RadNet and radiology technology company Imaging Advantage have announced the beginning of a multi-year collaboration, which will take advantage of both RadNet’s outpatient experience and Imaging Advantage’s cloud-based technologies.

Under the new agreement, Imaging Advantage will integrate RadNet radiologists into its cloud-based platform.

In addition, RadNet will advise Imaging Advantage on topics such as billing and collecting, risk management, and marketing.

“Professional radiology services are critical to RadNet’s service offerings,” Howard Berger, MD, RadNet president and CEO, said in a statement. “As we encounter more opportunities to provide our services on a larger scale and participate in leading-edge risk management models, we are pleased to be working with Imaging Advantage and its highly innovative cloud platform and business strategy. Equally important, I believe Imaging Advantage is a resourceful and capable partner to employ our doctors and incorporate them into a new model of delivery. Imaging Advantage can enhance the professional satisfaction of our affiliated radiologists, while simultaneously reducing our cost of delivering high quality and efficient radiology services to our imaging facilities and joint venture partners.”

“We are excited about working with RadNet, the largest owner and operator of freestanding outpatient imaging centers in the United States,” Naseer Hashim, Imaging Advantage CEO, said in the same statement. “The magnitude of the combined resources, radiologists and data generated creates myriad unique opportunities in population health management.”

In the companies’ statement, it is suggested that their collaboration could expand into additional markets in the near future.