MedInformatix positioned for growth in expanding medical imaging market
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| September 28, 2023
PACS / Enterprise Imaging
Los Angeles, CA – (September 28, 2023) Capitalizing on a robust medical imaging market in the United States, RIS innovator MedInformatix has expanded its geographic footprint during the first eight months of 2023, establishing new customer relationships with leading outpatient radiology practices across the country. The company significantly increased its customer base in Florida, one of the most competitive and fastest growing radiology markets in the U.S.
Analysts at research firm Fortune Business Insights predict the U.S. diagnostic imaging services market will grow from $130 billion in 2023 to $206 billion by 2030, at a compounded annual growth rate of almost seven percent. They point to the increased prevalence of chronic diseases such as cardiovascular diseases and cancer, as well as a rise in government regulations supporting reimbursement policies, as driving demand for medical imaging procedures. The RIS portion of the industry is also on the rise. Business Market Insights predicts the RIS market to expand to US$ 605.60 million over the next four years.
As demand for radiology services rises, so does the number of imaging centers offering them.
Data from healthcare intelligence firm Definitive Healthcare shows there are more than 18,800 imaging centers in the United States today. From a regional perspective, the Southeast portion of the country has the most centers, totaling more than 4,900. The US Midwest ranks second with just over 4,100 providers, followed by the Northeast with 3,600.
The same data shows the State of Florida accounts for approximately 35 percent of all imaging centers in the Southeast, with more than 1,700 locations scattered across the state. Only the State of Texas is home to more imaging centers.
Pat McGonigle, CEO of MedInformatix, says his company is ideally positioned as a preferred partner in radiology’s growth. Founded over 30 years ago as a small software service provider on the West Coast, MedInformatix has today built an impressive nationwide network of radiology customers, offering comprehensive RIS, revenue cycle management, medical coding and provider-patient communication solutions. The MedInformatix technology platform is at work at outpatient radiology practices in more than 40 states.
Nowhere is the MedInformatix brand more prevalent than the aforementioned Florida. MedInformatix serves as the official RIS, revenue cycle or medical coding solutions provider at more than 43 outpatient imaging centers across the state, serving practices from the panhandle to South Florida. “Florida is clearly a leading market for radiology, and we are thrilled to partner with some of the most innovative practices in the state,” adds McGonigle.
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