Patient management in oncology increasingly relies upon imaging for diagnosis, response assessment, and follow-up. The clinical availability of combined functional-anatomic imaging modalities, which integrate the benefits of visualizing tumor biology with those of high-resolution structural imaging, revolutionized clinical management of oncologic patients.[1–6] Conventional high resolution anatomic imaging modalities such as computed tomography (CT) and magnetic resonance imaging (MRI) excel at providing details regarding lesion location, size, morphology, and structural changes to adjacent tissues; however, these modalities provide little insight into tumor physiology. With the increasing focus on molecularly targeted therapies, imaging radiolabeled compounds with positron emission tomography (PET) and single photon emission tomography (SPECT) are often used to provide insight into a tumor's biologic functions and its surrounding microenvironment. Despite their high sensitivity and specificity, PET and SPECT alone are substantially limited by low spatial resolution and inability to provide anatomic detail. Integrating SPECT or PET with a modality capable of providing these (i.e. CT or MR) maximizes their separate strengths and provides anatomic localization of physiologic processes with detailed visualization of a tumor's structure. The availability of multi-modality (hybrid) imaging with PET/CT, SPECT/CT and PET/MR improves our ability to characterize lesions and to affect treatment decisions and patient management. We have just begun to exploit the truly synergistic capabilities of multi-modality imaging. Continued advances in instrumentation and imaging agent development will improve our ability to noninvasively characterize disease processes. This review will discuss the evolution of hybrid imaging technology and provide examples of its current and potential future clinical uses.