FONAR Corporation

FONAR Corporation together with its subsidiaries engages in the research development production and marketing of magnetic resonance imaging MRI scanners for the detection and diagnosis of human diseases in the United States The company operates through two segments Medical Equipment segment and Physician Management and Diagnostic services segment It provides Upright MRI scanner that allows patients to be scanned in weightbearing conditions such as standing sitting bending or lying down The company offers nonmedical management including administrative services billing and collection services credentialing services contract negotiations compliance consulting purchasing IT services hiring conducting interviews training supervision and management of nonmedical personnel storage of medical records office space equipment repair maintenance services accounting assistance with compliance matters and the development and implementation of practice growth and marketing strategies The company owns and operates 5 diagnostic imaging facilities in Florida and manages 39 MRI scanning facilities including 25 facilities located in New York and 14 situated in Florida It markets its scanners to private diagnostic imaging centers and hospitals The company was incorporated in 1978 and is based in Melville New York