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RadNet Inc (RDNT) Q1 2021 Earnings Call Transcript

Good day and welcome to the RadNet, Inc. First Quarter Financial Results Call. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Mark Stolper, Executive Vice President and Chief Financial Officer of RadNet, Inc. Please go ahead, sir.
Mark D. Stolper
Executive Vice President and Chief Financial Officer
Thank you. Good morning, ladies and gentlemen and thank you for joining Dr. Howard Berger and me today to discuss RadNet s first quarter 2021 financial results. Before we begin today, we d like to remind everyone of the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. This presentation contains forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Specifically statements concerning anticipated future financial and operating performance, RadNet s ability to continue to grow the business by generating patient referrals and contracts with radiology ....

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RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 .
RadNet, Inc.March 8, 2021 GMT
Despite the ongoing impact of COVID-19, RadNet reports record fourth quarter 2020 Total Net Revenue (“Revenue”) of $308.5 million and Adjusted EBITDA
( 1
(1)
increased 8.1% as compared with the same quarter in 2019
Improved reimbursement from expanded implementation of 3D mammography and increases in capitation contracts and cash collections drove increased Revenue
Focus on cost reductions, center consolidations and operational efficiencies throughout the COVID-19 period resulted in an Adjusted EBITDA
(1)
margin of 16.4%, an improvement of 0.8%, or 80 basis points relative to last year’s fourth quarter ....

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