Medical device company specializing in MRI scanners and related technologies.
FONAR Corporation, based in Melville, New York, specializes in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners designed for detecting and diagnosing human diseases across the United States. Established in 1978, the company operates through two core segments: the Medical Equipment segment and the Physician Management and Diagnostic Services segment. FONAR Corporation is renowned for its innovative Upright MRI scanner, which enables patients to undergo scans in weight-bearing positions such as standing, sitting, bending, or lying down.
In addition to its advanced imaging technology, FONAR Corporation provides comprehensive physician management and diagnostic services. These include administrative support, billing and collection services, credentialing, contract negotiations, compliance consulting, IT services, personnel recruitment and training, medical records management, facility maintenance, accounting, and assistance with practice growth and marketing strategies. The company owns and operates five diagnostic imaging facilities in Florida and manages an extensive network of 39 MRI scanning facilities, comprising 25 in New York and 14 in Florida.
FONAR Corporation markets its MRI scanners to a broad spectrum of customers, including private diagnostic imaging centers and hospitals. With a commitment to technological excellence and healthcare innovation, the company continues to enhance its market presence by delivering state-of-the-art MRI solutions that support accurate diagnoses and patient care. FONAR Corporation's strategic focus on expanding its service offerings and geographic footprint underscores its leadership in the diagnostic imaging sector.