RadNet Engages SCG to Develop Its Performance Measures Strategy
APR. 23, 2018
RadNet, Inc. (NASDAQ: RDNT) has engaged Signature Consulting Group (SCG) to assist in developing and implementing its strategy for performance measures for Medicare's Merit-based Incentive Payment System (MIPS).
RadNet has vast industry and Centers for Medicare & Medicaid Services (CMS) experience and is a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers.
"We are looking forward to our new partnership with SCG because of its wealth of knowledge and experience with developing and implementing performance measures. RadNet sees the need for MIPS performance measures that are consistent with the practice of outpatient radiology", said Susan Hollabaugh, RadNet's Vice President for Regulatory Analysis and Conformance. "Radiology has very few MIPS performance measures relative to other physician specialties, and those that do exist seem better tailored to hospital-based radiology practices."
SCG will work collaboratively with RadNet to create new radiology-specific performance measures that reflect the clinical practice of radiology and patient care in freestanding imaging centers, and assist in the broad adoption of these measures. In turn, these performance metrics will guide decision-making for continuous improvement in the quality of imaging care received by patients.
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 298 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 7,100 employees. For more information, visit http://www.radnet.com.
About Signature Consulting Group (SCG)
SCG is a premier Health IT consulting company focused on the improvement of the US healthcare system for all Americans. SCG works with Federal Agencies and Commercial healthcare groups. SCG specializes in digital development and operations, value based care and payment models, health system transformation, and program integrity management.