United States

Profile: Alliance HealthCare Services Inc (AIQ.O)

AIQ.O on Consolidated Issue listed on NASDAQ Global Market

23 Jun 2017
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Alliance HealthCare Services, Inc. (Alliance), incorporated on May 27, 1987, is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology Division and Interventional Healthcare Services Division. The radiology segment comprises diagnostic imaging services, including magnetic resonance imaging (MRI), positron emission tomography/computed tomography (PET/CT) and other imaging services. The radiology segment also comprises radiation oncology services. The interventional healthcare services segment provides interventional healthcare through therapeutic minimally invasive pain management procedures medical management, laboratory testing and other services.

The Company operates freestanding outpatient radiology, oncology and interventional clinics, and Ambulatory Surgical Centers (ASC) that are not owned by hospitals or providers. Its diagnostic radiology services are delivered through the Radiology Division (Alliance HealthCare Radiology), radiation oncology services through the Oncology Division (Alliance Oncology, LLC), and interventional and pain management services through the Interventional HealthCare Services Division (Alliance HealthCare Interventional Partners, LLC). It operates over 560 diagnostic imaging and radiation therapy systems, including approximately 120 fixed-site radiology centers across the country, and over 30 radiation therapy centers and stereotactic radiosurgery (SRS) facilities. It partners with hospitals, health systems and physician practices, and provides healthcare services for over 1,000 hospitals and healthcare partners in approximately 40 states.

Radiology Division

The Company delivers radiology service line and outpatient center management, as well as mobile radiology solutions, such as MRI, PET/CT and CT modalities. Through the Alliance RAD360 service, it offers an end-to-end business/operational lifecycle solution. The Company also offers various programs and services, including OnPoint, which is an automated cloud-based software that allows hospitals and imaging providers to manage scanners in their facilities, automate the quality control measures required for accreditation by the American College of Radiology (ACR), and detect gradual degradation in image quality to identify problems and preventative maintenance before they impact clinical results.

The Company provides radiology services in various settings, such as outsourced, hospitals and physician practices, and independent centers. Imaging systems, located in mobile trailers or in fixed facilities, are used to provide services to a hospital or physician practice on a shared-service or full-time basis. The outsourced setting includes imaging and/or radiation oncology systems that are located in a hospital, physician practice or clinic. Its hospitals and physician practices systems are used to scan patients of the hospital or clinic, and the hospital or clinic bills patients and third-party payors, such as health insurers. Independent centers systems are located in permanent facilities not owned by hospitals or physician practices.

Oncology Division

The Company's oncology services help build, manage and grow oncology service lines. All of its oncology services are provided in a hospital setting or at an independent radiation oncology center. Radiation oncology is the medical practice of delivering radiation therapy under the direction of a trained physician, a radiation oncologist. Radiation oncology uses ionizing radiation to treat cancer, along with non-malignant conditions. Radiation therapy is delivered in daily treatments over a period that varies from a single day (single treatment) to many weeks (40 or more treatments). Its oncology division offers various treatment options, such as conventional beam therapy (CBT), three-dimensional conformal radiation therapy (3D-CRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT), stereotactic radiosurgery (SRS) and stereotactic body radiotherapy (SBRT), low dose rate brachytherapy (LDR) and high dose rate brachytherapy (HDR).

Interventional Services Division

The Company provides minimally invasive interventional healthcare and pain management services for a range of conditions and diseases. For hospital systems and providers, it provides scalable solutions to build, manage and optimize interventional healthcare programs. Its interventional services division offers therapeutic minimally invasive pain management procedures and services, such as epidural steroid injections, discectomy, vertebroplasty, kyphoplasty, neuro stimulators, nerve blocks and other procedures that provide intermediary care. As part of the continuum of pain care, it also includes clinical management, pharmaceutical referral, functional restoration and other treatments that assist chronic and acute pain care. All of its interventional services are delivered in an outpatient physician practice or at an ASC.

The Company competes with RadNet, Inc., InSight Health Services Corp., Diagnostic Imaging Group, American Radiology Services, Medquest, Inc., Shared Medical Services, Kings Medical Company Inc., DMS Health Group, Radiation Therapy Services, Inc., Vantage Oncology, Inc. and McKesson Corporation.

Company Address

Alliance HealthCare Services Inc

100 Bayview Cir Ste 400
NEWPORT BEACH   CA   92660-2984
P: +1949.2425300
F: +1302.6555049

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