The Story Behind USRad

One price for the study, with the radiologist’s interpretation included.

We’re building the category of Accessible Imaging.

1994 — The Founding Moment

Michael and Donna Cabrera inside a diagnostic imaging center, mid-1990s — Michael & Donna Cabrera

Diagnostic imaging center — mid-1990s

The Origin

Where It All
Started.

In the early 1990s, imaging centers had open capacity and injured workers couldn’t reach it. Authorization ran through carriers by fax and phone. Most facilities wouldn’t schedule until someone approved. Nobody in the chain was accountable for how long it took.

Florida workers’ compensation law let employers direct care. So in 1994, Michael and Donna Cabrera founded Managed Care Networks, Inc., operating as AnciCare PPO — a specialty preferred provider organization delivering medical imaging through a contracted network of independent diagnostic facilities. Volume commitments to imaging centers in exchange for rates below the fee schedule, and one party accountable for scheduling.

AnciCare sold to insurers, third-party administrators and self-insured employers. The business was focused on workers’ compensation, while also accepting referrals from auto liability and group health.

The AnciCare Record · 1994–2002

What They Built

AnciCare grew from a South Florida program into a national contracting operation. At the end of 1998 it held 608 imaging facilities across 32 states and the District of Columbia. By April 2002 it had 1,228 contracted imaging facilities across 43 states.

The operating volume was real, not projected. From 1994 through 2001, AnciCare paid more than $60 million to imaging centers — money that moved through the network to the facilities doing the work.

Speed was the operating advantage. In February 1999 the South Florida Business Journal reported that 90% of AnciCare’s referrals were scheduled within two to three days.

The customers included insurers, third-party administrators and self-insured employers. Winn-Dixie, CNA, Liberty Mutual, Zurich American, USF&G, Crawford & Company, Gallagher & Bassett and the U.S. Postal Service were among them.

Independent recognition followed: #210 on the 1999 Inc. 500; No. 1 on the South Florida Business Journal’s 1999 list of South Florida’s largest PPOs; and recognition by Hispanic Business among the nation’s 500 largest Hispanic-owned companies.

The Timeline

Two Companies.
Two Eras.

AnciCare ended with its 2002 acquisition. Work on today’s USRad began in 2025.

AnciCare · 1994–2002

1993

The Discovery

Imaging centers had open capacity. Injured workers couldn’t reach it.

1994

AnciCare Launches

Direct contracts. Volume commitments in exchange for rates below the fee schedule.

1999

National Expansion

Expansion beyond Florida. Employers and carriers on board.

2002

AnciCare Is Acquired

CorVel Corporation (NASDAQ: CRVL) acquired AnciCare in May 2002.

USRad · 2025–

2025

The Work Begins

Work begins on today’s USRad, built for self-funded health plans and people paying directly for their own imaging.

2025 — A New Company

What Carries Forward. What Doesn’t.

USRad is a new company. It did not inherit AnciCare’s network, contracts, clients or operating assets.

What carries forward are the founders and what they learned building a contracted imaging network: working directly with independent imaging centers, establishing predictable pricing and coordinating access to imaging. Self-insured employers were among AnciCare’s customers too. That part is familiar.

What does not carry forward is AnciCare itself. Its network, contracts, clients and infrastructure became part of CorVel following the 2002 acquisition. USRad is building its own network from the beginning.

The benefit line is different, and the difference matters. AnciCare operated in workers’ compensation, where employers could direct care, carriers and TPAs administered claims, and the business served a defined claimant population. USRad is being built for self-funded health plans and people paying directly for their own imaging. The buyer may be familiar. The mechanism is not.