Spine Pain Management Sees Fewer Referrals, Less Revenue in 2Q

Written by Laura Dyrda | August 21, 2012 | Print  |
Spine Pain Management, a medical services and technology company, has announced net revenue at $919,000 during the second quarter of 2012, a steep decline from the $1.3 million reported over the same period last year.During the first half of 2012, the company arranged the opening of two additional diagnostic centers in Florida. Spine Pain Management also purchased intellectual property underlying the quad video platform, Halo Systems.

During the first half of the year, the company generated $2.2 million in net revenue and net profit of $95,000. William F. Donovan, MD, the company's president and CEO, attributes declining revenue to fewer patient referrals during the second quarter and the company's focus on acquiring Halo Technology.

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