The combination with ProtectionPlus will further lower testing costs for healthcare practices, which given the reimbursement rate cuts and insurance issues, has become a primary focus for many Cardiology practices and hospital systems. Importantly, the combined company will have ample opportunities to offer even further savings to the provider as UND seeks to eliminate all excessive costs associated with nuclear stress testing, making nuclear stress testing both more affordable and profitable.
Davie, Fla. (PRWEB) June 3, 2010 -- In a highly strategic transaction that brings together two complementary companies to create a premier and comprehensive organization specifically dedicated to urgently reducing costs for healthcare providers offering nuclear stress testing, University Nuclear and Diagnostics (www.NuclerStressTest.net), the nation’s foremost organization providing urgent cost cutting solutions to physician practices and hospitals offering nuclear stress tests, and ProtectionPlus, a top ranked nuclear camera service and repair company, announced today that they have reached a definitive agreement whereby UND will acquire ProtectionPlus. With an industry-leading presence in the health care services sector since 1995, UND is the largest standalone operator of physician owned or leased in office nuclear stress test labs, with client/practices in 22 states, Today, UND also operates several hospital nuclear stress test departments, imaging centers and advises for medical schools as well as Cardiology consultancy groups throughout the US, Puerto Rico, and the U.S. Virgin Islands.
"This transaction is very compelling for practices, patients and for all those offering nuclear stress tests, and we are excited to add ProtectionPlus to our menu of services," said Avi E. Soffer, Chief Executive Officer of UND. "The combination with ProtectionPlus will further strengthen our abilities to lower testing costs for healthcare practices, which given the reimbursement rate cuts and insurance issues, has become a primary focus for many Cardiology practices and hospital systems. Importantly, the combined company will have ample opportunities to offer even further savings to the provider as UND seeks to eliminate all excessive costs associated with nuclear stress testing, making nuclear stress testing both more affordable and profitable. “
Mr. Soffer continued, "UND is proud of its more than 15-year record of commitment to high quality nuclear stress testing services and achieving outstanding patient satisfaction and financial results for our practice/clients, and this transaction - which we expect to bring about even further significant savings - will help us continue to deliver even stronger results and increased profits for our physicians and hospital clientele. Assisting healthcare providers (doctors, administrators, hospitals, imaging centers) reduce testing costs, increase revenue while improving patient care remains our focus and what UND’s primary function is all about.”
"On behalf of ProtectionPlus and the board of directors, we are pleased to have reached an agreement that will enable us to deliver even more significant and much needed savings to our clients," said Nicole Jones, Director of Operations of ProtectionPlus. "After conducting a thorough review of potential partners, we made a specific choice to become an important part of an established and highly respected healthcare industry leader such as UND."
The combination is among the most significant of its kind, arriving in a timely manner as Physicians and facilities have seen a 20% reduction in reimbursement rates as well as declines in authorizations. Utilizing a 52 point check list, efficiency processes and the implementation of other cost cutting procedures, which in turn generates approximately the same in additional revenue for the provider, UND has successfully been lowering nuclear stress testing costs by 25% to 50% for healthcare practices Appearing in both, FOX Business News as well as Cardiology News, UND has recently been referred to as the “go to solution” for combating the current crisis many Cardiology practices are currently facing.
About University Nuclear and Diagnostics (UND)
In business since 1995, UND has satisfied physician-clients across the US and has recently been referred to as “the go to solution in 2010” for combating the current reimbursement rate cuts.
University Nuclear and Diagnostics (UND) is a national company offering sorely needed cost cutting solutions associated with nuclear imaging for physician practices, hospitals, and imaging centers. Utilizing operational efficiencies to dramatically reduce a practice’s cost per test – or by providing hassle free, completely staffed, turnkey in - office nuclear labs, UND is dedicated to making nuclear medicine more affordable and profitable for the providor. Among UND’s group of companies and services includes UNDProtectionPlus™ offering service agreements on nuclear equipment for up to 40% less than traditional manufacturer prices.
In an ongoing effort at assisting Physicians and Administrators in reducing costs, increasing revenue and improving patient care, UND offers a free practice assessment which instantly calculates a practice’s current cost per test as well as total projected cost reductions. Visit directly on www.NuclearStressTest.net or for more information or please contact Nicole Salvati at 877-5-DIAGNOSTICS, 954-888-1195.
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