Who is RadPartners?
Radiology Partners (RadPartners) is a leading on-site radiology practice with commitment to clinical excellence and service. Physicians are shareholders in the practice. RadPartners is well-capitalized and radiologist-led, with an experienced healthcare management team with proven ability to scale and run a multi-state operation. The practice is governed locally by the radiologists. RadPartners is currently in 21 states with approximately 1400 radiologists serving more than 1000 hospitals and outpatient centers. We are on a mission to transform radiology.
December 19, 2019
Radiology Partners Adds Wisconsin-Based Radiology Associates of Appleton to Practice
The partnership furthers RP’s presence in Wisconsin
(EL SEGUNDO, Calif.) December 19, 2019 – Radiology Partners (RP), the largest radiology practice in the U.S., today announced a new practice partnership with Wisconsin-based, Radiology Associates of Appleton. The partnership adds to RP’s presence in Wisconsin after announcing a separate partnership with Advanced Diagnostic Imaging.
Among its referring physicians and patients, Radiology Associates of Appleton has a long history of providing high quality care in diagnostic and therapeutic services. Their dedication to patient care, quality and service drive strong and longstanding relationships with healthcare providers, including ThedaCare and Bellin Health in Wisconsin.
“Our partnership with Radiology Associates of Appleton is a great addition to RP as we continue to grow with practices that are committed to delivering quality care,” said Rich Whitney, Radiology Partners’ chairman and CEO. “We are thrilled to welcome Radiology Associates of Appleton’s exceptional group of physicians to RP. We are also excited about the tremendous growth opportunities going forward throughout the state of Wisconsin.”
“RP’s local governance model of one practice, locally led and their focus on best demonstrated practices to improve quality matched with who we are as a practice,” said practice president, Tim Bernauer, MD. “We are encouraged by the progress RP has made towards improving care and measurements and the importance they place elevating radiology as a whole within the healthcare system.”
SVB Leerink acted as exclusive financial advisor to Radiology Associates of Appleton, with Reed Smith serving as legal counsel.
McDermott, Will & Emery LLP served as legal counsel to RP.
About Radiology Partners
Radiology Partners is the largest physician-led and physician-owned radiology practice in the U.S.,
serving approximately 1,200 hospitals and other healthcare facilities across the nation. As a physician-led practice, our mission is to transform radiology by innovating across clinical value, service and economics, while elevating the role of radiology and radiologists in healthcare. Using a proven healthcare services model, Radiology Partners provides consistent, high quality care to patients, while delivering enhanced value to the hospitals, clinics, imaging centers and referring physicians we serve. Learn more at www.radpartners.com.
About Radiology Associates of Appleton
Founded in 1968, Radiology Associates of Appleton has built an excellent reputation for providing the highest quality diagnostic and therapeutic service for referring physicians and their patients. Our practice encompasses all areas of Diagnostic & Interventional Radiology, and Radiation Oncology specialties. Our board-certified Physicians use the latest technology, along with their considerable years of experience, to provide the most accurate assessments and treatments.
With a $60 million capital investment from New Enterprise Associates (NEA), a global venture capital firm investing in technology and healthcare, RadPartners began with a strong financial foundation. As one of the world’s largest firms with deep insight into the industries they serve, NEA offers RadPartners a solid partnership contributing experience and capital support. Today, RadPartners is the leading on-site radiology practice in the U.S., headquartered in Southern California partnering with approximately 1400 radiologists providing services to more than 1000 hospitals, clinics and imaging centers across 21 states. Our radiologist partners rely on our state-of-the-art clinical technology, experienced healthcare management team, reassurance of a shared philosophy, and strong financial position for continued growth and investment.
Our Physician Governance Credo
Physicians lead physicians
Healthcare will always be local business
Physicians are not limited to clinical decision-making
Physicians are accountable for developing other physicians
There's still a place for democratic governance
The quick growth of RadPartners signifies the timeliness and necessity for radiologists to consolidate and function in a more cohesive environment. The complexities of the rapidly changing healthcare landscape, insurance reimbursements and contract negotiations, create distractions for physicians who prefer to concentrate on quality patient care.
While RadPartners offers the stability of a strong national on-site radiology practice, physicians at each local practice manage to the expectations of the local standards of care. Maintaining independence allows each practice to serve and govern their practice in the way that best suits the referring and patient community as well as their client administration. The physicians set the standard of care for their practice while relying on regional support for infrastructure as needed. In addition, the majority of our radiologists are shareholders. Early partners have an ability to shape who we are and who we will become.
Our model, which has already proven successful in other areas of healthcare, is being led by RadPartners’ experienced healthcare management team. Collectively, this team has extensive experience leading healthcare companies to unprecedented financial, contracting, billing and IT accomplishments. Many of RadPartners’ leaders were prior DaVita Healthcare Partners (dialysis and nephrology company) executives. During their leadership, DaVita went from near bankruptcy to a $12 billion, Fortune 300® company in a decade.
Using a proven healthcare model guided by an experienced healthcare management team with extensive healthcare successes, RadPartners provides consistent quality care to patients, while delivering value to hospitals, clinics, imaging centers and referring physicians.