Practice management involves overseeing all business aspects of a medical practice including financials, human resources, information technology, compliance, marketing and operations.
The California-based company announced the finance news on June 2, citing its success in developing AI image enhancement software as a driving factor behind its growth.
About 46.9% of physicians in the specialty said they work in a setting wholly owned by physicians, down from 63.6% in the inaugural 2012 survey from the American Medical Association.
These arrangements typically involve non-full-time employment, compensated on an hourly, shift or daily basis without benefits or annual salary, experts write in Pediatric Radiology.
The Fort Lauderdale, Florida-based physician group—acquired by Nanox for $30 million in 2021—logged revenue of roughly $2.6 million in Q1, up from $2.4 million last year.