RadNet is bolstering its C-suite by hiring two executives from Philips, hoping the added talent will help fuel growth initiatives, the imaging industry giant announced Monday.
The hires include Sanjog Misra, who is joining the publicly traded, Los Angeles-based imaging center operator as chief commercial officer of digital health. He spent the last 14 years with the vendor, most recently serving as VP of enterprise solutions, commercial leader of diagnostic imaging chains and head of Philips Capital in North America.
“Sanjog is a seasoned healthcare executive who comes with both commercial and finance experience,” RadNet President and CEO Howard Berger, MD, said in a July 31 announcement. “He has an invaluable understanding of how to drive commercial scale with profitable business models within new and emerging markets.”
Meanwhile, Sham Sokka, PhD, also is joining RadNet from Philips as chief operating and technology officer of digital health. He brings “significant” executive-level experience, most recently serving as senior VP of innovation and marketing for Philips Precision Diagnosis. He earned his doctorate degree from the MIT-Harvard division of Health, Sciences, and Technology, leading clinical development of imaging systems and helping to introduce new MR-guided therapy systems in oncology, RadNet noted.
“His career has been dedicated to driving transformation in the healthcare industry,” Berger said in the announcement. “We are confident that his leadership and insights will prove pivotal as we execute on our vision to grow our digital health initiatives.”
RadNet said the two executives will help further development of the company’s technology solutions, which include the eRAD platform for image management, along with clinical and generative artificial intelligence. The company believes its expanding management team is “indicative of strong momentum in RadNet’s business and a commitment to its health informatics roadmap.”
The hires come after the company recently closed a public stock offering, raising $259 million in new capital to pay off debt and spur expansion. RadNet—which operates a total of 363 outpatient imaging centers—plans to announce its second quarter earnings results on Aug. 8.
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.