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Florida Oncology and Hematology Relocates Naples Health Parkway Clinic to Larger Location in Lintree Medical Plaza; Adds PET Services
Globenewswire· 2025-07-01 12:00
Local oncology practice moves to expanded location to enhance cancer care for Collier County community NAPLES, Fla., July 01, 2025 (GLOBE NEWSWIRE) -- Florida Oncology and Hematology, a partner practice of American Oncology Network (AON), has relocated its Health Parkway clinic in Naples to a larger suite at 15455 Collier Blvd., Suite 101, in the Lintree Medical Plaza. Current and prospective patients can call (239) 231-7258 for more information or to schedule an appointment. Board-certified medical oncolog ...
Florida Oncology and Hematology Moves Naples-Goodlette Clinic to Larger Location
Globenewswire· 2025-06-11 12:00
Local oncology practice moves to a new, expanded location to continue providing enhanced cancer care to the Naples-Goodlette community For more information about AON, visit AONcology.com. For more information about Florida Oncology and Hematology, visit floridaonc.com. About American Oncology Network American Oncology Network (AON) is an alliance of physicians and seasoned healthcare leaders partnering to ensure the long-term success and viability of community oncology and other specialties. Founded in 2018 ...
American Oncology Network Announces Research Studies Presented at ASCO 2025 Annual Meeting
Globenewswire· 2025-06-03 12:00
Several AON physicians and leaders shared new cancer research at one of oncology’s most influential gatheringsFORT MYERS, Fla., June 03, 2025 (GLOBE NEWSWIRE) -- American Oncology Network (AON), one of the nation’s fastest-growing networks of community oncology practices, is pleased to announce that multiple research studies co-authored by AON physicians and leaders were selected for presentation at the American Society of Clinical Oncology (ASCO) 2025 Annual Meeting, held May 30-June 3 in Chicago. The fo ...
American Oncology Network Expands Access to Advanced Radioligand Therapies Across U.S. Network
Globenewswire· 2025-05-21 12:00
Core Insights - American Oncology Network (AON) is expanding access to radioligand therapies (RLT) for prostate and neuroendocrine cancers, reflecting a commitment to innovative cancer care [1][5] - Over 300 treatments have been administered to nearly 70 patients across five AON partner practices, indicating strong demand and success for these therapies [1][5] Company Overview - AON is a rapidly growing community oncology network founded in 2018, representing over 290 providers across 21 states [6] - The organization focuses on value-based care, improving patient outcomes while reducing costs and expanding access to quality care [6] - AON aims to promote health equity by addressing disparities in cancer care and ensuring all patients have access to necessary treatments [6] Radioligand Therapies - AON now offers three FDA-approved radiopharmaceuticals: Pluvicto™, Xofigo, and Lutathera, targeting specific cancer types [2][3] - Radioligand therapy involves attaching a radioactive isotope to a targeting molecule, allowing for precise radiation delivery to cancer cells while minimizing damage to healthy tissue [2][3] Future Growth - AON anticipates continued growth in the utilization of radioligand therapies as more sites obtain the necessary infrastructure and regulatory approvals [5]
American Oncology Network Appoints Joe Verschleiser as Chief Growth and Performance Officer
Globenewswire· 2025-05-15 12:00
Company Overview - American Oncology Network (AON) is one of the fastest-growing community oncology networks in the United States, founded in 2018, representing over 290 providers across 21 states [6][7] - AON focuses on innovative healthcare solutions through a physician-led model, promoting value-based care that improves patient outcomes while reducing costs [7] Leadership Appointment - Joe Verschleiser has been appointed as the chief growth and performance officer of AON, bringing over a decade of experience in healthcare, including roles in operations, financial strategy, and mergers and acquisitions [2][3] - His previous role was president of the West Division at Unified Women's Healthcare, where he managed strategy and operations for over 200 physicians [3] Strategic Focus - In his new role, Verschleiser will lead growth strategy and performance optimization for AON partner practices, focusing on expansion and new business line opportunities [2] - AON aims to strengthen its national presence and support the long-term success of its partner practices through strategic initiatives [2][4] Commitment to Quality Care - AON is dedicated to expanding access to high-quality, affordable cancer care and addressing disparities in cancer care to promote health equity [4][7] - The organization provides comprehensive support and integrated services to enable physicians to focus on delivering the highest standard of care [7]
American Oncology Network Value-Based Care Director Anne Marie Rainey Appointed to ACCC Board of Trustees
Globenewswire· 2025-04-08 12:00
Core Insights - American Oncology Network (AON) announced the appointment of Anne Marie Rainey as a member of the Association of Cancer Care Centers' Board of Trustees, highlighting AON's commitment to leadership in oncology care [1][4]. Company Overview - AON is a rapidly growing community oncology network founded in 2018, representing over 290 providers across 21 states, focusing on innovative healthcare solutions and value-based care [5]. - The organization aims to improve patient outcomes while reducing costs and expanding access to quality care through a physician-led model [5][6]. Leadership and Initiatives - Anne Marie Rainey, as the director of value-based care at AON, manages quality initiatives and has a background in government quality reporting [3]. - Rainey expressed her commitment to advancing oncology education and advocacy for cancer patients through her role on the ACCC Board [4]. Association of Cancer Care Centers (ACCC) - ACCC is an education and advocacy organization for the cancer care community, consisting of over 45,000 professionals from 1,700 provider organizations [7]. - The organization adapts its resources to meet the evolving needs of oncology care teams, reflecting advancements in cancer treatment and care delivery [7].
MidAmerica Cancer Care Opens New Medical Oncology Clinic in Kansas City, Kansas
Globenewswire· 2025-04-02 12:00
Core Insights - MidAmerica Cancer Care (MACC) has opened a new medical oncology clinic in Kansas City, Kansas, enhancing cancer care for the local community [1][3] - The new clinic features private exam rooms, an infusion room, in-house lab and pathology services, and a specialty pharmacy for oral oncolytics [2] - MACC emphasizes a patient-first approach, providing personalized care and treatment plans tailored to individual needs [3][9] Company Overview - MACC is a community-based oncology practice established in 2019, dedicated to providing compassionate cancer care [9] - The practice operates with a team of six physicians and 16 advanced practitioners, focusing on treating the whole patient [10] - MACC has partnered with American Oncology Network (AON) to enhance patient care and expand service offerings [4][6] Partnership and Services - The partnership with AON allows MACC to provide additional services, including access to an in-house specialty pharmacy with home delivery options [4] - AON represents over 290 providers across 21 states, focusing on value-based care and improving patient outcomes [6][8] - AON is committed to health equity, addressing disparities in cancer care to ensure all patients have access to necessary treatments [8]
American Oncology: A Buy Rating For Bold Growth Investors
Seeking Alpha· 2025-03-29 14:05
Company Overview - American Oncology Network, Inc. is a microcap healthcare stock trading on an OTC exchange, relatively unknown among analysts and investors [1] Analyst Background - Robert F. Abbott has been managing his family's investments since 1995 and has experience with options since 2010, focusing on covered calls and collars with long stocks [2]
American Oncology Network Inc(AONC) - 2024 Q4 - Annual Report
2025-03-27 21:22
Revenue Growth and Market Size - Revenue has grown at a roughly 41% CAGR from 2019 to 2024[37] - The global community oncology services market size is expected to grow to $81.33 billion in 2027 at a CAGR of 10.9%[22] - The oncology pharmaceuticals market is currently a $177 billion industry and is expected to grow to $314 billion by 2026[22] - The oncology service market is expected to grow five times faster than the population growth through 2040, with over 12,000 oncologists in the U.S., 76% of whom work in practices with 1-5 oncologists[50] Company Operations and Expansion - As of December 31, 2024, the company was active across 37 practices in 20 states and the District of Columbia[22] - The company anticipates adding more managed practices in the future through acquisitions and organic growth[40] - The company launched a new AON Pharmacy MSA model in December 2022 to offer potential AON practices access to pharmaceutical management[44] - The company plans to expand its national research platform to offer access to cutting-edge clinical trials within the community setting[46] - The average managed clinic size is 6,200 square feet, typically accommodating up to 30 providers, with flexibility to establish smaller clinics as needed[55] Financial Strategies and Revenue Streams - New revenue streams are being developed from clinical informatics and data licensing subscriptions, alongside the implementation of new CMS-approved patient services[51] - The company plans to pursue accelerated growth through a more aggressive M&A strategy, leveraging access to public markets to broaden potential targets[51] Quality and Compliance - The company maintains a 96% Physician Quality Score according to CMMI[41] - The company competes favorably on patient experience, quality of care, health outcomes, total cost of care, brand identity, and trust within its served markets[56] - Compliance with extensive government regulations is critical, as failure to comply could result in significant penalties and loss of ability to participate in Medicare and Medicaid[59] - The company has developed a HIPAA compliance plan to address privacy and security regulations, which impose significant costs[80] Labor and Employment - The company employed approximately 1,914 employees as of December 31, 2024, including 266 physicians and advanced practice providers[87] - Rising labor costs are a significant challenge, necessitating enhanced wages and benefits to recruit and retain healthcare providers[88] Insurance and Liability - The company maintains professional malpractice liability insurance and general liability insurance, but coverage may not be sufficient for all claims[86] Regulatory Environment - The Affordable Care Act (ACA) has significantly impacted healthcare delivery and reimbursement, with ongoing challenges affecting its implementation[73] - Medicare payments to providers are subject to a 2% reduction per fiscal year from 2013 to 2030, with variations in actual reductions from 1% to 3% depending on the fiscal year[75] - The company is evaluating the potential impact of the Inflation Reduction Act of 2022 on its business, particularly regarding drug pricing and Medicare[75] - The 21st Century Cures Act has transformed data interoperability and information sharing requirements, which could materially affect the company's operations[76] Environmental and Property Management - The company is subject to various federal, state, and local environmental laws, but current compliance does not materially affect financial results or operations[89] - The company leases 102 properties for practice locations and administrative facilities, with an average practice occupying 6,000 square feet[91] Payment Models - The implementation of ASP-based reimbursement has reduced differential pricing available from pharmaceutical manufacturers, impacting competitive strengths[49] - The company is exploring alternative payment models, including value-based arrangements, which may not produce as much initial revenue but allow for market expansion[52] Payor Relationships - The company maintains strong relationships with payors, managing contracts on a state-by-state basis, ensuring no single payor contract accounts for a majority of revenue[53]
Woodlands Cancer Institute Relocates Its Medical Oncology Clinic in The Woodlands, Texas
Globenewswire· 2025-03-04 13:00
Core Viewpoint - Woodlands Cancer Institute has relocated its medical oncology clinic to a new address in The Woodlands, Texas, to enhance cancer care services for the community [1][3]. Company Overview - Woodlands Cancer Institute is a community-based practice that provides medical oncology, radiation oncology, and hematology services for patients diagnosed with various types of cancer and blood disorders [8]. - The institute emphasizes compassionate care centered around the patient, aiming to deliver the best possible experience throughout the healthcare journey [8]. New Clinic Features - The new medical oncology clinic includes additional private exam rooms, an infusion room, in-house lab and pathology services, and a specialty pharmacy for oral oncolytics [2]. - The relocation allows for expanded patient services and therapeutics, as well as a larger space for additional staff to prioritize patient health and well-being [5]. Partnership and Network - Woodlands Cancer Institute is a partner of American Oncology Network (AON), which is one of the fastest-growing community-based oncology networks in the U.S. [4][7]. - AON provides additional patient care services, including access to an in-house specialty pharmacy with home delivery of certain medications [4]. Commitment to Patient Care - The practice maintains high standards of patient care, ensuring personalized treatment plans tailored to individual patient needs [3]. - AON is committed to promoting health equity and addressing disparities in cancer care, ensuring all patients have access to necessary care for optimal health outcomes [7].