Our third sector is diagnostics. In FY15, this included 11 months of earnings from the pathology business which was sold on 1 May 2015. The sector now comprises our Auckland based radiology business, Insight+Ascot Radiology.
The radiology market is highly specialised and dominated by a small number of private practice groups. Medical advances in radiology are providing improved diagnosis for patients and at an earlier stage, often leading to better outcomes. These new technologies are also driving industry change as patients and referrers opt for providers that are able to offer these high end modalities such as PET CT scanning and digital mammography.
Our radiology revenue continues to grow as demand and referrals increase for the business’ high end imaging modalities and specialist services across its five Auckland clinics. We restructured our customer support function in FY15, leading to significant improvements and we are upgrading our Ascot Hospital clinic this year to provide better patient flow and access to services. We are also investing into the latest digital tomosynthesis mammography equipment which provides high-resolution breast imaging and will double capacity in mammography which is one of Insight+Ascot Radiology’s biggest growth areas.
Read a detailed review on Insight+Asot Radiology and its performance in FY15.