Could a la carte pricing be a consideration in improving revenue for radiologists in private practice?
|Articles|August 5, 1998
Picker notches strong profit growth
Multimodality vendor Picker International's 1998 financial results indicated double-digit growth rates for both revenues and profits, the Cleveland company reported last month. The company posted revenue of $1.24 billion for fiscal 1998 (end-March), up
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Multimodality vendor Picker International's 1998 financial results indicated double-digit growth rates for both revenues and profits, the Cleveland company reported last month. The company posted revenue of $1.24 billion for fiscal 1998 (end-March), up 11.5% compared with sales of $1.1 billion for fiscal 1997. Picker's equipment order backlog increased by 20%.
Profits before tax also climbed, at a rate of 19%, although Picker is not required to release specific net income numbers because it is a subsidiary of General Electric Company (GEC) of the U.K. Picker executives attributed the strong growth to the rebound in the medical imaging market, as well as new products released in 1997, overseas growth, and expanded services and businesses.
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Catch up on the top radiology content of the past week.
Reportedly one of the first FDA-cleared chest X-ray AI software platforms derived from a foundation model, the Chest Xray software facilitates detection and localization of lung nodules, pneumothorax, mediastinal abnormalities and other thoracic abnormalities.
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Emerging research demonstrates the increasing stability of attenuation on clinically relevant VMIs with photon-counting CT and a redefined role of kV that may have implications for longitudinal quantitative CT.
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In the second of a two-part podcast episode, Lauren Nicola, MD, Christoph Wald, MD, PhD, MBA, and Peter Shen discuss challenges with evaluating value and ROI for AI software, the physician time required to do so, and possible solutions to facilitate improved clarity and consistency with AI reimbursement.
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