Radsource

What Radsource does

Radsource, LLC is a Brentwood, Tennessee-based private medtech company operating two complementary businesses: a subspecialized MRI interpretation practice and a Picture Archiving and Communication System (PACS) software product called ProtonPACS. Founded in 2002 by Dr. Mark Awh, the company provides subspecialized musculoskeletal and neurological MRI reads delivered by fellowship-trained radiologists with a minimum of three years of clinical experience (most with 10+ years). Its teleradiology practice, organized under the Imaging Specialists PLLC subsidiary, serves orthopaedic practices, imaging centers, and other specialized groups requiring detailed reporting, STAT turnaround (referenced at under 10 minutes), and real-time collaboration with referring physicians.

ProtonPACS is a hybrid cloud PACS solution built by Radsource radiologists and productized into variants for radiology practices, orthopaedic practices, hospitals, imaging centers, and other specialty practices such as OB/GYN, oncology, vascular medicine, and veterinary care. The platform integrates Intelerad's award-winning viewing software across all variants and embeds M*Modal speech recognition in the hospital edition. The architecture is described as combining the security and speed of on-site technology with the cost-effectiveness and redundancy of cloud infrastructure, and is sold on a quote-based annual subscription model. Radsource has operated for over two decades, publishes monthly MRI Web Clinics as a radiology education resource, and serves more than 50 locations nationwide from Florida to Alaska.

The company generates revenue through PACS software licensing and support subscriptions, professional fees for MRI interpretation services, and educational content distribution. It distributes via a direct sales motion split between enterprise field sales for hospitals and large imaging networks and inside sales for mid-market orthopaedic and specialty practices. In late 2023/early 2024, Radsource received a strategic corporate investment from HealthEdge Investment Partners, providing growth capital. The company remains privately held with no public ownership or listing, and the ownership structure beyond the founder's continued board role is not publicly disclosed.

Name

Radsource

Legal name

Radsource, LLC

Website

https://radsource.us

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Radsource, LLC provides subspecialized musculoskeletal and neurological MRI interpretation services and sells ProtonPACS, a hybrid cloud PACS platform, to orthopaedic practices, imaging centers, hospitals, and specialty medical practices across the United States.

Ownership category

akta.pro rank

Product category

Medical Imaging Software (PACS)

NAICS

Diagnostic Imaging Centers (621512)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Picture Archiving & Communication Systems (PACS) (HLACALAA)

akta.pro secondary industries

Teleradiology Platforms & Reading Workflow (HLACALAK), Universal Viewers & Enterprise Imaging Access (Zero-footprint/Diagnostic) (HLACALAD), Image Exchange, Sharing & Patient/Provider Portals (DICOM/Web) (HLACALAI), Imaging Informatics & Workflow (PACS/RIS/VNA) (HLAHABAI)

Keywords

• Radiology PACS software
• Medical imaging solutions
• MRI teleradiology services
• Orthopaedic MRI interpretation
• Hybrid cloud PACS

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. ProtonPACS Licensing and Support: PACS software licensing and ongoing technical support services to healthcare organizations including hospitals, imaging centers, and physician practices. Revenue generated through software licensing fees with associated support contracts.
2. MRI Teleradiology Services: Subspecialized musculoskeletal and neurological MRI interpretation services provided to orthopaedic practices and imaging centers. Services include detailed reporting, real-time collaboration, and STAT report handling.
3. Radiology Education Content: MRI Web Clinics educational content and resources for radiology education, potentially generating revenue through educational materials and subscriptions.

Pricing tiers

Distribution channels2 records

Marketing channels6 records

Core offering

Radsource sells ProtonPACS, a hybrid cloud-based Picture Archiving and Communication System (PACS) for storing, viewing, and sharing medical images, available in specialty variants for radiology practices, orthopaedic practices, hospitals, imaging centers, and other medical specialties. Complementing the software, the company provides subspecialized MRI interpretation services in musculoskeletal and neurological imaging delivered by fellowship-trained radiologists, along with ongoing PACS technical support.

Product overview

Radsource is a medtech company offering a dual-product portfolio consisting of ProtonPACS (their comprehensive Picture Archiving and Communication System) and MRI Interpretation Services (their subspecialized teleradiology practice). ProtonPACS is available in specialized variants for radiology practices, orthopaedic practices, hospitals, imaging centers, and other medical specialties, all leveraging Intelerad viewing software and M*Modal speech recognition in hospital environments. Their complementary MRI Interpretation Services deliver subspecialized musculoskeletal and neurological MRI reporting through fellowship-trained radiologists. The company also provides MRI Web Clinics as an educational resource. Founded in 2002, Radsource serves clients from Florida to Alaska across more than 50 locations.

Differentiator

Problem solved

Functional benefit

Brands

• ProtonPACS: A hybrid PACS solution developed by Radsource radiologists for hospitals, imaging centers, and orthopedic practices. It delivers exceptional reliability, advanced tools, and powerful performance for medical imaging environments.
• Imaging Specialists

Products and services

• ProtonPACS ProtonPACS is Radsource's flagship Picture Archiving and Communication System that enables healthcare professionals to digitally store, view, and share medical images. It is delivered as a hybrid cloud PACS offered in specialty variants for radiology practices, orthopaedic practices, hospitals, imaging centers, and other medical specialties (including OB/GYN, oncology, vascular medicine, and veterinary care). The platform integrates Intelerad's award-winning viewing software and, in Hospital PACS deployments, M*Modal speech recognition for radiology reporting.
• MRI Interpretation Services Subspecialized MRI interpretation services in musculoskeletal and neurological imaging delivered by Radsource's fellowship-trained radiologists (minimum three years of clinical experience, most with 10+ years). Services include detailed structured reporting, STAT report handling, and real-time collaboration with referring physicians, primarily serving orthopaedic practices, imaging centers, and specialty groups.

Quantifiable outcome

• STAT reports delivered in under 10 minutes
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• InteleradcoreTechnology or IntegrationStrategic partnership with Intelerad, a medical imaging software company. Radsource's ProtonPACS solution incorporates Intelerad's award-winning viewing software. The partnership provides Radsource customers access to Intelerad's advanced medical imaging technology integrated into ProtonPACS.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• RamSoft: RamSoft offers cloud-native PACS/RIS/OVR solutions, targeting imaging centers and orthopaedic and specialty practices with subscription pricing. It competes head-to-head with ProtonPACS in the imaging-center and orthopaedic segments where Radsource is strongest.
• Ambra Health: Ambra Health (now part of Intelerad) provides cloud-based medical image exchange and VNA/enterprise imaging. It overlaps with ProtonPACS for image exchange, cloud archive, and interoperability functionality in similar buyer segments.
• Virtual Radiologic (vRad, Radiology Partners): Radiology Partners/vRad provides teleradiology services including MSK and neuro subspecialty interpretation across the U.S. It is the largest direct competitor to Radsource on the MRI interpretation side of the business.
• Sectra: Sectra offers enterprise imaging PACS and orthopaedic imaging modules with strong subspecialty workflow. It targets orthopaedic and large hospital customers and competes with ProtonPACS on visualization and reporting capabilities.
• Intelerad: Intelerad provides enterprise imaging software including PACS, viewer, and workflow tools. It is simultaneously Radsource's primary technology partner (viewer embedded in ProtonPACS) and a direct competitor, since many Intelerad customers use Intelerad's own PACS rather than ProtonPACS.
• Novarad: Novarad provides PACS, RIS, and enterprise imaging solutions including orthopaedic-specific products (NovaOrtho). It targets many of the same orthopaedic, imaging center, and mid-market hospital customers as Radsource.

Broad incumbents

• GE HealthCare: GE HealthCare provides Centricity / True PACS and Edison imaging analytics across large hospital systems. As a modality-and-software incumbent, it offers a broad enterprise imaging portfolio that overlaps with ProtonPACS's hospital offering.
• Agfa HealthCare: Agfa's IMPAX and enterprise imaging platform serve hospitals, radiology practices, and imaging centers globally. Agfa competes with ProtonPACS in the imaging-center and mid-market hospital tiers.
• Carestream Health: Carestream's enterprise imaging (formerly Vue PACS/RIS) serves hospitals and imaging centers with broad modality coverage. As a long-established incumbent, it overlaps with ProtonPACS in mid-market hospitals and imaging centers.
• Philips Healthcare: Philips offers Intellispace PACS and enterprise imaging for hospitals and imaging centers as part of a broader diagnostic-and-treatment portfolio. It competes with ProtonPACS in the hospital and large imaging-center segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/radsource/?fref=nf
• LinkedInlinkedin.com/company/radsource
• Xx.com/RadsourceLLC

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radsource