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Profit warning pummels Lunar's stock
Shares of bone densitometry vendor Lunar plunged on Sept. 22 after the Madison, WI, company announced that it expected to post flat revenues and lower profits for its first fiscal quarter (end-September). The results were due to lower-than-expected
Shares of bone densitometry vendor Lunar plunged on Sept. 22 after the Madison, WI, company announced that it expected to post flat revenues and lower profits for its first fiscal quarter (end-September). The results were due to lower-than-expected densitometry sales in Japan and in the U.S., where many physicians have been confused about proposed reductions in the Medicare reimbursement rate for bone densitometry, according to the company. Lunar's stock dropped $4.56 a share, or 19%, to close at $19.44 on Sept. 22, the first day of trading after the news was announced.
In other Lunar news, the company in early September began shipping Pixi, its compact dual-energy x-ray absorptiometry (DEXA) densitometer. Pixi is targeted at the physician-office market and carries a list price of $32,000. Lunar shipped the first Pixi unit to a physician in the Washington, DC, area, according to the company.
The Reading Room: Artificial Intelligence: What RSNA 2020 Offered, and What 2021 Could Bring
December 5th 2020Nina Kottler, M.D., chief medical officer of AI at Radiology Partners, discusses, during RSNA 2020, what new developments the annual meeting provided about these technologies, sessions to access, and what to expect in the coming year.
Current Perspectives on Radiology Workforce Issues and Potential Solutions
March 14th 2024Emphasizing the gravity of the ongoing workforce shortage in radiology, these authors recommend a change agenda focusing on expanded numbers of residency positions, reassessment of educational pathways, maintaining a strong presence in hospital settings and practice level initiatives to reduce administrative burden and achieve appropriate reimbursement beyond RVU measurements.
Could Cloud-Based 'Progressive Loading' be a Boon for Radiology Workflows?
March 13th 2024The newly launched Progressive Loading feature, available through RamSoft’s OmegaAI software, reportedly offers radiologist rapid uploading of images that is faster than on-site networks and other cloud-based systems regardless of the network radiologists are using.
