Radiology & Imaging Consultants

What Radiology & Imaging Consultants does

Radiology & Imaging Consultants, P.C. (RIC) is a 100% radiologist-owned private radiology practice headquartered in Colorado Springs, Colorado, founded in 1983. RIC delivers comprehensive diagnostic imaging and image-guided therapies through 34 fellowship-trained, board-certified radiologists spanning every major radiology subspecialty (neuroradiology, interventional radiology, musculoskeletal, breast, body, pediatric, nuclear, cardiothoracic, and emergency), supported by 7 Advanced Practice Providers (PA-Cs and NP-Cs). The practice offers ten core procedure categories: CT, MRI, X-Ray, Fluoroscopy, Ultrasound, Mammography, Nuclear Medicine/PET, Minimally Invasive Therapy (delivered through its Institute For Minimally Invasive Therapy), Uterine Fibroid Embolization, and Vertebral Augmentation.

The practice's go-to-market is enterprise field sales: RIC operates as the exclusive radiology provider for UC Health Memorial Hospital (Central and North campuses plus affiliated urgent care and free-standing emergency rooms in Colorado Springs, Denver, and Castle Rock) under a contract dating to 1988, and holds additional exclusive contracts with San Luis Valley Regional Medical Center, Pikes Peak Regional Hospital, and Colorado Springs Orthopedic Group, supplemented by outpatient imaging centers (UC Health Grandview, Mary Lou Beshears Breast Centers, Printers Park Medical Plaza). Revenue mechanics rest on the standard radiology dual-billing structure: a professional component (radiologist interpretation) billed separately from the technical component (facility/equipment), with services reimbursed through in-network contracts with most major insurance companies.

The practice serves three primary customer segments: hospital systems and medical centers requiring full-time radiology coverage, referring physicians requiring collaborative sub-specialty reads, and patients/families requiring diagnostic and interventional imaging services throughout Southern Colorado. Notable quantified outcomes cited in RIC's interventional practice include 85-94% symptom improvement following uterine fibroid embolization, a 94% quality-of-life improvement rate, and a 75% long-term success rate. The practice is independently owned by its radiologist partners with no parent company, no disclosed external funding, no disclosed revenue, and no publicly traded equity.

Name

Radiology & Imaging Consultants

Legal name

Radiology & Imaging Consultants, P.C.

Website

https://ricradiology.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Radiology & Imaging Consultants is a 100% radiologist-owned private practice in Colorado Springs, Colorado, providing diagnostic imaging and interventional radiology services across Southern Colorado via exclusive provider contracts with UC Health Memorial Hospital, San Luis Valley Regional Medical Center, and other regional facilities.

Ownership category

akta.pro rank

Product category

Diagnostic Radiology Services

NAICS

Diagnostic Imaging Centers (621512), Offices of Physicians (62111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound) (HLAFAKAA)

akta.pro secondary industries

Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB), Interventional Radiology & Image-Guided Therapy Systems (HLAHABAG), Nuclear Medicine Clinical Services & Therapy Centers (HLAIAGAI), Women’s Imaging & Breast Health Centers (HLAFAJAJ), Mobile Imaging Services (HLAFAKAC)

Keywords

• Diagnostic radiology services
• Medical imaging services
• Interventional radiology procedures
• Radiology physician group
• Diagnostic imaging services

Headquarters

HQ city

Colorado Springs

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Radiology Services: Diagnostic interpretation (read) of medical images by board-certified radiologists. The professional component is billed separately from the technical facility charges.
2. Technical Imaging Services: Technical charges for imaging services including equipment use, technologist services, and facility overhead. Billed through the hospital or facility where services are rendered.
3. Interventional Procedures: Minimally invasive image-guided therapies including uterine fibroid embolization, vertebral augmentation, and other interventional radiology procedures.
4. Hospital Radiology Contracts: Exclusive radiology provider contracts with hospital systems including UC Health Memorial Hospital and San Luis Valley Regional Medical Center.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Radiology & Imaging Consultants is a 100% radiologist-owned private practice delivering diagnostic radiology interpretation and image-guided therapies through 34 fellowship-trained, board-certified radiologists and 7 Advanced Practice Providers. The practice operates under exclusive long-term contracts with hospital systems (including UC Health Memorial Hospital for 35+ years) and outpatient facilities across Southern Colorado, providing MRI, CT, X-Ray, fluoroscopy, ultrasound, mammography, nuclear medicine/PET, and interventional procedures including uterine fibroid embolization and vertebral augmentation.

Product overview

Radiology & Imaging Consultants (RIC) is a 100% radiologist-owned private practice providing comprehensive diagnostic radiology and image-guided therapies. The practice operates as a single unified service offering encompassing ten core radiology and imaging procedures: CT Scan, MRI, X-Ray, Fluoroscopy, Ultrasound, Mammography, Nuclear Medicine/PET, Minimally Invasive Therapy, Uterine Fibroid Embolization, and Vertebral Augmentation. These services are delivered through fellowship-trained and board-certified radiologists at multiple hospital and outpatient facility locations throughout Southern Colorado.

Differentiator

Problem solved

Functional benefit

Products and services

• CT Scan Computed tomography scan producing detailed cross-sectional images of the body using X-rays and computer processing, offering more detailed pictures than standard X-rays for examining organs, muscles, and skeletal systems.
• Fluoroscopy Imaging technique creating real-time moving X-ray images of internal body structures, used for procedures such as cardiac catheterization, intravenous insertions, and barium X-rays.
• Mammography X-ray examination of the breasts used to detect abnormalities, lumps, cysts, calcifications, and signs of breast cancer through screening and diagnostic mammograms; offered with digital tomosynthesis, computer-aided detection (CAD), and dedicated breast ultrasound at all breast centers.
• Minimally Invasive Therapy (Institute For Minimally Invasive Therapy - IMIT) Interventional radiology procedures offered through the Institute For Minimally Invasive Therapy (IMIT), providing non-invasive diagnosis and minimally invasive treatments for vascular, orthopedic, and neurological conditions including vertebroplasty, kyphoplasty, image-guided biopsy, tumor ablations, uterine artery embolizations, stents, and angioplasty.
• MRI (Magnetic Resonance Imaging) Diagnostic procedure using strong magnetic fields and radio waves to create detailed images of organs and structures within the body without radiation exposure, including advanced applications such as magnetic resonance angiography (MRA), magnetic resonance spectroscopy (MRS), functional MRI (fMRI), and Open MRI units for claustrophobic, pediatric, and larger patients.
• Nuclear Medicine / PET Positron emission tomography and nuclear medicine procedures that measure metabolic activity of cells throughout body tissues, commonly used for cancer detection, brain imaging, and cardiac evaluation through radioactive tracers.
• Ultrasound Non-invasive diagnostic imaging using high-frequency sound waves to create images of soft tissues, organs, and blood vessels, including specialized types such as vascular, Doppler, echocardiogram, abdominal, breast, pelvic, obstetrical, and musculoskeletal ultrasound.
• Uterine Fibroid Embolization (UFE / UAE) Minimally invasive procedure also known as uterine artery embolization (UAE) that blocks blood flow to fibroids, causing them to shrink while preserving the uterus, offered as an alternative to hysterectomy for symptomatic fibroids.
• Vertebral Augmentation (Vertebroplasty and Kyphoplasty) Minimally invasive procedures for treating vertebral compression fractures by inserting medical cement into the fractured vertebral body under X-ray guidance, including vertebroplasty and kyphoplasty techniques.
• X-Ray Standard radiographic imaging using external radiation beams to produce images of bones, organs, and internal structures for diagnosing injuries, tumors, and medical conditions.

Quantifiable outcome

• 85-94% of uterine fibroid embolization patients see improvement in bleeding symptoms
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• UC Health Memorial HospitalcoreStrategic or Co-development PartnerExclusive radiology provider for UC Health Memorial Hospital system for more than 35 years. Provides comprehensive diagnostic radiology and image-guided therapies for hospital inpatients, outpatients, and emergency/trauma cases at Central and North campuses.
• San Luis Valley Regional Medical CentercoreStrategic or Co-development PartnerExclusive radiology provider for the regional medical center in Alamosa, Colorado serving the San Luis Valley community.
• Colorado Springs Orthopedic GroupcoreStrategic or Co-development PartnerProvides outpatient MRI facility services for orthopedic patients at Memorial Hospital North Campus location.
• UC Health Urgent Care & Emergency RoomscoreStrategic or Co-development PartnerProvides radiology services for network of UC Health urgent care centers and free-standing emergency rooms in Denver, Castle Rock, and Colorado Springs.
• United States Olympic & Paralympic Training CenterflagshipStrategic or Co-development PartnerProvides radiology services for Olympic and Paralympic athletes at the training center in Colorado Springs.
• Major Insurance CompaniescoreOthersRIC is contracted with most major insurance companies for in-network radiology services. Patients should contact billing at (877) 277-2561 to verify network status.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Radiology Partners: Largest physician-led radiology practice in the U.S., providing contracted radiology services to hospitals and health systems. Directly comparable business model of partnering with hospital systems for exclusive radiology coverage.
• RadNet: Large outpatient diagnostic imaging network operating fixed-site imaging centers offering MRI, CT, mammography, ultrasound, and nuclear medicine. Comparable modality mix to RIC's outpatient service lines.
• US Radiology Specialists: National radiology partnership serving hospitals, outpatient centers, and physician practices. Directly comparable physician-owned model with hospital contract focus and subspecialty coverage.
• RAYUS Radiology: National network of diagnostic imaging centers (formerly Center for Diagnostic Imaging) offering MRI, CT, mammography, and image-guided procedures. Comparable in modality breadth and outpatient-center delivery model.
• SimonMed Imaging: One of the largest outpatient medical imaging providers in the U.S., offering MRI, CT, ultrasound, mammography, nuclear medicine, and image-guided procedures. Direct modality-by-modality overlap with RIC's diagnostic services.
• Charlotte Radiology: Regional subspecialty radiology practice serving hospitals and outpatient centers in the Carolinas. Closely comparable regional-scale, hospital-anchored, subspecialty model with similar size and contract structure.
• Wake Radiology: Regional radiology group providing hospital-based and outpatient diagnostic imaging in the Raleigh-Durham area. Similar regional-practice profile, subspecialty coverage, and hospital-contracted delivery model.
• Atlantic Medical Imaging: Regional diagnostic imaging practice serving southern New Jersey with full-modality outpatient imaging and hospital partnerships. Closely comparable regional practice in scope and service mix.
• Diversified Radiology: Radiology group providing subspecialty reads to hospitals and imaging centers across the Mountain West and beyond. Comparable subspecialty-focused, hospital-contracted model.

Broad incumbents

• Optum (UnitedHealth Group): Diversified health services platform of UnitedHealth Group that owns large radiology and imaging operations and employs radiologists nationally. Represents the consolidated, vertically-integrated model that competes with independent groups for hospital contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/RICRadiology
• Facebookfacebook.com/RICRadiology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles41 records

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 Radiology & Imaging Consultants