LucidHealth rebrands its teleradiology services division
LucidHealth is rebranding its teleradiology services division in a bid to strengthen the company’s presence in the growing U.S. market.
The Columbus, Ohio-based imaging group is repositioning the business as Lucid Teleradiology, rather than LucidSolutions, the organization announced Tuesday. Lucid said the strategic move is meant to “strengthen brand visibility, clarify service offerings and support long-term growth in an increasingly competitive radiology marketplace.”
Leaders expect the name change to take effect this year but emphasized its mission, core values and “dedication to clinical excellence” will remain.
“As we continue to position LucidHealth for sustained success, it is essential that our teleradiology brand clearly communicates who we are and how we serve our partners,” CEO Steve Corbeil, MHA, who joined the organization in 2023, said in a statement March 10. “Lucid Teleradiology more directly reflects the expertise, scale and clinical focus of our team of radiologists while reinforcing our commitment to delivering exceptional clinical outcomes for our patients.”
LucidHealth is appointing radiologist David West, MD, as practice president of Lucid Teleradiology as part of the rebranding. In the new role, he’ll provide physician leadership across the division, helping to “further align clinical decision-making” with the company’s strategic growth initiatives. West also will continue serving as practice president of Riverside Radiology & Interventional Associates, the organization’s practice serving central and southern Ohio.
“Dr. West’s leadership ensures that physician perspectives remain central as Lucid Teleradiology continues to grow and evolve,” Corbeil said in the announcement. “His clinical insight and experience will be instrumental in guiding the practice forward.”
Lucid Teleradiology now employs over 70 remote-based radiologists reading for hospitals systems in Ohio, West Virginia, Kentucky, Wisconsin and Iowa. The company said it first launched LucidSolutions around early 2020 and believes it is among “the first national radiology practices to invest in and scale teleradiology across the Midwest.”
LucidHealth was founded in 2016 with funds from private equity firm Excellere Partners. Its network of community-based radiology practices serve over 140 healthcare facilities, employing more than 300 on-site and remote radiologists across the U.S. In January, Lucid sold 13 Florida imaging centers that were previously part of Radiology Regional to RadNet. Inc. for $65 million. At the time, LucidHealth said it did not anticipate any further sales of its operations, including Connecticut-based Radiology Associates of Hartford, which was not part of the transaction.
High interest in teleradiology
Corbeil and colleagues said they do not expect to implement any immediate operational changes with the rebranding. The move comes amid explosive growth and consolidation across the teleradiology industry. While private equity acquisitions of radiology groups have slowed somewhat, investors have shown high interest in this sector, according to Andrew Colbert, senior managing director of Ziegler.
Last year, Colbert highlighted estimates that the teleradiology market was worth about $4.4 billion and is expected to reach $6.7 billion by 2027. It offers benefits to customers such as reduced staffing challenges, greater access to subspecialists and more consistent turnaround times. And to radiologists, the model means flexibility to work from home and a “straightforward pay structure attractive for high-performing providers.”
Tynia Arnold, VP of clinical recruitment for LucidHealth, noted some of these perks in a piece published by the company in January. She said radiologist demand continues to outpace supply in 2026 and recruiting strategies are “evolving rapidly.” She believes flexibility will continue to be a key driver of attracting and retaining rads this year.
Arnold noted that subspecialties such as neuroradiology, body imaging, MSK and emergency radiology are “increasingly well-suited for remote practice.” Advanced PACS systems, secure networks and standardized workflows have helped fuel this trend. Remote radiology also continues to grow due to persistent staffing shortages, increased doc demand for work-life balance and geographic flexibility, and the “proven quality and efficiency” in teleradiology and hybrid care models.
“Remote work is no longer an alternative—it’s a core recruiting strategy in modern radiology,” she wrote in January.
Colbert highlighted an estimate from a market research report, claiming that teleradiology groups potentially are 20% to 33% more productive than a traditional private practice. Legacy staffing models have been seen as inefficient, with a staffing-volume mismatch throughout parts of the day. For instance, higher-paid rads may have the lightest workloads in evenings. Meanwhile, teleradiology offers a fully variable cost structure (with pay for completed reads), enabling customers to augment on-site radiologists with telerad capabilities.
He highlighted overseas operators such as Australia’s I-MED Network Radiology, which recently entered the U.S. market with the acquisition of San Diego-based StatRad.
“There are definitely a lot of international dollars behind a number of these businesses and they’re all trying to get into the U.S.,” Colbert said during a presentation at the Radiology Business Management Association’s 2025 annual meeting. “This is an area where you are going to see a lot of capital flowing into the market, both private equity dollars as well as rad groups that have excess capacity who are going to start building their own teleradiology platform.”
Recent acquisitions in the industry have included Premier Radiology Services buying National Radiology Solutions, or NRad, for an undisclosed sum in January and MetisMD last July.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.