# PACS * **Definition:** Picture Archiving and Communication System, a medical imaging technology used for storing, transmitting, and displaying images. * **Taxonomy:** Healthcare Topics / PACS ## News * Selected news on the topic of **PACS**, for healthcare technology leaders * 2.6K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/17/2025 | [**Medical Imaging PACS Market: Size, Share, Trends, Outlook and Investment Analysis**](https://www.linkedin.com/pulse/medical-imaging-pacs-market-size-share-trends-outlook-dsnef) | [[Linkedin]] | | 4/21/2025 | [**Picture Archiving and Communication System (PACS) Patent Landscape Report 2024-2032**](https://finance.yahoo.com/news/picture-archiving-communication-system-pacs-080300545.html) | [[Yahoo Finance]] | | 3/25/2025 | [**Investors Sue Nursing Home Giant PACS**](https://skillednursingnews.com/2025/03/investors-sue-nursing-home-giant-pacs-alleging-involvement-in-medicare-scheme-first-detailed-in-hindenburg-report/) | [[Skilled Nursing News]] | | 3/5/2025 | [**Announcements at HIMSS25**](https://www.healthitanswers.net/announcements-at-himss25/) | [[Health IT Answers]] | | 3/4/2025 | [**Fujifilm Expands Partnership with Hackensack Meridian Health Enabling Network-wide Use of State-of-the-Art Synapse Cardiology PACS Imaging System**](https://markets.businessinsider.com/news/stocks/fujifilm-expands-partnership-with-hackensack-meridian-health-enabling-network-wide-use-of-state-of-the-art-synapse-cardiology-pacs-imaging-system-1034438426) | [[Business Insider Markets]] | | 2/5/2025 | [**Intelerad Earns 2025 Best in KLAS Award for InSight PACS in the UK and Ireland - Yahoo Finance**](https://finance.yahoo.com/news/intelerad-earns-2025-best-klas-130000614.html) | [[Yahoo Finance]] | | 1/14/2025 | [**Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PACS Group ...**](https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-pacs-group-inc-of-class-action-lawsuit-and-upcoming-deadlines---pacs-302351058.html) | [[PR Newswire]] | | 1/3/2025 | [**Medicare Fraud Allegations Cast Shadow Over PACS Group (PACS) - Hagens Berman**](https://markets.businessinsider.com/news/stocks/medicare-fraud-allegations-cast-shadow-over-pacs-group-pacs-hagens-berman-1034190035) | [[Business Insider Markets]] | | 12/18/2024 | [**PACS INVESTOR ALERT: PACS Group, Inc. Investors with Substantial Losses ... - PR Newswire**](https://www.prnewswire.com/news-releases/pacs-investor-alert-pacs-group-inc-investors-with-substantial-losses-have-opportunity-to-lead-investor-class-action-lawsuit-302333160.html) | [[PR Newswire]] | | 12/17/2024 | [**PACS SHAREHOLDER ALERT: PACS Group, Inc. Investors are Notified the Class Action Deadline is January 13 and are Urged to Contact BFA Law**](https://markets.businessinsider.com/news/stocks/pacs-shareholder-alert-pacs-group-inc.-investors-are-notified-the-class-action-deadline-is-january-13-and-are-urged-to-contact-bfa-law-1034147907) | [[Business Insider Markets]] | | 12/4/2024 | [**Investors Sue PACS Group (PACS) Amid Accusations of Medicare Fraud - Hagens Berman**](https://markets.businessinsider.com/news/stocks/investors-sue-pacs-group-pacs-amid-accusations-of-medicare-fraud-hagens-berman-1034098208) | [[Business Insider Markets]] | | 12/2/2024 | [**Novarad Expands PACS Footprint and Strengthens Global Presence in Recent Months**](https://markets.businessinsider.com/news/stocks/novarad-expands-pacs-footprint-and-strengthens-global-presence-in-recent-months-1034088155) | [[Business Insider Markets]] | | 12/2/2024 | [**PACS SHAREHOLDER UPDATE: PACS Group Investors with Losses are Urged to Contact BFA Law before Upcoming January 13 Class Action Deadline**](https://markets.businessinsider.com/news/stocks/pacs-shareholder-update-pacs-group-investors-with-losses-are-urged-to-contact-bfa-law-before-upcoming-january-13-class-action-deadline-1034090923) | [[Business Insider Markets]] | | 11/25/2024 | [**PACS Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit**](https://www.prnewswire.com/news-releases/pacs-investor-notice-pacs-group-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302314651.html) | [[PR Newswire]] | | 11/20/2024 | [**PACS Group (PACS) Faces Securities Class Action- Hagens Berman**](https://markets.businessinsider.com/news/stocks/pacs-group-pacs-faces-securities-class-action-hagens-berman-1034044247) | [[Business Insider Markets]] | | 11/19/2024 | [**PACS Group, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit**](https://www.prnewswire.com/news-releases/pacs-investor-deadline-pacs-group-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302309208.html) | [[PR Newswire]] | | 11/16/2024 | [**PACS FRAUD NOTICE: BFA Law Notifies PACS Group Investors of the Pending Class Action Lawsuit and Reminds Investors with Losses to Contact the Firm**](https://markets.businessinsider.com/news/stocks/pacs-fraud-notice-bfa-law-notifies-pacs-group-investors-of-the-pending-class-action-lawsuit-and-reminds-investors-with-losses-to-contact-the-firm-1034027265) | [[Business Insider Markets]] | | 11/15/2024 | [**PACS COURT REPORT: A Class Action has been Filed Against PACS Group, Inc., Investors are Urged to Contact BFA Law by January 13 Deadline**](https://markets.businessinsider.com/news/stocks/pacs-court-report-a-class-action-has-been-filed-against-pacs-group-inc.-investors-are-urged-to-contact-bfa-law-by-january-13-deadline-1034026361) | [[Business Insider Markets]] | | 11/6/2024 | [**PACS Group (PACS) Shares Crash After Hindenburg Research Takes Aim - Hagens Berman**](https://markets.businessinsider.com/news/stocks/pacs-group-pacs-shares-crash-after-hindenburg-research-takes-aim-hagens-berman-1033963678) | [[Business Insider Markets]] | | 8/23/2024 | [**Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS ... - WhaTech**](https://www.whatech.com/og/markets-research/it/870562-vendor-neutral-archive-vna-picture-archiving-and-communication-system-pacs-market-trends-growth-share-size-forecast-to-2033.html) | whatech.com | | 7/23/2024 | [**Picture Archiving And Communication Systems (PACS) Market Global Industry Trend Analysis and Forecast 2024 - 2033**](http://prsync.com/stringent-datalytics/picture-archiving-and-communication-systems-pacs-market-global-industry-trend-analysis-and-forecast------4215677/) | [[PRSync]] | | 7/15/2024 | [**U.S. Picture Archiving & Communication System (PACS) Market Insights, 2024-2029**](https://finance.yahoo.com/news/u-picture-archiving-communication-system-103100810.html) | [[Yahoo Finance]] | | 7/8/2024 | [**PACS and RIS Market 2030: Trends, Growth Drivers, and Industry Outlook**](http://prsync.com/maximize-market-research/pacs-and-ris-market--trends-growth-drivers-and-industry-outlook-4195387/) | [[PRSync]] | | 7/5/2024 | [**Vendor-Neutral Archive (VNA) & Picture Archiving And Communication System (PACS ... - EIN News**](https://tech.einnews.com/pr_news/725322694/vendor-neutral-archive-vna-picture-archiving-and-communication-system-pacs-market-size-and-drivers-for-2024-2033) | tech.einnews.com | | 6/18/2024 | [**InsiteOne Achieves Strong Growth with Six New Contracts Post Acquisition of BRIT Systems Cloud-Native RIS/PACS/VNA**](https://www.prnewswire.com/news-releases/insiteone-achieves-strong-growth-with-six-new-contracts-post-acquisition-of-brit-systems-cloud-native-rispacsvna-302176142.html) | [[PR Newswire]] | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **PACS Group, Inc.**: A holding company focused on investing in post-acute healthcare facilities, operating 276 facilities across 15 states. - **GE Healthcare**: A leading provider of healthcare technologies, including PACS systems. - **Novarad**: A provider of advanced Picture Archiving and Communication Systems (PACS) that has expanded its customer base significantly. - **Pomerantz LLP**: A law firm representing investors in a class action lawsuit against PACS for alleged securities fraud. - **SARC MedIQ**: A PACS platform provider collaborating with iCardio.ai to integrate AI tools for improved ultrasound diagnostics. - **Siemens AG**: A key competitor in the PACS market, focusing on advanced imaging solutions. - **Faruqi & Faruqi, LLP**: A law firm investigating potential claims against PACS Group and encouraging affected investors to seek legal options. - **Berger Montague PC**: A law firm with a history in securities class action litigation, advising investors in the PACS case. - **Koninklijke Philips NV**: Another key player in the PACS sector, focusing on innovations in imaging technology and data management. - **General Electric Corp.**: A major player in the PACS market, known for integrating AI technologies into its PACS systems to enhance diagnostic capabilities. - **InsiteOne**: A provider of cloud-based Vendor Neutral Archive solutions, recently acquired BRIT Systems and launched PACS Guardian for enhanced cybersecurity. - **Hagens Berman**: A shareholder rights firm investigating PACS for potential fraud related to Medicare and COVID-era waivers. - **Kessler Topaz Meltzer & Check, LLP**: A law firm investigating potential violations of federal securities laws on behalf of investors in PACS Group, Inc. - **iCardio.ai**: A company specializing in AI for ultrasound applications, partnering with SARC MedIQ to enhance PACS capabilities. ### Partnerships and Collaborations - **PACS Group and CareTrust REIT**: PACS announced the acquisition of 12 skilled nursing facilities in Tennessee, leased from CareTrust REIT under a long-term agreement. - **iCardio.ai and SARC MedIQ**: This strategic partnership aims to integrate AI tools into SARC MedIQ's PACS platform, enhancing ultrasound image interpretation and efficiency. - **GE HealthCare and Blackford**: This collaboration integrates AI-enabled decision support features into GE's True PACS and Centricity PACS systems, enhancing radiologists' efficiency. - **Novarad's New Customers**: Novarad has added four significant customers to its PACS, enhancing its global presence in healthcare technology. - **InsiteOne with NewVue.AI and RADPAIR**: InsiteOne will showcase its PACS solutions at SIIM 2024 alongside these partners, highlighting collaborative efforts in healthcare imaging. - **Fovia, Inc. and Konica Minolta Healthcare Americas**: Formed a strategic partnership to integrate advanced visualization technology into Konica Minolta's cloud-based Exa PACS, enhancing diagnostic imaging capabilities. ### Innovations, Trends, and Initiatives - **PACS Guardian**: A cloud-based imaging infrastructure launched by InsiteOne to enhance cybersecurity and disaster recovery for healthcare organizations. - **NovaPACS EI**: A comprehensive platform by Novarad for managing medical images, aimed at improving care coordination and timely diagnoses. - **PACS Group's Expansion**: PACS Group has expanded its operations to 38 facilities, increasing its skilled nursing bed count significantly. - **Cloud-based PACS Solutions**: The U.S. market for cloud-based PACS is growing rapidly, capturing over 65% of market share due to improved digital workflows. - **Cloud Deployment**: The shift towards cloud-based PACS solutions is emerging as a leading trend, offering scalability and cost-effectiveness. - **AI Integration**: The integration of AI technologies in PACS is enhancing diagnostic capabilities and workflow efficiency across healthcare settings. - **Cloud-based PACS Growth**: The cloud-based PACS segment is projected to generate the highest revenue in 2024, driven by demand for remote access and cost-effectiveness. - **Exa PACS**: Konica Minolta's cloud-based PACS that integrates Fovia's AI technology for enhanced diagnostic efficiency and patient care. - **Recognition by U.S. News & World Report**: PACS Group, Inc. announced that 36 of its affiliated post-acute communities have been recognized as Best Nursing Homes for 2025. - **Healthcare Cloud Market Growth**: The global healthcare cloud PACS market is expected to grow due to advancements in cloud computing and the integration of AI and machine learning. - **Government Support for Healthcare IT**: Government initiatives are driving the adoption of digital healthcare solutions, including PACS and VNA technologies. - **Visage Imaging Innovations**: Visage Imaging is showcasing new capabilities in its Visage 7 Enterprise Imaging Platform, emphasizing cloud transition and interoperability. - **AI in Medical Imaging**: AI-powered algorithms are transforming medical image analysis, enabling early identification of abnormalities and efficient treatment planning. ### Challenges and Concerns - **Allegations Against PACS Group**: PACS Group faces serious allegations of fraudulent Medicare billing practices, leading to a significant drop in stock price and multiple class action lawsuits. - **Securities Fraud Allegations**: PACS is facing multiple class action lawsuits alleging securities fraud, including submitting false Medicare claims and billing for unnecessary therapies. - **Data Security**: The increasing digitization of healthcare data raises concerns about data breaches and the need for robust cybersecurity measures in PACS. - **Legal Scrutiny**: PACS Group is under investigation for potential violations of federal securities laws, raising concerns about corporate accountability. - **Allegations of Fraud**: PACS Group, Inc. is facing multiple lawsuits alleging fraudulent practices, including submitting false Medicare claims and misleading investors about its financial health. - **Stock Price Decline**: PACS's stock price has plummeted by over 70% since early November 2024 due to allegations of deceptive practices and federal investigations. - **Regulatory Scrutiny**: PACS Group, Inc. is facing investigations and lawsuits related to allegations of misleading business practices and fraudulent claims, impacting its stock performance. - **Market Competition**: The PACS market is highly competitive, with ongoing innovations and partnerships among key players, necessitating continuous advancements to maintain market position. - **Regulatory Investigations**: PACS has received civil investigative demands from the federal government regarding its reimbursement practices, further complicating its legal challenges. - **Interoperability**: Ensuring interoperability between PACS and other healthcare IT systems remains a challenge, necessitating standardization efforts. - **Federal Investigations**: PACS Group disclosed it is under investigation by the federal government regarding its reimbursement practices, which has further impacted investor confidence. - **Market Reaction to Hindenburg Report**: Following a report by Hindenburg Research accusing PACS of exploiting Medicare waivers, the company's stock price fell by 27.8%. - **Compliance**: Healthcare organizations must navigate compliance strategies to protect patient information and maintain the integrity of medical devices.