The MD-Cave is an immersive analytics system that provides enhanced stereoscopic visualizations to support visual diagnoses performed by radiologists. The system harnesses contemporary paradigms in immersive visualization and 3D interaction, which are better suited for investigating 3D volumetric data. We retain practicality through efficient utilization of desk space and comfort for radiologists in terms of frequent long duration use. MD-Cave is general and incorporates: (1) high resolution stereoscopic visualizations through a surround triple-monitor setup, (2) 3D interactions through head and hand tracking, (3) and a general framework that supports 3D visualization of deep-seated anatomical structures without the need for explicit segmentation algorithms. Such a general framework expands the utility of our system to many diagnostic scenarios. We have developed MD-Cave through close collaboration and feedback from two expert radiologists who evaluated the utility of MD-Cave and the 3D interactions in the context of radiological examinations. We also provide evaluation of MD-Cave through case studies performed by an expert radiologist and concrete examples on multiple real-world diagnostic scenarios, such as pancreatic cancer, shoulder-CT, and COVID-19 Chest CT examination.