MedInformatix RIS Improves 60-Year-Old Radiology Business' Cash Flow and Accounts Receivable, Speeding Accounts Receivable on Full Breadth of Imaging Procedures
LOS ANGELES, July 22 /PRNewswire/ -- Upon its founding more than 60 years ago, Robert D. Russo M.D. and Associates Radiology's business and model was infinitely more simple than what technology, the nation's economy and medical insurance practices have conspired to make the six-location Fairfield County, Conn., medical imaging practice today. And that's a good thing. Changes driving this new paradigm have dramatically improved diagnoses and treatments through the ongoing improvement of X-ray technology and the development of mammography, ultrasound, CAT scans, PET-CT, MRI, DEXA and imaging guided procedures.
Though unrelated, life-improving and often lifesaving medical developments on the patient treatment side have advanced seemingly in lockstep with cash flow challenges, as well as complex insurance and other regulations that Robert D. Russo M.D. Sr. couldn't have imagined when he launched the business. Against this backdrop, the practice six years ago received a booster shot with the purchase and implementation of MedInformatix' Radiology Information System (