- AI
- Molecular Imaging
- CT
- X-Ray
- Ultrasound
- MRI
- Facility Management
- Mammography
USDL returns to profitability
Executives at imaging center chain U.S. Diagnostic believe the firm is back on track following three straight quarters of losses. The West Palm Beach, FL-based firm posted a 6% increase in revenue and a net profit during its first quarter.For the period
Executives at imaging center chain U.S. Diagnostic believe the firm is back on track following three straight quarters of losses. The West Palm Beach, FL-based firm posted a 6% increase in revenue and a net profit during its first quarter.
For the period (end-March), sales were $54.5 million, compared with $51.4 million reported in the same period last year. Net income was $746,000, compared with $2 million in 1997.
President and CEO Joseph Paul expects progressive improvement in the companys financial results through 1998. In the first of its four-step corporate growth strategy, USDL initiated a cost-cutting and efficiency effort towards the end of the first quarter. The impact of most of the cost-cutting will be realized in the second quarter and beyond.
In the second part of the strategy, USDL is divesting noncore assets, such as its mobile subsidiary Medical Diagnostics, and focusing on its core business of fixed-site imaging centers. The sale of MDI to Alliance Imaging closed this month.
USDL is also making progress in refinancing its debt. Upon completion of this third objective, the company believes that additional funds will be available for the final strategic goal, which is to resume acquisitions to complement the firms imaging networks.
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.
