FONR Stock - Fonar Corp.

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FONR Profile

FONAR Corporation, headquartered in Melville, New York, specializes in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners designed for the detection and diagnosis of human diseases across the United States. Established in 1978, the company operates through two key segments: Medical Equipment and Physician Management and Diagnostic Services.

At the forefront of its offerings is the Upright MRI scanner, a pioneering technology that enables patients to undergo scans in weight-bearing positions such as standing, sitting, bending, or lying down. This innovative approach enhances diagnostic accuracy by simulating real-life conditions.

Beyond its focus on medical equipment, FONAR Corporation provides comprehensive physician management and diagnostic services. These include a spectrum of non-medical management solutions like administrative services, billing and collection services, compliance consulting, IT services, and strategic practice growth and marketing strategies. The company also oversees the operational aspects of diagnostic imaging facilities.

Currently, FONAR Corporation owns and operates five diagnostic imaging facilities in Florida and manages a network of 41 MRI scanning facilities nationwide, with a significant presence in New York and Florida. Its clientele includes private diagnostic imaging centers and hospitals, highlighting its role in supporting healthcare providers with advanced MRI solutions.

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