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Health Images sees MRI volume grow
Imaging services provider HealthImages has bounced back from last year's sluggish imaging centermarket. The Atlanta firm reported growth in same-center MRI patientvolume, which helped the company post improving revenue and incomenumbers for the second
Imaging services provider HealthImages has bounced back from last year's sluggish imaging centermarket. The Atlanta firm reported growth in same-center MRI patientvolume, which helped the company post improving revenue and incomenumbers for the second quarter (end-June).
Revenue for the quarter was $19.9 million, up 6% from the $18.7million in the same period a year ago. Earnings jumped 110%, withnet income of $1.4 million this quarter compared to $669,000 inthe same period last year.
The improvement was led by gains in same-center MRI studies,which increased by 17.6% over the same quarter last year. TotalMRI studies increased 21%.
Health Images has pursued a business strategy of securing contractswith HMOs and other large payors on a national level and networkingwith hospitals and physicians on a local level (SCAN 2/16/94).