LAS VEGAS ─ ─ March 19, 2018 ─ Medical Imaging Corp. (OTC:MEDD), (OTC PINK: MEDD)
Medical Imaging provided year over year scan volume analysis today.
Scan volume numbers for 2017 vs. 2016 have now been finalized for our imaging centers. Volume increased for 3 of 4 modalities as follows:
CT: 2017 saw and increase of 22% with over 2200 scans performed
MR: 2017 declined 7.5%, with over 9400 scans performed
US: 2017 increased 22% with over 1000 scans performed
Xray: increased 2.6% with over 9700 scans performed
In addition, CTS saw a substantial increase in volume that equated to more than 15% increase in revenue
"Overall we had a solid year. Volume was consistent and we saw growth in new areas with CT and US. We did lose some business with hurricane Irma that affected our Florida centers," said Mitch Geisler, CEO. "While the first half of 2017 saw some new competion in a couple of our markets, the second half saw strong positive growth with new marketing efforts that has extended into 2018. At the same time, CTS volume increased both organically with existing client hospitals and new contractst that were announced during the year."
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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.