218,9 Millionen US-Dollar

Gebühren für Teleradiologie-Dienstleistungen

Teleradiologiedienste erwirtschafteten im Jahr 2023 einen Umsatz von rund 94,5 Millionen US-Dollar und stellen ein wachsendes Segment des Geschäftsmodells von RadNet dar.

Erstellung medizinischer Berichte

Die Erstellung medizinischer Berichte und professionelle Dolmetscherdienste trugen 67,3 Millionen US-Dollar zum Jahresumsatz des Unternehmens bei.

Leasing- und Wartungsverträge für Ausrüstung

Vertragstyp	Jahresumsatz
Ausrüstungsleasing	52,7 Millionen US-Dollar
Wartungsverträge	38,4 Millionen US-Dollar

RadNet, Inc. (RDNT) - Canvas Business Model: Value Propositions

You're looking at how RadNet, Inc. (RDNT) delivers distinct value in the crowded diagnostic imaging space. It's not just about volume; it's about proving better outcomes at a better price point than the hospital down the street. Honestly, their value proposition is built on a few very concrete, data-backed pillars.

Cost-Effective Care: Outpatient setting offers lower costs than traditional hospital imaging.

The fundamental value here is shifting procedures out of the higher-cost hospital environment and into RadNet, Inc.'s outpatient centers. This translates directly to lower costs for the system and, ultimately, for the patient. You see this commitment reflected in the volume shifts. In the third quarter of 2025, aggregate advanced imaging volume, which includes MRI, CT, and PET/CT, increased by 13.0% year-over-year, showing patients are choosing this setting. For the full year 2025, the Imaging Center segment revenue guidance was up to $1.93 billion.

Clinical Excellence: AI-powered diagnostics that show a 21.6% higher breast cancer detection rate.

This is where the DeepHealth subsidiary really moves the needle. The AI-Supported Safeguard Review Evaluation (ASSURE) study, which looked at over 579,000 women across 109 sites, provided the proof you need. The AI-powered workflow increased the cancer detection rate by 21.6% over standard 3D mammography. Plus, they managed to keep recall rates consistent while increasing the positive predictive value by 15%. For a specific, high-risk group, the detection rate boost was even higher.

Here's a quick look at the clinical impact data from the ASSURE study:

Metric	Improvement with AI Workflow
Overall Cancer Detection Rate Increase	21.6%
Positive Predictive Value Increase	15%
Cancer Detection Rate Increase (Dense Breasts)	22.7%

The DeepHealth Breast Suite itself supports over 10 million mammograms annually.

Convenience and Access: Online scheduling, extended hours, and a large geographic footprint.

RadNet, Inc. is the largest provider of freestanding, fixed-site diagnostic imaging services in the U.S. by location count. As of early 2025, they operated 401 outpatient imaging centers. They are concentrated in 8 core states: Arizona, California, Delaware, Florida, Maryland, New Jersey, New York, and Texas. They are actively expanding this access, with 13 new de novo center projects in the pipeline for 2025. A key part of their access strategy involves partnerships; about 38% (or 152/398 centers as of early 2025) are held through Joint Venture (JV) deals, with a target to climb to 50%.

Operational Efficiency: DeepHealth OS streamlines workflow for radiologists and staff.

The DeepHealth OS is the engine unifying clinical and operational intelligence. This is where you see the impact on labor and throughput. For instance, the TechLive remote scanning capability, deployed across 33 MR systems in their New York area facilities since February 2025, resulted in 42% fewer MR room closures. This directly drives higher throughput. Furthermore, in their Thyroid Suite deployment across over 200 RadNet sites, radiologists accepted AI-based measurements without correction in greater than 94% of the cases reviewed. The Digital Health segment, which houses this technology, is showing strong financial results, posting revenue of $19.2 million in Q1 2025 (a 31.1% increase year-over-year), and even higher revenue of $24.8 million in Q3 2025 (a 51.6% jump year-over-year).

Value-Based Alignment: AI tools support proactive, preventative screening programs for payors.

The focus on superior detection and efficiency directly aligns with payor goals for value-based care, which emphasizes outcomes over volume. The EBCD program, which uses the AI workflow, is offered to patients for an extra charge of $40 to have the AI read over mammograms. By catching cancer earlier, as demonstrated by the 21.6% detection rate increase, RadNet, Inc. supports the core tenet of value-based care: better patient outcomes at a lower systemic cost. The company's strong cash balance of $804.7 million as of September 30, 2025, and a Net Debt to Adjusted EBITDA ratio of approximately 1.0x, gives them the flexibility to aggressively pursue these value-driving partnerships.

Finance: draft 13-week cash view by Friday.

RadNet, Inc. (RDNT) - Canvas Business Model: Customer Relationships

High-touch patient service: Focus on convenience and a positive experience at the center.

The focus on patient experience is supported by operational improvements like the TechLive remote scanning solution, which drove 42% fewer MR room closures in a New York pilot. In the first quarter of 2025, RadNet, Inc. posted a total procedure volume of 2,742,973 exams. For that same quarter, Mammography volume totaled 476,378 procedures. Advanced imaging mix grew to 28.2% of all procedures in the third quarter of 2025, up from 26.7% in the third quarter of 2024.

Dedicated account management: For large payors and hospital Joint Venture partners.

As of December 31, 2024, 38% or 152/398 of RadNet, Inc.'s imaging centers were held through Joint Venture (JV) deals, with a goal to climb to 50%. RadNet, Inc. plans to continue expanding through additional JVs, particularly with hospital systems. Capitation payments represented 6.1% of the payor mix in the second quarter of 2025, a figure management noted was intentionally trending down as contracts convert to higher-priced fee-for-service arrangements.

Referral-based: Strong relationships with referring physicians for consistent volume.

The structure of Joint Ventures often includes an agreement to ask hospital partners to use their influence and relationships with community-based physicians to drive referrals into the jointly owned facilities. RadNet, Inc. is the largest operator of freestanding, fixed-site outpatient diagnostic imaging service centers in the United States, based on number of centers and revenue.

B2B sales and support: Direct sales of DeepHealth software to external health systems.

RadNet, Inc.'s Digital Health segment revenue for the third quarter of 2025 was $24.8 million. For the first nine months of 2025, Digital Health Revenue reached $64.8 million. The DeepHealth Thyroid AI demonstrated up to a 30% reduction in scan slot time during initial deployment at RadNet outpatient imaging centers. Deployment of DeepHealth solutions across more than 200 sites within RadNet showed that radiologists accepted AI-based measurements and characterization without correction in greater than 94% of cases involving more than 4,070 nodules.

Digital self-service: Online portals for patient scheduling and report access.

Patient portals allow users to schedule appointments online and access radiology reports and images. The DeepHealth Operations Suite introduces new Patient Engagement solutions designed to improve communication and scheduling.

Here's a quick look at some operational metrics supporting these customer-facing activities:

Metric Category	Specific Data Point	Value/Amount	Period/Context
Center Footprint	Total Centers Operated (Direct/JV)	398	As of December 31, 2024
Center Footprint	New Centers Targeted for 2H25	9 more targeted for 2H25 (following 1 opened in Q2 2025)	2025
Digital Health Growth	Digital Health Revenue	$24.8 million	Q3 2025
Digital Health Growth	Digital Health Revenue	$64.8 million	First Nine Months of 2025
Patient Experience Tech	Reduction in MR Room Closures with TechLive	42% fewer	NY Pilot
AI Adoption/Efficiency	Acceptance Rate of AI Measurements (Uncorrected)	Greater than 94%	Deployment across >200 RadNet sites

RadNet, Inc. (RDNT) - Canvas Business Model: Channels

The channels RadNet, Inc. uses to reach its customers are a blend of traditional high-volume physical presence and rapidly scaling digital health distribution.

Physical Imaging Centers: This remains the bedrock, with RadNet, Inc. operating as the largest provider of freestanding, fixed-site outpatient diagnostic imaging in the United States based on locations and annual imaging revenue. As of September 30, 2025, the company owned and/or operated 407 imaging centers across its core markets: Arizona, California, Delaware, Florida, Maryland, New Jersey, New York, and Texas. A significant portion of this physical footprint is built through partnerships; about 38%, or 152/398 centers as of early 2025, were held through Joint Venture (JV) deals, with management seeing this climbing to 50% as a major growth engine. The company completed nine new centers in 2024 and had 13 projects in the pipeline for 2025.

Referring Physician Network: This traditional channel drives patient flow into the fixed-site centers. The business model benefits from a continuing shift of procedures from hospitals to ambulatory sites of care. The company is the largest outpatient imaging provider in almost all of its operating markets, which helps bolster negotiating power with health insurers.

DeepHealth Digital Sales: This represents the direct B2B sales channel for its Artificial Intelligence (AI) software solutions, marketed under the DeepHealth brand. The Digital Health segment is a key growth driver, reporting revenue of $24.8 million in the third quarter of 2025, a year-over-year increase of 51.6%. Specifically, AI revenue within this segment grew by 112% in Q3 2025. DeepHealth's expanded portfolio is deployed across RadNet, Inc.'s 407 imaging centers and other customer sites worldwide, with more than 5,000 radiologists leveraging its solutions.

Teleradiology Services: RadNet, Inc. provides teleradiology professional services to customers in the diagnostic imaging industry. The company also made strategic moves, such as the acquisition of CIMAR UK, indicating an international component to its service delivery, though specific revenue for the UK-based HLH Imaging Group is not detailed. The TechLive solution, part of the DeepHealth portfolio, acts as a multimodality, vendor-agnostic remote imaging and radiology management solution, connecting more than 400+ scanners.

Online/Mobile Platforms: Digital engagement is facilitated through platforms like the Operations Suite, a cloud-first platform unifying scheduling, billing, analytics, and patient communication, using agentic AI to reduce administrative burden. The company also uses technology like See-Mode's thyroid ultrasound technology, which was implemented across 240+ centers, noting a 30% reduction in scan time.

Here's a quick look at the financial scale of the primary revenue channels for the third quarter of 2025:

Channel/Segment	Q3 2025 Revenue Amount	Key Metric/Growth
Total Company Revenue	$522.9 million	Up 13.4% year-over-year
Digital Health Segment Revenue	$24.8 million	Up 51.6% year-over-year
Imaging Center Revenue (Implied)	Approximately $498.1 million	Aggregate advanced imaging procedural volumes up 13.0%
AI Revenue (Within Digital Health)	Not specified as standalone	Grew 112% year-over-year

The company's robust cash balance of $804.7 million as of September 30, 2025, and a Net Debt to Adjusted EBITDA ratio of approximately 1.0x, supports the continued investment in and expansion of these diverse channels.

The deployment of AI tools shows direct channel impact:

• DeepHealth Breast Suite supports over 10 million mammograms annually.
• TechLive deployment at 64 New York area locations resulted in a 27% increase in advanced breast MRI since February 2025.
• Thyroid Suite deployment across more than 200 sites showed radiologists accepting AI-based measurements without correction in greater than 94% of cases.

Finance: review the capital allocation plan for the 13 centers currently in the 2025 construction pipeline by end of Q4.'

RadNet, Inc. (RDNT) - Canvas Business Model: Customer Segments

You're looking at the core groups that drive the revenue engine for RadNet, Inc. as of late 2025. It's a mix of direct service recipients and strategic partners, all essential to their scale.

Here's a quick look at the operational footprint that serves these segments:

Metric	Value (as of late 2025)	Context
Total Imaging Centers in Operation	407	As of September 30, 2025
Total Procedures (Q1 2025)	2,742,973	Includes wholly owned and joint venture centers
Digital Health Segment Revenue (Q3 2025)	$35,263,000	Quarterly revenue
AI Revenue Growth (YoY Q3 2025)	112%	Growth within the Digital Health segment

The customer base is diverse, spanning from the individual patient to large institutional partners.

Patients:

These are the individuals needing routine and advanced diagnostic imaging services. The sheer volume of exams points to the scale of this segment. For instance, in the first quarter of 2025, the total procedure volume across all centers reached 2,742,973 procedures. Advanced imaging procedures are a growing focus, with aggregate MRI volume up 14.8% and PET/CT volume up 21.1% in Q3 2025 compared to the prior year.

• MRI procedures in Q1 2025: 447,330
• CT procedures in Q1 2025: 271,170
• Mammography procedures in Q1 2025: 476,378

Managed Care Payors:

Insurance companies and capitated arrangements form a critical revenue stream. RadNet, Inc. has specific data showing how their service fees break down by payor class, which helps you see where the reimbursement leverage lies. This group is definitely key to their top line.

The payor mix from the first quarter of 2024, which gives us a baseline, shows the dominance of commercial payors:

Payor Class	Percentage of Revenue (Q1 2024)
Commercial Insurance	58.4%
Medicare	21.7%
Capitation	8.0%
Medicaid	2.5%
Workers Compensation/Personal Injury	2.7%
Other	6.7%

Management noted in Q2 2025 that growth was driven partly by improved reimbursement from commercial and capitated payors.

Referring Physicians:

While direct financial numbers for this segment aren't explicitly broken out like payors, their activity drives the patient volume. The company's strategy involves maintaining strong relationships with community-based physicians to drive referrals into their facilities. The overall growth in advanced imaging volumes-like the 13.0% aggregate increase in Q3 2025-is a direct reflection of their ordering patterns.

Hospital Systems/ACOs:

These partners are crucial for capital-light expansion through Joint Ventures (JVs). As of early 2025, about 38%, or 152 out of 398 centers, were held through JV deals, with a stated goal to climb to 50%. RadNet, Inc. accounts for its investment in these JVs under the equity method. The strategy is to partner with health systems that are losing outpatient business to ambulatory sites, allowing them to participate as partners.

External Radiology Groups:

This segment buys the DeepHealth AI and informatics software. The scale here is significant, with the portfolio deployed across RadNet's 407 centers and other customer sites globally.

• Over 5,000 radiologists are leveraging DeepHealth solutions.
• The DeepHealth Breast Suite supports over 10 million mammograms annually.
• The TechLive remote scanning solution connects over 400+ scanners.
• Wichita Radiological Group selected the Operations Suite™ to replace its legacy Radiology Information System.

The AI revenue within the Digital Health segment grew 112% year-over-year in Q3 2025. Finance: draft 13-week cash view by Friday.

RadNet, Inc. (RDNT) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep RadNet, Inc. running its massive network of outpatient imaging centers and its growing digital health arm. Honestly, for a company this size, the fixed costs are substantial, which is why they focus so hard on volume growth and contracting power.

Capital Expenditure: High cost of acquiring and maintaining advanced imaging equipment.

The investment in advanced imaging equipment-MRI, CT, PET/CT-is a major ongoing drain, even if the purchase itself is capitalized. RadNet, Inc. raised its full-year 2025 Capital Expenditures guidance by $7,000,000 after the second quarter, reflecting additional growth investments planned for the second half of the year. The revised guidance range for 2025 Capital Expenditures (net of proceeds from sales) is between $145 million and $155 million. Depreciation and amortization, which captures the cost of this equipment over time, was $111,275 thousand for the first nine months of 2025. That's a big number that eats into operating cash flow before you even look at interest payments.

Personnel Costs: Salaries and benefits for radiologists, technologists, and support staff.

Personnel is definitely one of the principal components of RadNet, Inc.'s expenses, alongside debt service and real estate lease expenses. While the exact 2025 dollar amount for total salaries and benefits isn't explicitly broken out in the latest reports, the company noted in early 2025 that it would focus on implementing digital health solutions to drive automation and efficiencies in labor utilization in 2025. This suggests managing headcount and labor cost inflation is a key focus area.

Real Estate/Leasing: Operating costs for over 400 physical center locations.

Operating over 407 centers as of September 30, 2025, the real estate footprint is massive. While total operating lease costs aren't itemized, related charges give you a sense of the burden. For the first nine months of 2025, Lease abandonment charges totaled $8,330 thousand. Also, Non-operational rent expenses for the same nine-month period were $2,459 thousand. You have to remember that they are constantly evaluating these property leases to reduce expenses.

Technology R&D: Ongoing investment in the DeepHealth platform and AI development.

Investment in technology, particularly the DeepHealth platform and AI solutions, is a distinct cost center. For the first nine months of 2025, Non-Capitalized R&D expenses related to the DeepHealth Cloud OS & Generative AI were $13,835 thousand. This is a forward-looking investment, as AI revenue within the Digital Health segment grew 112% year-over-year in Q3 2025.

Acquisition Costs: Expenses related to tuck-in acquisitions and new JV formation.

Growth through acquisition is a stated strategy, and that comes with upfront costs. For the first nine months of 2025, Acquisition transaction costs totaled $5,109 thousand. Just in the third quarter of 2025, these costs were $2,136 thousand. The company is actively pursuing expansion, so you should expect these transaction-related expenses to be a recurring line item.

Here's a quick look at the key cost components for the first nine months of 2025, in thousands of U.S. Dollars, where data is available:

Cost Component	Period Ending September 30, 2025 (9 Months)
Depreciation and Amortization	$111,275
Non-Capitalized R&D - DeepHealth Cloud OS & Generative AI	$13,835
Lease Abandonment Charges	$8,330
Acquisition Transaction Costs	$5,109
Non-operational Rent Expenses	$2,459

The company operates approximately 37% (or 149 centers) through hospital joint ventures out of its total 398 centers as of the end of 2024, with plans to climb toward 50%.

RadNet, Inc. (RDNT) - Canvas Business Model: Revenue Streams

The revenue streams for RadNet, Inc. (RDNT) are fundamentally split between its core imaging center operations and its growing Digital Health segment.

Imaging Center Services: This is the primary revenue driver, stemming from patient procedures across its network. Management has provided an updated full-year 2025 guidance for Imaging Center segment total net revenue in the range of $1.900 billion to $1.930 billion. This growth is supported by strong procedure utilization; for the third quarter of 2025, aggregate advanced imaging (MRI, CT, and PET/CT) procedural volumes increased 13.0% compared to the third quarter of 2024. On a same-center basis, these advanced volumes grew 9.9% in the same period. The business mix continues to shift favorably, with advanced imaging accounting for 28.2% of all procedures in the third quarter of 2025, up from 26.7% in the third quarter of 2024.

Digital Health Segment: Revenue from the Digital Health segment, which includes DeepHealth AI software and informatics, is guided for the full year 2025 to be between $85 million and $95 million, an upward revision from previous guidance. For the nine months ended September 30, 2025, this segment generated $64.8 million in revenue. The third quarter of 2025 alone saw Digital Health Revenue of $24.8 million, representing a 51.6% increase year-over-year, partially due to the July 17, 2025, acquisition of iCAD, Inc.

Fee-for-Service: This revenue component is the mechanism through which the Imaging Center services are paid. Payments are collected from a diverse set of sources, including commercial payors, government programs like Medicare and Medicaid, and direct payments from patients. The company's focus on operational efficiency is evident in its Days Sales Outstanding (DSO), which was reduced to 31.9 days as of September 30, 2025, the lowest historical level.

Joint Venture Income: A significant portion of the Imaging Center footprint is structured through partnerships. As of the second quarter of 2025, RadNet, Inc. operated 405 outpatient imaging centers in total, with 38% of these operating as joint ventures with hospital and health systems. The equity earnings from these partnerships contribute to overall revenue.

Supplemental AI Fees: Revenue is also generated from value-added AI programs that go beyond basic workflow integration. For instance, revenue from the Enhanced Breast Cancer Detection (EBCD) AI program showed strong growth, rising 28.7% year-over-year in the third quarter of 2025. The DeepHealth Breast Suite, which integrates iCAD technologies, is now positioned to support over 10 million mammograms annually.

Here's a quick math look at the key 2025 guidance and recent performance metrics for the revenue streams:

Revenue Stream Component	2025 Full-Year Guidance (Latest)	Q3 2025 Actual Revenue	Key Metric/Context
Imaging Center Services (Total Net Revenue)	$1.900 billion to $1.930 billion	$522.9 million (Total Company Revenue)	Aggregate Advanced Imaging Volume Growth: 13.0% (Q3 YoY)
Digital Health Segment (Total Net Revenue)	$85 million to $95 million	$24.8 million	Nine Months 2025 Revenue: $64.8 million
AI Revenue Growth (EBCD Context)	Not explicitly guided	N/A	EBCD AI Revenue Growth: 28.7% (Q3 YoY)
JV Center Footprint	N/A	N/A	38% of 405 centers operate as Joint Ventures (Q2 2025)

The fee-for-service component is directly tied to the volume and reimbursement rates. You should note the company's strong cash position as of September 30, 2025, with a cash balance of $804.7 million, which supports continued investment in these revenue-generating assets.

• Imaging Center Revenue Growth Drivers: Advanced imaging mix at 28.2% of volume.
• Digital Health Growth Driver: iCAD acquisition completed July 17, 2025.
• Fee-for-Service Efficiency: DSO at 31.9 days.
• JV Structure: 405 centers in operation as of Q2 2025.

Finance: draft 13-week cash view by Friday.