LAS VEGAS ─ June 20th, 2017 ─ Medical Imaging Corp. (OTC:MEDD), (OTC PINK: MEDD) announced today that it has begun an upgrade of various medical imaging equipment at its sites to meet new federal requirements.
Various federal changes are being made to Medicare reimbursement rates in 2018 with regards to X-ray and CT studies. The new rules will mandate that X-ray machines and images all be in digital format or operators will face a cut back in reimbursement rates. Additionally, new CT requirments, known as XR29, will require a new low dosing software system to ensure the least amount of radiation exposure for patients. In conjunction with these new requirements, the Company's Imaging Centers are undergoing various upgrades.
The Company's Venice location has upgraded its X-ray machine to digital radiography as the first upgrade of equipment. The new digital upgrade has been installed and the machine will now meet all 2018 Medicare guidelines to ensure maximum reimbursement rates. The new DR system allows for faster more effecient X-ray imaging and will be ideal for high volumes in peak season.
"Part of our commitment in providing optimum imaging for our patients, is to ensure we offer the latest technology available and meeting or exceeding government guidelines", said Mitch Geisler, CEO. "We are pleased that this part is now complete and we can now focus on the next phase of equipment upgrades."
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Medical Imaging Corp.
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About Medical Imaging Corp.Medical Imaging Corp. ("MEDD") is a provider of comprehensive medical imaging services to patients and client hospitals in the United States and Canada through its four Diagnostic Imaging Centers, and its' Teleradiology Services. For more information, please contact us at 887-331-3444 or visit www.medimagingcorp.com.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control Medical Imaging Corp. Such forward-looking statements are based on current expectations, estimates and projections about our industry, management beliefs and certain assumptions made by our management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.