Health Management Company of America

What Health Management Company of America does

Health Management Company of America (HMCA) is a private, Melville, New York-based limited liability company that provides outsourced non-medical management services to physician-owned diagnostic imaging centers. Founded in 1989 and majority-owned by FONAR Corporation (NASDAQ: FONR), HMCA currently manages 28 diagnostic imaging centers across New York and Florida with approximately 400 full-time employees and a network of roughly 42-45 MRI scanners. Its service offering is a 14-module centralized management platform covering facility staffing, radiology support, transcription, billing and collections, credentialing and contracting, human resources, marketing, compliance, purchasing, accounting, office management, reporting, and IT support, delivered through HIPAA-compliant PACS/RIS infrastructure headquartered at 110 Marcus Drive, Melville.

HMCA's core technological differentiator is the FONAR STAND-UP MRI (also branded UPRIGHT Multi-Position MRI), the only MRI scanner capable of weight-bearing position imaging and the only true open-design MRI without a tunnel or tube. Most managed centers are equipped with this proprietary platform, and select sites also offer complementary diagnostic equipment (High-Field 1.5T, 3.0T Whole-Body, 1.5T Extremity MRIs, and X-ray). The company monetizes through management fees charged to client imaging centers, with go-to-market executed via direct sales targeting physician-owned centers seeking to outsource administrative functions, supplemented by referral relationships with healthcare organizations and payors. Insurance accepted across the network includes Medicare, Workers' Compensation, No-Fault, PIP, and most commercial plans.

Name

Health Management Company of America

Legal name

Health Management Company of America, LLC

Website

https://hmca.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Health Management Company of America provides outsourced non-medical management services to 28 physician-owned diagnostic imaging centers in New York and Florida, operating a network of roughly 42-45 MRI scanners, most using FONAR's proprietary STAND-UP MRI technology.

Ownership category

akta.pro rank

Product category

Diagnostic Imaging Center Management Services

NAICS

Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621)

SIC

Services-Health Services (8000), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Independent Diagnostic Testing Facilities (IDTFs) & Multi-Specialty Diagnostic Centers (HLAFAKAN)

akta.pro secondary industries

Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound) (HLAFAKAA), Vendor Neutral Archive (VNA) & Enterprise Imaging Repositories (HLACALAC), Quality, Peer Review & Compliance Tools (MQSA/ACR/QA) (HLACALAL)

Keywords

• Diagnostic imaging management
• Non-medical practice management
• Medical billing services
• MRI imaging centers
• Healthcare administration outsourcing

Headquarters

HQ city

Melville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Diagnostic Imaging Center Management Services: HMCA provides comprehensive non-medical management services to diagnostic imaging centers including facility staffing, radiology support, billing and collections, credentialing, human resources, marketing, compliance, purchasing, accounting, office management, reporting, IT support, and transcription. Revenue is generated through management fees charged to client imaging centers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Health Management Company of America (HMCA) provides outsourced non-medical management services to physician-owned diagnostic imaging centers in New York and Florida. Its offering covers 14 centralized service modules including facility staffing, radiology support, billing and collections, credentialing and contracting, human resources, marketing, compliance, purchasing, accounting, office management, reporting, IT, and transcription. The managed centers are predominantly equipped with FONAR STAND-UP® MRI scanners, supplemented by High-Field 1.5T MRIs, 3.0T Whole-Body MRIs, 1.5T Extremity MRIs, and X-ray at select locations.

Product overview

Health Management Company of America (HMCA) provides a single unified offering: non-medical management services for diagnostic imaging centers. The core product is the FONAR STAND-UP® MRI scanner—a unique multi-position MRI that allows scanning in weight-bearing positions. This is complemented by a suite of 14 Centralized Management Services modules (Facility Staffing, Radiology Support, Transcription, Billing and Collections, Credentialing & Contracting, Human Resources, Marketing, Compliance, Purchasing, Accounting, Office Management, Reporting, and IT Support). Select centers also offer additional diagnostic equipment including High-Field 1.5T MRIs, 3.0T Whole-Body MRIs, 1.5T Extremity MRIs, and X-ray. The STAND-UP® MRI is the primary differentiator; the management services modules support the operational needs of client imaging centers.

Differentiator

Problem solved

Functional benefit

Products and services

• STAND-UP® MRI / UPRIGHT® Multi-Position™ MRI The STAND-UP® MRI with POSITION® Imaging (also known as the FONAR UPRIGHT® Multi-Position™ MRI) is the only MRI scanner that allows patients to be scanned in any position, including standing, sitting, bending, or lying down. It detects problems missed by conventional lie-down scanners and offers a non-claustrophobic open design. Provided at HMCA-managed imaging centers for patients referred by physicians.
• Centralized Non-Medical Management Services Outsourced non-medical management suite for physician-owned diagnostic imaging centers covering 14 modules: Facility Staffing, Radiology Support, Transcription, Billing and Collections, Credentialing & Contracting, Human Resources, Marketing, Compliance, Purchasing, Accounting, Office Management, Reporting, and Information Technology (IT). Sold to physician/radiologist owners of diagnostic imaging centers seeking to offload administrative operations.
• Complementary Diagnostic Imaging Services Additional diagnostic imaging services offered at select HMCA-managed STAND-UP MRI centers, including High-Field 1.5T MRIs, 3.0T Whole-Body MRIs, 1.5T Extremity MRIs, and X-ray. Available to patients referred to participating imaging centers.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• FONAR CorporationcoreStrategic or Co-development PartnerFONAR Corporation (NASDAQ: FONR) is the majority owner of HMCA and provides the proprietary STAND-UP MRI technology used in HMCA-managed imaging centers. FONAR invented MRI technology, with the fundamental discovery made by Dr. Raymond Damadian in 1971. FONAR built the world's first whole-body MRI scanner in 1977 and introduced the world's first commercial MRI scanner in 1980.
• UnitedHealthcareminorOthersUnitedHealthcare creates and publishes Machine-Readable Files on behalf of HMCA as required under the Transparency in Coverage Rule. This is a regulatory compliance relationship rather than a commercial partnership.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• RadNet: Largest U.S. outpatient diagnostic imaging chain operating fixed-site imaging centers across multiple states. Directly comparable to HMCA as a multi-site outpatient MRI/imaging operator with similar payor mix, although RadNet is significantly larger and not tied to a niche weight-bearing MRI platform.
• Center for Diagnostic Imaging (CDI): Multi-state outpatient imaging provider offering MRI, CT, and other diagnostic services through owned and partnered sites. Comparable to HMCA in operating a distributed imaging center footprint with similar physician-referral-driven economics.
• Touchstone Medical Imaging: Outpatient imaging provider operating fixed-site MRI, CT, and X-ray centers across multiple U.S. markets. Comparable to HMCA in business model (multi-site center operator), target customers (physician-referred patients), and modality mix.
• SimonMed Imaging: One of the largest outpatient imaging networks in the U.S., operating a multi-state footprint of MRI, CT, ultrasound, and X-ray centers. Comparable to HMCA as a directly-managed imaging center platform with similar modality mix, though at substantially greater scale and broader geographic reach.
• US Radiology Specialists: Private-equity-backed network of diagnostic imaging centers and radiology practices operating across multiple states. Directly comparable to HMCA as a multi-site outpatient imaging operator serving physician-referred patients with similar modality and payor exposure.
• Akumin: Outpatient diagnostic imaging operator with a national footprint of MRI and CT centers. Comparable to HMCA as a directly-managed imaging center network; although Akumin has undergone financial restructuring, its operating model closely mirrors HMCA's center-management approach.

Regional players

• Zwanger-Pesiri Radiology: Large New York metropolitan area-based outpatient radiology practice operating numerous imaging centers across Long Island, NYC, and surrounding counties. Highly comparable to HMCA in modality mix and patient base, though it operates only in the New York region and is not affiliated with STAND-UP MRI.
• Atlantic Medical Imaging: Regional outpatient diagnostic imaging provider serving New Jersey and the Mid-Atlantic. Comparable to HMCA as a multi-site imaging center operator with similar modality and payor mix, though operating in a different geography.

Broad incumbents

• Radiology Partners: Largest U.S. radiology physician practice and imaging services organization supporting hospital and outpatient imaging operations nationwide. Comparable to HMCA as a scaled radiology/imaging services provider, though Radiology Partners is significantly larger and broader in scope than HMCA's center-management model.

Others

• FONAR Corporation: Parent company of HMCA and manufacturer of the STAND-UP MRI installed across HMCA's network. FONAR is not a direct competitor but a key supplier and majority owner; included for context as the enabling equipment provider behind HMCA's differentiated imaging platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/health-management-company-of-america

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Health Management Company of America