Profile: Digirad Corp (DRAD.O)
24 Mar 2017
Digirad Corporation, incorporated on January 2, 1997, is a provider of diagnostic solutions. The Company's business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. The Company also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment. The Company sells solid-state gamma cameras for nuclear cardiology and general nuclear medicine applications, as well as provides service on the products it sells through its Diagnostic Imaging business segment.
Diagnostic Services offers portable nuclear and ultrasound imaging services. Its nuclear modality services include an imaging system, a certified nuclear medicine technologist and a cardiac stress technician, the supply of radiopharmaceuticals, and required licensing services for the performance of nuclear imaging procedures under the supervision of physicians. Its licensing infrastructure provides the radioactive materials license, radiation safety officer services, radiation safety training, monitoring and compliant policies and procedures. Its portable nuclear imaging operations use a hub and spoke model, in which centrally located regional hubs anchor multiple van routes in the surrounding metropolitan areas. At its Diagnostic Services hubs, clinical personnel load the equipment, radiopharmaceuticals and other supplies onto specially equipped vans for transport to the physician's office or other customer locations. After quality assurance testing, a technologist under the physician's supervision will gather patient information, inject the patient with a radiopharmaceutical, and then acquire the images for interpretation by the physician. The Company provides nuclear and ultrasound services primarily under contracts for services delivered on a per-day basis.
Cardiac Event Monitoring Services
Diagnostic Services also offers remote cardiac event monitoring services, which include provision of a monitor, remote monitoring by registered nurses and monitoring support for its patients and physician customers. The Company offers modalities of: mobile cardiac telemetry (MCT), mobile cardiac event monitoring (both in wireless and analog versions), holter monitoring and pacemaker analysis. The Company provides its services under contracts with its customers that allow for direct billing to Medicare, Medicaid, or third-party private payers once the monitoring cycle is complete.
The Company's cameras are used in hospitals, imaging centers, physician offices, and by mobile service providers. The central component of a nuclear camera is the detector, and it determines the overall clinical quality of the image a camera produces. The Company's nuclear cameras feature detectors based on solid-state technology.
The Company's imaging systems are sold in both portable and fixed configurations. The Company offers fixed dual-head and triple-head cardiac camera models for use within a facility, and portable configurations that make it possible to move the system to provide service to multiple rooms or sites. Its Cardius XACT SPECT/CT system features a triple-head design and a low dose volume computed tomography (CT) attenuation correction methodology. Its XACT camera is used by departments seeking to improve productivity, increase clinical accuracy or employ new low dose clinical protocols. The Company's ergo large-field-of-view imaging system is targeted to hospitals with multi-camera general nuclear medicine departments, academic centers, pediatric hospitals, regional trauma centers, women's health centers and cancer centers.
1048 Industrial Court
SUWANEE GA 30024