Imaging services provider Alliance Imaging expects to see revenue drop next year as reimbursement reductions take effect on January 1, 2007.
On that date, Medicare reimbursement reductions from the Deficit Reduction Act (DRA) of 2005 and the Medicare Part B Hospital Outpatient Prospective Payment System (HOPPS) reimbursement rate reduction for PET and PET/CT imaging procedures will become a reality.
The Anaheim, CA-based company said it expects revenues to range from $431 million to $443 million next year, with 2007 revenue negatively impacted by approximately $14 million due to Medicare reimbursement reductions.
Those numbers compare with expected revenue in the range of $452.5 million to $455.5 million in 2006.
By AuntMinnie.com staff writers
December 19, 2006
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