PITTSBURGH and LOS ANGELES, Dec. 2, 2010 (GLOBE NEWSWIRE) -- M*Modal and RadNet, Inc. (Nasdaq:RDNT) announced today a partnership to integrate M*Modal's Speech Understanding™ technology into RadNet's radiology Information technology solutions. This integration will provide advanced speech and documentation capabilities to RadNet's proprietary diagnostic software solutions used at the company's 192 owned and operated outpatient imaging centers across the United States.
Performing over 3.5 million procedures annually, RadNet offers its patients and referring physicians a full spectrum of diagnostic imaging exams, including PET/CT, MRI, CT, Nuclear Medicine, Mammography, Ultrasound and X-ray, as well as numerous other procedures.
M*Modal's Speech Understanding™ technology gives radiologists high-productivity speech recognition that streamlines the diagnostic report production process and produces higher quality documentation for referring physicians. M*Modal's technology will be integrated with RadNet's workflow solutions, providing significant enhancements to diagnostic reporting capabilities.
"RadNet recently entered the radiology IT market by acquiring eRAD for its PACS and establishing an experienced software development team to create workflow solutions," commented Ranjan Jayanathan, RadNet's Chief Information Officer. "To enhance our technology offerings, we sought a flexible and proven speech recognition engine that could be integrated into our reporting software. M*Modal's platform provides us a solution that meets all of our requirements."
Howard G. Berger, M.D., President and Chief Executive Officer, RadNet, added, "Our IT solutions, complemented by M*Modal's technology, will provide our 350+ radiologists, and the customers of our eRAD products and services, superior reporting capabilities, significant cost-savings and faster turnaround time."
"We are excited to partner with RadNet, the leading national owner and operator of outpatient imaging centers," stated Michael Finke, M*Modal Chief Executive Officer. "This agreement supports RadNet's strategy to deploy advanced technologies within its operations, and affords M*Modal the opportunity to deliver our solutions into nearly 200 high volume imaging centers."
M*Modal will exhibit at booth #9150 at RSNA. RadNet will exhibit at booth # 1600 at RSNA.
About M*Modal
M*Modal, the market leader in advanced Speech Understanding technology, combines industry leading technology and clinical documentation services to produce highly accurate, structured, encoded and shareable medical documents to facilitate the use and adoptability of electronic health records. More than 800 healthcare organizations nationwide utilize M*Modal's solutions to increase patient safety and promote continuity of patient care. For more information, please visit www.mmodal.com.
About RadNet, Inc.
RadNet, Inc. is a national market leader providing high-quality, cost-effective diagnostic imaging services through a network of 192 fully-owned and operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey and New York. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 4,300 employees. For more information, visit www.radnet.com.
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CONTACT: KNB Communications M*Modal Contact: Josh Silverman 203.504.8230 ext. 111 jsilverman@knbpr.com RadNet, Inc. RadNet, Inc. Contact: Mark Stolper, Executive Vice President and Chief Financial Officer 310.445.2800 Alliance Advisors, LLC Alan Sheinwald, President asheinwald@allianceadvisors.net Mark A. McPartland, Vice President markmcp@allianceadvisors.net 914.669.0222